Yuvraj Singh moved Delhi High Court against a Delhi-based real estate firm over a property-related dispute, alleging delayed delivery and poor quality of materials.
Real EstateProperty DisputeYuvraj SinghDelhi High CourtBrilliant Etoile Private LimitedReal EstateJul 09, 2024
The dispute is related to the delayed delivery and poor quality of materials used in the flat booked by Yuvraj Singh.
The property was priced at around Rs 14.10 crore.
The builder failed to respond to the legal notices and instead terminated the agreement.
The Delhi High Court has issued a notice to the real estate firm, and the fate of the property dispute remains to be seen.
The case highlights the importance of careful planning and research before investing in real estate, as well as the need for developers to adhere to their commitments and maintain transparency in their dealings with customers.
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Gurugram, the thriving financial and tech hub of North India, is poised to make a significant mark in the global real estate landscape by becoming the only city outside New York to host two supertall skyscrapers. This milestone underscores the city's rapid development and growing prominence in the international arena.
Private equity investment in India's real estate sector has witnessed a significant 35% increase, reaching USD 748 million in the first quarter of 2025. This surge is primarily attributed to robust demand in key cities like Mumbai, Delhi NCR, Chennai, Pune, Hyderabad, and Ahmedabad. Savills, a leading real estate services firm, highlights the growing interest from both domestic and international investors.
In Q1 2025, the Indian real estate market is witnessing a significant shift with a shrinking supply of affordable homes and an oversupply in the luxury segment. The pandemic has exacerbated these issues, affecting low-income buyers and developers alike.