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HOMEBUYER VERSUS BUILDER
Homebuyer paid Rs 1.73 crore for a flat in Gurgaon, builder delayed project and alleged that he booked unit for commercial gain; he fought and won the money back with 12% interestMr Rajinder Singh booked a flat in Gurgaon and was promised possession within three years. After a decade of waiting, he sought legal actio...- Builder fraud: Bombay HC denies society membership to homebuyer who was sold refuge area as residential flatsWhen Mr Sewadsha from Ghatkopar East purchased five apartments in a housing project in Bhandup he had no idea that the builder had cheated ...
- Dreaming of Rs 1 Cr home in Bengaluru? CA shares ground reality of home-buying and why people are paying more than everBengaluru's housing market is changing rapidly. The Rs 1 crore home is no longer a luxury but a starting point. Many middle-class buyers ar...
- Wife wins case against tax department after getting Rs 1.85 crore compensation from builder for construction delay; ITAT Mumbai rules in her favourA woman received Rs 1.85 crore from a builder for delayed flat construction. The tax department sought to apply Section 50C, valuing the co...
- HFCs double their share in builder loans over 4 yearsPublic sector banks’ exposure to the segment nearly halves since 2016
- Non-banks increase share of builder loans: RBI studyOver the past four years, total financing to real-estate companies nearly doubled to Rs 2.01 lakh crore, the central bank’s Financial Stabi...
- Real estate festive offers: What's on offer and what you should doWhile the festive season offers from builders helps in taking the plunge and buying the property, caution should be followed in falling for...
- Tough measures by government and builders needed to revive troubled real estate sectorTemporarily, the government can cut both short-term and long-term capital gains taxes to 15% and 10% respectively to bring in new buyers an...
- What I read this week: EMIs for homes not in sight? Kodak moment awaits top car brandsWe should be prepared for the government to announce some incentives for electric vehicles.
- Builders find giving refund on delays tough, look to finish pending projectsThe push and prod by courts is finally goading builders to find a way to complete their projects, one brick at a time.
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