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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...- 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...
- RBI eases ECB rules, lifts borrowing limits to $1 bn from $750 mn earlierThe Reserve Bank of India has updated its External Commercial Borrowings rules. Borrowing limits have been raised, and maturity requirement...
- Flat ready but keys not handed over: Karnataka RERA rules landowner are promoters too, orders Rs 6 lakh payout to homebuyers for delayed possessionKarnataka RERA has ruled that landowners are also considered promoters under the RERA Act. This decision came after homebuyers filed a case...
- Possession delay: MahaREAT asked homebuyer to pay Rs 13 lakh interest to builder despite 2.5 years delay in delivery of Rs 1.65 crore apartmentA Mumbai homebuyer will pay Rs 13 lakh net interest to a builder after deduction of his interest payment from the builder. The builder must...
- Homebuyers win MahaREAT case despite unregistered sale agreement; to get Rs 23 lakh with interest from builders for delay in possessionThe Maharashtra Real Estate Appellate Tribunal ruled that builders cannot use unregistered sale agreements as an excuse for delays. Homebuy...
- Delayed possession: Builder ordered to pay Rs 26 lakh interest compensation to homebuyer for 8-year delay in delivering Rs 32 lakh apartmentThe Walavalkar family finally secured justice after an eight-year delay in apartment possession. MahaREAT ordered the builder to pay Rs 26....
- RERA: Mumbai couple wins Rs 20.65 lakh against builder who forfeited booking amount for cancellation of the dealRERA: The Maharashtra Appellate Tribunal (MahaREAT) has ruled that a promoter cannot arbitrarily forfeit advance money paid for a flat. The...
- Homebuyers' body FPCE raises RERA functioning issues with the Ministry of HousingThe suggestion from the Forum for People’s Collective Efforts (FPCE) came at a meeting called by the ministry of housing and urban affairs ...
- Arunachal cabinet approves amendment of state industrial & investment policyThe Arunachal Pradesh cabinet has approved several amendments and policies to attract investment and promote economic development in the st...
- Mere pendency of civil suits cannot act as a legal bar on registration of real estate projects: Assam Real Estate Appellate TribunalREAT observed this on Monday while dismissing an appeal filed by a builder against a judgement, delivered by the Real Estate Regulatory Aut...
- Responsibility of builder does not end with handing over property: AREATThe order was passed by Justice (Retd.) Manojit Bhuyan, Chairperson and Onkar Kedia, Member, Assam REAT. The Assam Real Estate Appellate Tr...
- Onus on promoter to enter into agreement for sale as per prescribed form: Assam Real Estate Appellate TribunalReat was disposing of an appeal filed by a Guwahati-based promoter against an order, passed by the Real Estate Regulatory Authority (RERA),...
- Deposit Rs 32 lakh for us to consider plea against earlier order: REAT to builderThe appeal was filed by M/s Arya Erectors India Pvt. Ltd. against an order dated 21.09.2022 passed by the RERA, Assam wherein it had direct...
- Housing project will not require to be registered if it received Occupancy Certificate or deemed approval for occupation prior to Aug 1, 2017: Assam REATThe ruling was given by the Tribunal today while deciding an appeal filed by M/s. Saraighat Builders Pvt. Ltd. against a decision of the Re...
- REAT asks builder to deposit Rs 64 lakh before entertaining plea against Assam RERAThe appeal was filed by M/s Gargi & Associates Pvt. Ltd. against an order dated 02.06.2022 passed by the RERA, Assam wherein the RERA, Assa...
- Tax coffers hint at green shoots in Karnataka realty marketStamp duty and registration fee collections in key cities, including Bengaluru, have shown a clear increase in October from the year-ago pe...
- Reat estate, liquor out of GST as influential people run them: Manish Sisodia"I also wrote to all finance ministers on this issue, but my opinion was actually rejected by Council meeting of GST," Sisodia said.
- Credit ratio improves but high debt companies continue to struggle: CrisilCrisil defines highly levearged firms as those with a debt to earnings before interest tax depreciation and amortisation (EBITDA) ratio of ...
- Robert Vadra was used as a shield for other land deals: Ashok KhemkaThis is not about whistle-blowing , it is about doing your duty. Everyone howsoever high, including the CM, is under the rule of law.
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