 "Jaypee")
As widely reported, the state-owned National Buildings Construction Corporation (NBCC) is in talks with Jaypee Infratech’s Committee of Creditors as a strong potential suitor for taking over its business. Its homebuyers have been left in the lurch, and the government is rightly trying to ameliorate their lot through sweeteners for the potential suitor, so that the half-built flats can be completed and work can be started on those that are yet to take off. This article, however, is not about the plight of homebuyers abandoned by unscrupulous developers but about the “benami” properties and their deleterious effect on the economy.
Disclaimer: These are personal views of the writer. They do not necessarily reflect the opinion of www.business-standard.com or the Business Standard newspaper
