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INDEFINITE WAIT FOR POSSESSION
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...- Psychology says most young adults learn these 10 brutal truths too late: The last one changes how you see success, happiness, and life foreverAlthough these truths may seem uncomfortable at first, they can be surprisingly liberating. When people let go of the need for perfection, ...
- Quote of the Day: "The future starts today, not tomorrow" what Pope John Paul II knew that most people never learn - here's the wisdom that can change how you live todayQuote of the Day: "The future starts today, not tomorrow" carries a timeless success mindset. Pope John Paul II understood what modern prod...
- 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...
- There are bulls and bears, and also ducks. When Warren Buffett warned against being a stock market duckWarren Buffett mentioned a metaphor that should haunt every investor who has ever felt clever during a rising market: The preening duck tha...
- Supreme Court seeks timeline for CBI probe into NCR housing projectsThe Supreme Court has issued a decisive order for the CBI to outline a clear timeline for its investigation into numerous real estate devel...
- NCDRC directs Raheja Developers to pay Rs 1.19 crore to man for delay in delivery of villa"The Opposite Party shall also pay Rs 50,000 as litigation costs to the complainant. Payment shall be made within six months of this order....
- Second-hand flat buyers have same rights as original allottees: Supreme CourtSuch a conclusion would be arbitrary, given that there may be a large number — possibly thousands — of flat buyers waiting for their promis...
- NCDRC orders Nexgen Infracon to refund 29 buyers' money with 12% interestThe case was filed by 29 home buyers of Mahagun Mezzaria situated in Sector 78, Noida. Most of the buyers had booked apartment in 2013 and ...
- Consumer commission asks CHD Developers to refund Rs 3.4 crore to home buyers, give compensationThe complainants had booked residential flats with CHD Developers in its housing project 106 Golf Avenue, which was to be constructed in Se...
- Buyers can't be made to wait indefinitely, says Delhi consumer forum; asks Unitech to refund Rs 33 lakhIt directed Unitech to refund Rs 33.59 lakh paid by Surhid Bhandari within 45 days along with simple interest at 10% per annum for the seve...
- Buyers cannot be made to wait indefinitely: Delhi consumer court to UnitechIt directed Unitech to refund Rs 9,79,326 lakh paid by Gurgaon resident Ravinder Midha within 45 days along with simple interest at 10 per ...
- Home buyers can seek refund if flat delayed beyond 1 year: NCDRCBuyers forced to wait for over a year for flats can now claim refund from builders.
- Supreme Court empowers home buyers to claim refundsRERA is a buyer-centric law where if a builder fails to deliver a project within the prescribed time frame then the buyer has a right to ca...
- Buyer can't wait indefinitely for flat, says SC on seven-year delayThe court said a buyer cannot be required to wait indefinitely for possession of his house.
- Homebuyers can't wait indefinitely for possession: NCDRCHome buyers cannot be made to wait indefinitely for possession of flats booked by them, the NCDRC said as it asked a private builder to ref...
- NCDRC asks Unitech to refund Rs 41 lakh to buyerIt also said that despite receiving almost 95 per cent of the amount, the firm failed to deliver the possession of the apartment.
- Home buyer can't be expected to wait indefinitely, says NCDRCNCDRC has asked Unitech Ltd to refund Rs 49,96,220 along with a cost of Rs 10,000 to south Delhi resident after noting that firm cannot off...
- Home buyers face steep rents, steeper EMIs and an indefinite wait for possessionAn average delay of 2-3 years is symptomatic of the deep malaise in the real estate industry in NCR today.
- Baba Ramdev satyagraha: Back-channel talks onThough there are no official meetings scheduled between the two sides, sources said "talks are one and it is not necessary to meet for hold...
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