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.

Homebuyers funds siphoning: Supreme Court examines a potential ₹14,559 crore diversion in Noida residential projects, demanding replies from key authorities.

The Supreme Court sternly advised the Central Bureau of Investigation (CBI) regarding its handling of the ongoing probe into the collusion between real estate developers and financial institutions. The judiciary emphasized immediate action on pending cases and mandated custodial interrogation of bank officials to protect distressed homebuyers.

The Supreme Court has directed the Central Bureau of Investigation to examine compliance issues surrounding DLF Home Developers’ premium housing project, 'The Primus,' in New Gurgaon. The probe stems from consumer complaints previously adjudicated by the NCDRC, marking a significant regulatory step for the developer.

The CBI raided 12 sites across Kolkata, Bengaluru and Mumbai after the Supreme Court directed it to probe alleged fraud tied to subvention home‑loan schemes, naming multiple developers and finance officials.