Homebuyers Failed To Make Timely Payment, MahaRERA Orders Homebuyers To Pay Dues To Builder With Interest
8 months, 1 week ago

Homebuyers Failed To Make Timely Payment, MahaRERA Orders Homebuyers To Pay Dues To Builder With Interest

Live Law  

Maharashtra Real Estate Regulatory Authority bench, comprising Mahesh Pathak, has directed homebuyers to pay the remaining amount with interest to Kapstone Constructions Private Limited, the builder, after they failed to make payment as per the terms and conditions of the agreement for sale. Aggrieved by the delay in payment from the homebuyers, the builder filed a complaint before the authority seeking payment of the outstanding dues and holding the homebuyers accountable for violating sections 19, 19, and 19 of the Real Estate Act, 2016. Rights and Duties of Allottees “Every allottee, who has entered into an agreement for sale to take an apartment, plot or building as the case may be, under section 13, shall be responsible to make necessary payments in the manner and within the time as specified in the said agreement for sale and shall pay at the proper time and place, the share of the registration charges, municipal taxes, water and electricity charges, maintenance charges, ground rent, and other charges, if any.” The authority held that homebuyers, being the allottees of this project, are liable to make payment in accordance with the terms and conditions of the agreement for sale. Therefore, the Authority directed homebuyers to make payment of the outstanding dues with interest to the builder within 30 days.

Homebuyers Sale Pay Payment Agreement Rera Builder Authority Rs Failed  builder  sale  orders  agreement  terms  interest  authority  rs  failed  dues  timely  homebuyers  project  charges  pay  maharera  payment

History of this topic

WBREAT Directs Builder To Pay Interest To Homebuyer For Delayed Possession And Hand Over Flat With Car Parking Space
2 months, 1 week ago

WBREAT Directs Builder To Pay Interest To Homebuyer For Delayed Possession And Hand Over Flat With Car Parking Space

Live Law  

West Bengal Real Estate Appellate Tribunal, comprising Justice Rabindranath Samanta, Gour Sunder Banerjee and Dr. Subrat Mukherjee has provided relief to a homebuyer who purchased a 1,219 sq. The Tribunal directed the builder to hand over possession of the flat with the car parking space and pay interest to the homebuyer for the delay in possession. Background Facts The homebuyer …

Telangana RERA Orders Refund To Homebuyer And Imposes Rs 9.96 Lakh Penalty On Hyderabad-Based Builder For Selling Unregistered Project
2 months, 1 week ago

Telangana RERA Orders Refund To Homebuyer And Imposes Rs 9.96 Lakh Penalty On Hyderabad-Based Builder For Selling Unregistered Project

Live Law  

Telangana Real Estate Regulatory Authority bench, comprising Justice Dr. N. Satyanarayana, K. Srinivasa Rao and Laxmi Narayana Jannu directed the Hyderabad based builder named Krithika Infra Developers to refund the amount paid by the homebuyer for purchasing the flat. 9.96 lakh on the builder for marketing, advertising and selling the unregistered project to the homebuyer. The homebuyer further contended that …

WBREAT Directs Builder To Hand Over Possession Of Flat To Homebuyer And Pay Interest For Delay
2 months, 2 weeks ago

WBREAT Directs Builder To Hand Over Possession Of Flat To Homebuyer And Pay Interest For Delay

Live Law  

West Bengal Real Estate Appellate Tribunal, comprising Justice Rabindranath Samanta, Gour Sunder Banerjee and Dr. Subrat Mukherjee has directed the builder to hand over possession of the flat after obtaining the completion certificate from the relevant authority and pay interest to the homebuyer for the delay in possession. Background Facts The homebuyer purchased a flat with a car parking space …

Haryana RERA Orders Agrante Developers To Refund Amount Paid By Homebuyer
Trending News
2 months, 3 weeks ago

Haryana RERA Orders Agrante Developers To Refund Amount Paid By Homebuyer

Live Law  

Haryana Real Estate Regulatory Authority bench, comprising Arun Kumar, has directed Agrante Developers to refund Rs.9.47 Lakhs with interest to homebuyer who purchased a flat in their Beethoven's 8 Project. On April 24, 2015, the builder issued an allotment letter in favor of the homebuyer under a subvention scheme requiring him to pay 10% upfront while the remaining amount was …

Haryana RERA Directs Ocean Seven Buildtech To Pay Interest To Seven Homebuyers For Delayed Possession
Trending News
2 months, 3 weeks ago

Haryana RERA Directs Ocean Seven Buildtech To Pay Interest To Seven Homebuyers For Delayed Possession

Live Law  

Haryana Real Estate Regulatory Authority bench comprising Arun Kumar, Ashok Sangwan and Vijay Kumar Goyal has directed Ocean Seven Buildtech to pay interest to the seven homebuyers of the Golf Heights project located at Sector 69, Gurugram for the delay in handing over possession. Background Facts Seven homebuyers purchased flats in the builder's Affordable Housing project named Golf Heights, located …

Haryana RERA Directs Ansal Builders To Hand Over Possession And Pay Interest For Delay
2 months, 3 weeks ago

Haryana RERA Directs Ansal Builders To Hand Over Possession And Pay Interest For Delay

Live Law  

Haryana Real Estate Regulatory Authority bench, comprising Ashok Sangwan has directed M/s Ansal Townships Infrastructure Private Limited to hand over possession within two months after obtaining the occupancy certificate and pay interest to the homebuyer for the delay in handing over possession. Authority noted that although the builder was supposed to hand over possession by 19.11.2017 as per Clause 5.1, …

Delay Of More Than 2.7 Years In Completing Construction Of Project, Haryana RERA Orders Raheja Developers To Refund Rs. 27.98 Lakhs To Homebuyer
Trending News
3 months, 1 week ago

Delay Of More Than 2.7 Years In Completing Construction Of Project, Haryana RERA Orders Raheja Developers To Refund Rs. 27.98 Lakhs To Homebuyer

Live Law  

Haryana Real Estate Regulatory Authority bench, comprising Ashok Sangwan, has directed M/S Raheja Developers Limited to refund ₹27.98 Lakhs with interest to homebuyer who purchased a flat in their Raheja Maheshwara Project. Background Fact The homebuyer booked a flat in the builder's project named Raheja Maheshwara, located at Sector 11 and 14, Sohna, Gurugram by paying Rs. Homebuyer repeatedly contacted …

Inordinate Delay Of More Than 10 Years, Haryana RERA Directs Ansal Builders To Refund 1.07 Crores To Homebuyer
3 months, 1 week ago

Inordinate Delay Of More Than 10 Years, Haryana RERA Directs Ansal Builders To Refund 1.07 Crores To Homebuyer

Live Law  

Haryana Real Estate Regulatory Authority bench comprising Ashok Sangwan has directed M/s Ansal Housing and Constructions Limited to refund Rs. 1.07 crores with 11.10% interest to the homebuyer after facing an inordinate delay of more than 10 years in receiving possession of the flat. According to the final Floor Buyer's Agreement the builder was supposed to hand over possession of …

Karnataka RERA Holds Shrivision Homes Liable For Delayed Possession, Orders 30.2 Lakhs Interest To Homebuyer
3 months, 2 weeks ago

Karnataka RERA Holds Shrivision Homes Liable For Delayed Possession, Orders 30.2 Lakhs Interest To Homebuyer

Live Law  

Karnataka Real Estate Regulatory Authority bench, comprising GR Reddy, has directed M/S Shrivision Homes Pvt. Background Facts Homebuyer booked a flat in the Tower 5 of builder's project named Shriram Chirping Woods located at Bengaluru Urban District. Observation and Direction by Authority The authority observed that despite entering into a sale and construction agreement to hand over possession of the …

Karnataka RERA Orders Dharwad-Based Builder To Refund ₹38.8 Lakhs To Homebuyer Due To Delay
3 months, 2 weeks ago

Karnataka RERA Orders Dharwad-Based Builder To Refund ₹38.8 Lakhs To Homebuyer Due To Delay

Live Law  

Karnataka Real Estate Regulatory Authority bench comprising Neelmani N. Raju has directed the Dharwad-based builder named Skytown Builders and Developers to refund ₹38.8 lakhs to the homebuyer after the builder failed to provide possession of the flat on time. Background Facts The homebuyer booked a residential flat on the ground floor in the builder's project named Skytown Luxuria for a …

REAL ESTATE WEEKLY ROUND UP: DECEMBER 2 – DECEMBER 8
3 months, 2 weeks ago

REAL ESTATE WEEKLY ROUND UP: DECEMBER 2 – DECEMBER 8

Live Law  

Haryana Real Estate Regulatory Authority Haryana RERA Directs Anant Raj Builders To Pay Interest, Execute Conveyance Deed In Favor Of Homebuyer Case – Mohit Bansal Versus M/s. Delhi State Commission Failure To Meet Contractual Obligations: Delhi State Commission Holds TDI Infrastructure Liable For Deficiency In Service Case Title: Mr. Raman Singla Vs. TDI Infrastructure Ltd Case Number: C.C. 875/2018 The …

Telangana RERA Permits Association Of Homebuyers To Take Over Project Due To Builder's Failure
3 months, 2 weeks ago

Telangana RERA Permits Association Of Homebuyers To Take Over Project Due To Builder's Failure

Live Law  

While invoking Section 8 of the Real Estate Act, 2016, the Telangana Real Estate Regulatory Authority bench comprising Justice Dr. N. Satyanarayana, K. Srinivasa Rao, and Laxmi Narayana Jannu permitted the Association of Homebuyers to take over the project and complete it within eight months. Being Aggrieved, the homebuyers filed a complaint before the authority seeking possession and a direction …

Haryana RERA Directs Anant Raj Builders To Pay Interest, Execute Conveyance Deed In Favor Of Homebuyer
3 months, 3 weeks ago

Haryana RERA Directs Anant Raj Builders To Pay Interest, Execute Conveyance Deed In Favor Of Homebuyer

Live Law  

Haryana Real Estate Regulatory Authority bench comprising of Ashok Sangwan has directed M/s. Anant Raj Ltd to pay interest for delay and execute conveyance deed in the favour of Homebuyer. Aggrieved by the delay the homebuyer filed a complaint before the authority seeking possession, interest for the delay, a refund of the PLC charges and execution of the conveyance deed …

Maharashtra RERA Holds Spenta Enclave Liable For Delay, Orders Interest To Homebuyers
3 months, 3 weeks ago

Maharashtra RERA Holds Spenta Enclave Liable For Delay, Orders Interest To Homebuyers

Live Law  

While allowing the complaints of Two homebuyers, Maharashtra Real Estate Regulatory Authority bench comprising of Manoj Saunik directed Spenta Enclave to pay interest to the homebuyers for the delay in handing over possession of the flat. Background Facts Homebuyers purchased their respective flats in the builder's project named Altavista - Phase 1, located at Kurla, Mumbai Sub Urban. Observation and …

Maharashtra RERA Directs Godrej Properties To Refund Booking Amount Paid By Homebuyer
4 months ago

Maharashtra RERA Directs Godrej Properties To Refund Booking Amount Paid By Homebuyer

Live Law  

Maharashtra Real Estate Regulatory Authority bench comprising Mahesh Pathak has directed Godrej Properties Limited.to refund the amount paid by the homebuyer after deducting 2% of the total consideration. Background Facts Homebuyer purchased a flat in the builder's project named Godrej Greens situated at Pune by paying the booking amount of Rs.3,89,604/-. On 26 September 2020, Homebuyer mailed builder to cancel …

TSRERA Orders Refund To Homebuyer Who Paid Builder Without Verifying Project Registration, Refuses To Provide Interest
4 months, 1 week ago

TSRERA Orders Refund To Homebuyer Who Paid Builder Without Verifying Project Registration, Refuses To Provide Interest

Live Law  

Telangana Real Estate Regulatory Authority bench comprising Justice Dr. N. Satyanarayana, K. Srinivasa Rao and Laxmi Narayana Jannu directed the builder to refund the initial amount paid by the homebuyer for purchasing a flat in the builder unregistered project. Authority refused to provide interest on the amount holding that it was the homebuyer duty to perform due diligence before making …

WB REAT Upholds Authority's Decision Directing Builder To Refund ₹11 Lakh To Homebuyer, Initiates Proceedings For Selling Unregistered Project
4 months, 2 weeks ago

WB REAT Upholds Authority's Decision Directing Builder To Refund ₹11 Lakh To Homebuyer, Initiates Proceedings For Selling Unregistered Project

Live Law  

While upholding the West Bengal Real Estate Regulatory Authority order directing the builder to refund the homebuyer's paid amount of Rs. 11,00,000/- with interest, West Bengal Real Estate Appellate Tribunal bench, comprising Justice Rabindranath Samanta, Gour Sunder Banerjee, and Dr. Subrat Mukherjee, initiated proceedings against the builder for violating Section 3 of the Real Estate Act, 2016. The Tribunal also …

WB REAT Directs Builder To Pay Settlement Of Over ₹2 Crores To Homebuyer For Failure To Deliver Possession Since 2017
4 months, 2 weeks ago

WB REAT Directs Builder To Pay Settlement Of Over ₹2 Crores To Homebuyer For Failure To Deliver Possession Since 2017

Live Law  

West Bengal Real Estate Appellate Tribunal bench, comprising Justice Rabindranath Samanta, Gour Sunder Banerjee, and Dr. Subrat Mukherjee, disposed of the appeal after the builder made the fifth and final installment to the homebuyer as part of the settlement agreement. Instead of disposing of the appeal on the date the settlement agreement was reached, the Tribunal monitored the builder's installment …

Telangana RERA Orders Refund To Homebuyers Of Jaya Gold And Imposes Penalty On Jayathri Infrastructures For Selling Unregistered Project
7 months, 1 week ago

Telangana RERA Orders Refund To Homebuyers Of Jaya Gold And Imposes Penalty On Jayathri Infrastructures For Selling Unregistered Project

Live Law  

Telangana Real Estate Regulatory Authority bench, comprising Justice Dr. N. Satyanarayana, K. Srinivasa Rao, and Laxmi Narayana Jannu, directed M/s Jayathri Infrastructures India, the builder, to refund the amount paid by the Four homebuyers of Jaya Gold for their respective flats. Additionally, the Authority imposed a penalty of ₹9.78 Lakh on the builder for marketing, advertising, and selling the unregistered …

Karnataka RERA Orders Shrivision Towers To Pay Interest To Homebuyer For Delayed Possession
7 months, 2 weeks ago

Karnataka RERA Orders Shrivision Towers To Pay Interest To Homebuyer For Delayed Possession

Live Law  

Karnataka Real Estate Regulatory Authority bench, comprising Neelmani N. Raju, has directed Shrivision Towers Private Ltd., the builder, to pay interest to the homebuyer for failing to hand over possession of the flat on time. Therefore, feeling aggrieved, the homebuyer filed a complaint before the authority seeking interest for the delayed possession. Observation and Direction by Authority The Authority observed …

MahaRERA - Homebuyers Accepting Partial Refund From Builder Without Interest Can't Later Seek Refund With Interest
8 months ago

MahaRERA - Homebuyers Accepting Partial Refund From Builder Without Interest Can't Later Seek Refund With Interest

Live Law  

While rejecting the homebuyers' request for a refund with interest, who had accepted a partial refund of 15 lakhs from the builder without interest, Maharashtra Real Estate Regulatory Authority bench, comprising Mahesh Pathak, held that homebuyers accepting a partial refund amount from the builder without interest cannot later seek a refund with interest under Section 18 of RERA, 2016. Aggrieved …

Haryana RERA Orders Raheja Developers To Pay Interest To Homebuyer For Delayed Possession
8 months, 1 week ago

Haryana RERA Orders Raheja Developers To Pay Interest To Homebuyer For Delayed Possession

Live Law  

Haryana Real Estate Regulatory Authority bench, comprising Ashok Sangwan, has directed M/s Raheja Developers Limited, the builder, to pay interest to the homebuyer for the delay in handing over possession. According to clause 4.2 of the buyer's agreement, the builder was supposed to hand over possession within 54 months, including a 6-month grace period from the date of the agreement. …

Delay Of 4 Years In Offering Possession, Punjab RERA Orders Builder To Pay Compensation To Homebuyer For Mental Agony
8 months, 1 week ago

Delay Of 4 Years In Offering Possession, Punjab RERA Orders Builder To Pay Compensation To Homebuyer For Mental Agony

Live Law  

Punjab Real Estate Regulatory Authority bench, consisting of Balbir Singh, has directed M/s Sushma Buildtech Limited, the builder, to compensate the homebuyers for the mental agony and harassment endured due to a four-year delay in offering possession. Background Facts The homebuyers jointly booked a flat in the builder's project Sushma Chandigarh Grande for a total sale consideration of Rs. Observation …

MahaRERA – Being Aware Of Market Conditions, Builders Should Conduct Due Diligence Before Declaring Project's Possession Date
8 months, 2 weeks ago

MahaRERA – Being Aware Of Market Conditions, Builders Should Conduct Due Diligence Before Declaring Project's Possession Date

Live Law  

While directing the builder to pay interest to the homebuyer for delayed possession, Maharashtra Real Estate Regulatory Authority bench, comprising Ajoy Mehta, held that builders are aware of market conditions, therefore, they are required to conduct due diligence before declaring the possession date. If the builder fails to complete or is unable to give possession of an apartment, plot, or …

MahaRERA Orders Jayesh Buildcon To Pay Interest To Homebuyers For Delay In Handing Over Possession
8 months, 2 weeks ago

MahaRERA Orders Jayesh Buildcon To Pay Interest To Homebuyers For Delay In Handing Over Possession

Live Law  

Maharashtra Real Estate Regulatory Authority bench, comprising Mahesh Pathak, directed Jayesh Buildcon to pay interest to the homebuyer for the delay in handing over possession of the flat. Observation and direction by Authority The authority observed that the builder has completed the project and has obtained the Occupancy Certificate for the homebuyers flats on 22-11-2022 from the competent authority. The …

Haryana RERA Directs Ambience Projects To Hand Over Possession To Homebuyers, Pay Interest For Delay
8 months, 3 weeks ago

Haryana RERA Directs Ambience Projects To Hand Over Possession To Homebuyers, Pay Interest For Delay

Live Law  

Haryana Real Estate Regulatory Authority bench, comprising Sanjeev Kumar Arora, has directed Ambience Projects, the builder, to hand over possession of the flat to the homebuyer and pay interest for the delay in handing over the possession. According to Clause 11 of the agreement, the builder had to finish construction and hand over the flat within 60 months, making the …

Builder Failed To Commence Construction Even After Two Years From Agreement Date, Karnataka RERA Orders Refund To Homebuyer
9 months, 1 week ago

Builder Failed To Commence Construction Even After Two Years From Agreement Date, Karnataka RERA Orders Refund To Homebuyer

Live Law  

Karnataka Real Estate Regulatory Authority bench, comprising GR Reddy, has directed the builder to refund the amount paid by the homebuyer for a flat, as the builder failed to start construction of the project even after two years from the date of entering into the agreement for sale with the homebuyer. Furthermore, the Authority observed that as per Section 18 …

Haryana RERA Upholds Builder's Termination Of Flat Booking After Homebuyer Failed To Make Timely Payments
9 months, 2 weeks ago

Haryana RERA Upholds Builder's Termination Of Flat Booking After Homebuyer Failed To Make Timely Payments

Live Law  

Haryana Real Estate Regulatory Authority bench, comprising Ashok Sangwan, upholds the builder's termination of the flat booking after the homebuyer failed to fulfill timely payment obligations. Background Facts The Homebuyers booked a flat in the Builder's project named M3M Sky Walk, located at Sector-74, Gurugram, by signing a booking application on 09.08.2020 and by paying a booking amount of Rs. …

RERA Weekly Round Up – 27 May To 2 June 2024
9 months, 3 weeks ago

RERA Weekly Round Up – 27 May To 2 June 2024

Live Law  

Maharashtra Real Estate Appellate Tribunal MahaREAT Refuses To Adjudicate Homebuyer's Appeal Due To Ongoing Injunction Issued By Pune Civil Court Case – Kunal Kashyap & another Versus M/S Atul Enterprises The bench of the Maharashtra Real Estate Appellate Tribunal, comprising Justice Shriram R. Jagtap and Dr. K. Shivaji, refuses to adjudicate the homebuyer's appeal concerning registration of a real estate …

MahaRERA Directs Kalpataru Radiance Project To Refund Money With Interest Or Pay Monthly Interest To Homebuyers Choosing To Stay
10 months ago

MahaRERA Directs Kalpataru Radiance Project To Refund Money With Interest Or Pay Monthly Interest To Homebuyers Choosing To Stay

Live Law  

In a relief to Homebuyers, Maharashtra Real Estate Regulatory Authority Bench, comprising of Ajoy Mehta, has directed the builder to refund the amount with interest to homebuyers opting to withdraw and to pay monthly interest to homebuyers choosing to stay invested in the Kalpataru Radiance Project. Contention of Builder Homebuyers approached them to purchase the flat after the Maharashtra Housing …

Consumer Cases Weekly Round-Up: 8th to 14th April 2024
11 months, 1 week ago

Consumer Cases Weekly Round-Up: 8th to 14th April 2024

Live Law  

Himachal Real Estate Regulatory Authority Himachal RERA Grants Relief To Non-Himachali Homebuyer, Directing Builder To Refund With Interest If State Land Laws Permission Is Not Obtained The Himachal Real Estate Regulatory Authority bench comprising of Justice Dr. Srikant Badli and BC Badalia, has granted relief to a non-Himachali homebuyer under whose favor the builder was not executing a conveyance deed, …

HPRERA - Builder Cannot Demand Full Payment from Homebuyer If Project's Occupancy Certificate Has Not Been Obtained
11 months, 1 week ago

HPRERA - Builder Cannot Demand Full Payment from Homebuyer If Project's Occupancy Certificate Has Not Been Obtained

Live Law  

The Himachal Real Estate Regulatory Authority bench comprising of Justice Dr. Srikant Badli and BC Badalia, has held that a builder cannot demand full payment from the homebuyer if the Project's Occupancy Certificate has not been obtained and the construction of the flat is not complete within the agreed time for delivery of possession. HPRERA Order HPRERA, while directing the …

Haryana RERA Directs Builder To Refund The Homebuyer's Amount With Interest, Rejects Builder's Investor Argument
11 months, 2 weeks ago

Haryana RERA Directs Builder To Refund The Homebuyer's Amount With Interest, Rejects Builder's Investor Argument

Live Law  

Haryana Real Estate Regulatory Authority comprising Justice Ashok Sangwan, has directed the builder to refund the entire amount paid by the homebuyer with interest, rejecting the builder's contention that the homebuyer is not a consumer but an investor. Aggrieved by the delay, homebuyers seek to withdraw from the project, therefore, homebuyers filed a complaint before Haryana RERA seeking a refund …

Homebuyer Paid Booking Price On Spot Without Reading Terms Of Document, Karnataka RERA Orders Full Refund
11 months, 3 weeks ago

Homebuyer Paid Booking Price On Spot Without Reading Terms Of Document, Karnataka RERA Orders Full Refund

Live Law  

The Karnataka Real Estate Regulatory Authority bench, comprising of Justice Neelmani N Raju, has directed the builder to fully refund the booking price of Rs. Despite the homebuyers intention to discuss the flat model with their family members, the sales executive pressured them to pay a booking amount of Rs. The sales executive verbally assured them of positive terms, but …

MahaREAT Grants Interest To Homebuyer For Delayed Possession, Rejects Builder's Defense Of Late Approval Of Occupation Certificate
11 months, 3 weeks ago

MahaREAT Grants Interest To Homebuyer For Delayed Possession, Rejects Builder's Defense Of Late Approval Of Occupation Certificate

Live Law  

Maharashtra Real Estate Appellate Tribunal bench, comprising of Justice Shri Shriram R. Jagtap and Dr. K. Shivaji, has granted interest to homebuyer for delayed possession by rejecting the builder's contention of late approval of Occupation Certificate due to internal disputes between Maharashtra Housing and Development Authority and Municipal Corporation of Greater Mumbai regarding the issuance of approvals. REAT Verdict MahaREAT …

Proper System Available To Redress Grievances Of Home Buyer, Not Bank’s Responsibility To Get Project Completed: Delhi High Court
2 years ago

Proper System Available To Redress Grievances Of Home Buyer, Not Bank’s Responsibility To Get Project Completed: Delhi High Court

Live Law  

The Delhi High Court has said that banks cannot be loaded with the responsibility of getting the real estate projects completed and they cannot assume the role of a builder to complete the project. Noting that a well-structured regimen has been created by the Reserve Bank of India, which includes guidelines to various banks on the issue of advancing loans …

Builder ordered to pay Rs 1 lakh for delaying flat possession
4 years, 4 months ago

Builder ordered to pay Rs 1 lakh for delaying flat possession

India TV News  

The Consumer Commission has ordered a builder in Maharashtra's Thane district to pay Rs 1 lakh to a home buyer for delaying the possession of a flat. As per the complaint, the builder from Ghatkopar had floated a project called Vinayak Krupra at Titwala, in which the complainants had booked a flat for Rs 13 lakh and other miscellaneous charges …

Home Buyers To Get Refund For Delays In Projects With Interest Rate Similar To Home Loan Rate Of Nationalized Banks: NCDRC [Read Order]
5 years, 8 months ago

Home Buyers To Get Refund For Delays In Projects With Interest Rate Similar To Home Loan Rate Of Nationalized Banks: NCDRC [Read Order]

Live Law  

The National Consumer Disputes Redressal Commission in a recent order has directed a builder to refund money to home buyers for delayed projects with interest rates similar to the rate for a house building loan in a corresponding period given by scheduled nationalized bank. The complainants had pleaded for obtaining a fair amount from the builder consisting of the refund …

Force Majeure Not Ground For Builder To Seek Condonation Of Delays In Giving Possession Of Flats [Read Order]
6 years, 3 months ago

Force Majeure Not Ground For Builder To Seek Condonation Of Delays In Giving Possession Of Flats [Read Order]

Live Law  

Availability of land and approvals from competent authorities are fundamental requirements of a housing project and the responsibility of builder and non-fulfillment of its overall responsibilities of project planning, execution and completion are not grounds for condoning or overlooking delay in completion and handing over possession of residential units, the National Consumer Disputes. Availability of land and approvals from competent …

Aundh residents ‘win’ ₹8 crore refund from Pune builder
6 years, 9 months ago

Aundh residents ‘win’ ₹8 crore refund from Pune builder

Hindustan Times  

Following an order by the National Consumer Disputes Redressal Commission, a Pune builder will have to pay around ₹8.14 crore, with an additional compensation of ₹32.56 lakh, to two Aundh residents after failing to hand over a completed villa within the stipulated time. The commission directed Marvel Omega builders private limited to refund ₹ 8.14 crore, the amount that the …

Maharashtra housing regulator makes developer refund Rs 7 crore to home buyers for delay
6 years, 10 months ago

Maharashtra housing regulator makes developer refund Rs 7 crore to home buyers for delay

India TV News  

In the highest refund order since its inception, the real estate body Maharashtra Real Estate and Regulation Authority has got a builder to shell out Rs 7 crore in compensation for not handing over flats to home-buyers within the promised time. RERA officials stated in the ruling, "The complainants are entitled to get back their amount with simple interest at …

Builders should hand over flats to buyers in time, says Supreme Court
8 years, 5 months ago

Builders should hand over flats to buyers in time, says Supreme Court

Deccan Chronicle  

New Delhi: The Supreme Court on Wednesday held that a property developer cannot delay the grant of possession of flats to the buyers beyond the period of contract and if there is delay the buyers are entitled for refund of their amount. A three-judge Bench of Justices Dipak Misra, Amitav Roy and A.M. Kanwilkar ordered refund of the principal amount …

Errant builder told to pay over Rs.50 lakh to flat applicant
11 years, 11 months ago

Errant builder told to pay over Rs.50 lakh to flat applicant

India TV News  

Noida, Apr 9: A builder who failed to start a Greater Noida residential project on time has landed in trouble as a consumer court here has directed him to pay compensation of Rs.3 lakh and refund the over Rs.49 lakh cost of a flat to a complainant. "The complainant had a dream of having his own house, but it was …

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