Tue Apr 29 10:36:47 UTC 2025: ## Supreme Court Orders CBI Probe into Builder-Bank Nexus Delaying Housing Projects
**NEW DELHI** – The Supreme Court has ordered a Central Bureau of Investigation (CBI) probe into alleged collusion between builders and banks, citing widespread delays in the construction of residential projects across India. The investigation will focus on projects in Delhi, the National Capital Region (NCR), Mumbai, Chandigarh, Mohali, and Kolkata. The Court’s action follows concerns about significant delays impacting homebuyers and aims to crack down on the alleged nexus that is contributing to the problem. The CBI will investigate whether fraudulent practices or deliberate negligence by both builders and banks are responsible for the stalled projects.
First Piper 