Builder-Bank Nexus In NCR: Supreme Court Seeks CBI Proposal On Probe; Flags 'Quid Pro Quo' As 60-80% Funds Released Without Single Brick Being Laid

The Supreme Court has sought proposals from the CBI and appointed an amicus curiae to address the banks-builders nexus in the NCR, concerning aggrieved homebuyers. This action highlights the court's concern over fraudulent practices in the real estate sector. The court aims to protect the interests of homebuyers who have been victims of collusion between banks and builders. The CBI's involvement underscores the seriousness of the allegations and the need for a thorough investigation. This initiative reflects the court's commitment to ensuring transparency and accountability in the real estate industry.