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BUILDER BUYER AGREEMENTS
Builder delayed society formation for 9 years, Homebuyers took matters into their own hands; Bombay HC backs residentsThe Bombay High Court has ruled in favor of homebuyers, allowing them to form a single housing society for a multi-tower project. The court...- Sold, or just shipped? How sales figures can be manipulated – and how you can spot itGoods left the warehouse. The invoice went out. So it must be a sale, right? Not always. Under the rules, a sale counts only when the custo...
- Homebuyer wins full refund with Rs 1.57 crore interest in MahaREAT as builder delays possession by 3 years, citing MHADA-MCGM disputeHomebuyers have won a significant victory as MahaREAT ruled a builder cannot use inter-authority disputes to justify possession delays exce...
- ET Prime Special Series: Multibagger or IBC - Part 59: Japan taught it. Tata bought it. Now EVs will test this auto ancillaryThis is a story about a company that is simultaneously an asset and an anomaly. An asset because it builds a tangible, necessary product, g...
- Booked flat for Rs 24 lakh in 2010, paid Rs 40 lakh over time, still no possession in 2026; homebuyers awarded full refund and Rs 2.5 lakh compensation eachThe case dates back to 2010 when the two homebuyers had made bookings for 3BHK flats in a housing society project initially proposed in Noi...
- Booked flats in 2005, still awaiting possession: Builder ordered to pay 10.05% interest to homebuyers for nearly 20-year delayThe Bombay High Court, in its ruling, said a builder can’t indefinitely retain purchasers’ money while failing to deliver homes. For the de...
- Property buyers alert: Verify carpet area on UPRERA portal and don’t buy apartment on the basis of super area, advises UPRERA AuthorityUP RERA is strongly advising homebuyers to purchase properties based on carpet area, not super built-up area. This ensures buyers pay only ...
- Noida Sports City revival helps developer to launch new projects amid constraints in land supplyNoida is gearing up for a transformation with the revival of its stalled Sports City projects! Thanks to the Supreme Court's recent decisio...
- For 13 years a builder failed to redevelop a 70-year-old housing society so a new builder was appointed, the old builder objected, but HC favored residentsThe Bombay High Court has backed housing society members in a redevelopment dispute. A builder delayed a project for 13 years, prompting th...
- Builder delayed possession and charged Rs 75 lakh extra on the basis of super area instead of carpet area; homebuyers partly win case in Punjab RERA for delayed possessionHomebuyers in Amritsar received partial victory from Punjab RERA regarding delayed possession. The authority ordered the builder to pay int...
- Parking space dispute: What national building code says & what you can doHomeowners facing inadequate parking spaces from builders have recourse beyond RERA, which doesn't mandate specific parking dimensions. Whi...
- Builder denied proper parking? Know your rights under RERA & key court rulingsHomebuyers facing parking disputes with builders now have legal recourse. Judicial precedents and RERA guidelines offer clarity on issues l...
- Big win for homebuyers after 10-year wait: Haryana RERA directs Gurugram-based builder to pay 10.80% interestHRERA, in its April 7 order, ruled in favour of two allottees who had lodged a complaint against M/s KNS Infracon Pvt Ltd and its associate...
- Model builder-buyer agreement: Buying a home can get easier soon; here’s whyAmong other things, the government has decided to set up a committee to work on a model buyer agreement in order to speed up the home-buyin...
- Model builder-buyer agreement: Important matter in public interest says SC, seeks Centre's replyEarlier in October, the Supreme Court had said it is important for the country to have a model builder-buyer agreement in the real estate s...
- Important for country to have model builder-buyer agreement, says SC; seeks Centre's reply“It is very important for consumer protection, because builders try to put any number of clauses in the agreement which common people may n...
- SC adjourns plea seeking directions to Centre for model builder buyer agreementThe petitioner sought direction from the apex court to protect the rights and interests of customers, in the spirit of aims and objects of ...
- Direct centre to frame builder-buyer, agent-buyer agreements: Plea in SCAll the states should also enforce Model Builder Buyer Agreement and Model Agent Buyer Agreement and take appropriate steps to avoid mental...
- Only builder-buyer agreement can protect your rightsBuyers must read this document carefully as the terms and conditions mentioned will help to ensure that your rights are protected and you g...
- Builder-buyer agreements normally in favour of builders: NCDRCNCDRC said that if builders exercise their right to charge penalty in case of delayed payments, the same must be applicable in case the bui...
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