Homebuyers' funds siphoned in Noida and Yamuna Expressway projects face a new Supreme Court probe into ₹14,559 crore, seeking answers from the ED and RBI.

A leading pan-India homebuyers' association has urged the Union Housing Ministry to address critical gaps in RERA enforcement, proposing mandatory escrow accounts for amenities, builder verification mechanisms, uniform exit policies, and standardized operating procedures across state regulators.

Nearly a decade after RERA's introduction, Indian homebuyers continue battling project delays, poor construction quality, and broken developer promises, with regulatory enforcement remaining weak and inconsistent across states.

MahaRERA has issued recovery warrants worth ₹90 crore against Honest Shelters Pvt Ltd for the troubled Palais Royale project in Worli, following IIFL Finance Ltd's complaints about non-compliance with possession handover orders.