Rera  

Thousands of home buyers, who were left in the lurch can now heave a sigh of relief as the Supreme Court has ordered the cancellation of Amrapali under RERA. More than 20 Kendriya Vidyalaya buildings across the country have been found partially or fully unsafe in an audit, prompting the HRD ministry to issue directives that schools should not be run in them.

In a big relief for home buyers, the Supreme Court has cancelled registration of Amrapali under RERA, thereby banning the real estate company from undertaking any housing project even in future. The Enforcement Directorate has filed a criminal case of money laundering. 

Allegations are that engineers at Bengaluru Water Supply and Sewerage Board (BWSSB) have a nexus with civil contractors and get 2 % cut (commission) from all tenders.