Realtors unlikely to get greater shelter under insolvency

The rethink was warranted by fears that unscrupulous promoters may use any such relief to dump certain housing projects midway after grabbing profits and focus on those that, they think, will fetch greater returns, the person said. Worse, the developers can potentially siphon off funds from certain projects in some way or the other, he added.

Disclaimer : Mytimesnow (MTN) lets you explore worldwide viral news just by analyzing social media trends. Tap read more at source for full news. The inclusion of any links does not necessarily imply any endorsement of the views expressed within them.