[INDIA REAL ESTATE NEWS] Good morning, everyone. I’m Lee Jang Ho staff of Kamagroup Pvt. Ltd. Here I have an important INDIA REAL ESTATE news to share with you which is as undermentioned.
Amrapali Group has committed a "first degree crime" by cheating thousands of home buyers and no matter how powerful the people behind this mess they will be booked and prosecuted, the Supreme Court said Tuesday.
"Fate is written on the wall" for the group and its directors, the top court said while declining to hear their claims of no wrong doing.
The embattled real estate firm "cheated everybody including home buyers, banks and authorities and indulged in cartelization to prevent the Debt Recovery Tribunal from auctioning its unencumbered properties", it said. "The limit of your fraud touched the sky."
Read more at: https://economictimes.indiatimes.com/wealth/real-estate/amrapali-group-committed-first-degree-crime-by-cheating-home-buyers-sc/articleshow/69139310.cms
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