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HOMEBUYER COMPENSATION
Paid Rs 14.51 lakh for a home in Gurugram, buyer finds no progress at construction site as builder lost registration; HRERA directs refund with 10.80% interestAccording to the complaint made by the homebuyer, he has made a payment of Rs 14.51 lakh till now, which amounts to almost 50% of the total...- 5069 sq ft advertised, 3900 sq ft delivered : Telangana RERA orders Rs 20 lakh refund for homebuyer and Rs 98 lakh penalty for builder. Know what happenedAs per the sale agreement, the villa measured 5069 square feet, but the builder delivered a 3900 square feet villa and said 30% of the area...
- AI boom heats up Bay Area housing market as wealthy buyers drive demand for high-end homes across USHigh-income earners, many of them employees at AI companies, are snapping up multimillion-dollar houses in the San Francisco Bay Area, unda...
- Builder must fix recurring water leakage permanently, but homeowner can't dictate which contractor or brand to use: Karnataka RERA gives relief to Bengaluru top-floor flat ownerFrustrated with repeated water leakage issue in top floor flat homeowner requested building to appoint Dr Fixit and Asian paints to fix it;...
- Dubai-based homebuyer cancels 2 Mumbai flats after long delay, but builder kept him waiting for refund and wanted to deduct charges: MahaREAT orders full refund + Rs 1.33 crore in interestDubai based homebuyers books two flats in Mumbai from Dubai office in Sheikh Zayed Road of Sion, Mumbai based builder; but builder delays p...
- Why rising Treasury yields are becoming a growing risk for the US economyA sell-off in U.S. Treasuries has pushed yields higher, raising borrowing costs for households, companies and the federal government. Highe...
- Who pays for repair of leakage from a neighbour's bathroom? Maharashtra co-op court clarifies housing society's liabilityLeakage in concealed plumbing lines of 1st floor bathroom led to ground floor residents facing water leakage; Maharashtra court rules housi...
- Builder forfeited homebuyers' earnest money after they questioned poor construction quality; HC orders Rs 18 lakh refund with 6% interestBuilder used coercive bargaining and paid Rs 18 lakh less as refund to homebuyers for cancellation of allotment under full and final settle...
- Faulty terrace repairs flooded two flats; Maharashtra court awards senior citizen Rs 3.96 lakh compensationSenior citizen to get Rs 3.96 lakh from housing society after housing society's faulty terrace repairs caused water leakage in his two flat...
- Gurgaon-based real estate company ordered to pay Rs 23 lakh compensation to buyers over delayed flat possession by Haryana RERAIn a recent ruling, Rera instructed Pareena Infrastructure to compensate two homebuyers with Rs 23 lakh for the extended delays in deliveri...
- More than 2-year delay in getting possession of the apartment, yet no compensation from MahaRERA; Know how accepting possession without protest hurt homebuyer's delayed compensation pleaHomebuyersgot no compensation for more than 2-year delay in possession of flat, MahaRERAorder; Know how accepting possession without protes...
- Nagpur woman loses Rs 6.93 lakh in online scam, files complaint against bank, wins back money with 9% interest and additional Rs 35000A Nagpur woman who lost Rs 6.93 lakh in a FedEx parcel scam won a consumer court case against ICICI Bank. The commission ordered the bank t...
- Delhi couple repays Rs 1.41 crore loan and finds out Axis Bank lost their property papers; they file complaint and win this much compensationAxis Bank misplaced a Delhi couple's original property papers, which they found out after closing their Rs 1.41 crore loan account. They th...
- Homebuyer booked flat for Rs 18 lakh in 2010, later finds builder sold the flats to third party: Mumbai man wins full refund with interest, penalty on developerHomebuyer wins full Rs 18 lakh refund in Mumbai: While the developer issued an allotment letter dated August 16, 2010, it failed to provide...
- Housing society asks homebuyer to pay previous owner's maintenance dues of Rs 80,000; experts explain what you should do in this situationHomebuyer asked to pay previous owner's dues of Rs 80,000: In his Reddit post, a homebuyer shared that the previous owner had around Rs 80,...
- SC gives Parsvnath Developers one week to deposit dues to homebuyers, warns next step is jailThe Supreme Court gave Parsvnath Developers one final week to deposit homebuyers' dues. This deposit must include the entire amount along w...
- Karnataka comes up with draft apartment law to mandate safety audits, streamline ownershipKarnataka has unveiled a draft bill to modernize apartment ownership and management laws. This legislation aims to replace outdated acts an...
- Bought a new apartment but facing structural, workmanship, or quality issues? Builders must repair it within 30 days if... Know your rights under RERABuilders must repair structural and quality defects within five years of possession. Homebuyers can report issues and expect repairs within...
- Homebuyer paid for a flat in a Delhi housing society in 2003, got delayed possession, sought compensation for delay; SC defends his rightThe SC said that the homebuyer can make a claim for compensation for delayed possession. “The subsequent receipt of possession cannot, by i...
- Homebuyer can seek compensation for delayed delivery after taking possession: SCHomebuyers can pursue compensation for delayed flat delivery even after taking possession, the Supreme Court ruled. The apex court overturn...
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