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1. WISH TOWN, NOIDA. A sprawling 1,063-acre property development located in Noida, just outside New Delhi, Wish Town was supposed to give would-be home buyers sparkling shopping malls, pristine golf courses and modern medical clinics. Apartments that should have been delivered by 2012 were billed in the media as “global homes with an Indian address.” Today the area is dotted with unfinished apartment blocks, abandoned part way through construction. Dilapidated buildings stand vacant, with overgrown bushes instead of manicured lawns. Most of the streets are empty of cars and people, aside from a few security guards. 2. AMARAPALLI GROUP. The Supreme Court Tuesday cancelled the registration of all Amrapali group of companies under the Real Estate Regulatory Authority and the lease of its properties granted by Noida and Greater Noida authorities. The court also asked the Enforcement Directorate to conduct a detailed investigation against the group for diverting homebuyers’ money.
