RERA Tribunal still has no full-time judge to hear home-buyers’ grievances
While Gujarat govt drags its feet on appointing presiding officer for RERA Tribunal set up 3 years ago, it has given one-year extension to Food Safety tribunal president who is currently handling RERA cases. The government said it will allocate separate building for the tribunal.
Reduced interest rate on land dues to benefit homebuyers and developers: UP RERA
In the recommendation, UP RERA has said the dues should be r...
Mumbai property registration dips in August ahead of stamp duty reduction
According to officials, the collections could have been better than...
Noida: Over Rs 250 crore sops offered to 16 builders of incomplete projects
On an average, a developer will get a rebate of Rs 16.46 crore over their dues and should be in a position to pass on the benefits to 22,064 buyers who have been waiting for the past eight to nine years in the hope of getting possession.
25 years on, builder ordered to refund Rs 5 lakh with Rs 14 lakh interest
Twenty-five years after a man partly paid for a flat at Airoli, the national consumer commission ordered a builder to refund Rs 5 lakh along with an interest of Rs 14.5 lakh to him. Buyer had booked the flat around July 1995 and paid Rs 8 lakh in two transactions.
FIR filed against directors of CHD Developers for 'cheating buyers'
The project, CHD Vann, was launched by CHD Developers in 2014 and the possession was due in 2017. In their complaint, homebuyers alleged that the developer collected around Rs 224 crore from 250 homebuyers, but spent only Rs 80 crore for buying land and construction work.
Homebuyers back in realty market but plan to cut budgets by 10-30%: Survey
Out of the total respondents seeking to cut budget, a substantial 56% were looking to reduce their budget by over 20%. 32% indicated that they are trying to cut their home buying budget by 11-20%. This may lead to demand for smaller homes.
In bid to boost realty, Maharashtra cuts stamp duty for 7 months
The state cabinet also approved a Rs 700 crore road tax waiver plan for commercial vehicles to compensate for losses the transport industry suffered in the lockdown. The reduction in stamp duty, though temporary, could be substantial for a prospective home buyer.
Builder defied deal? Homebuyers have to approach UP-Rera again
UP-Rera member Balvinder Kumar said a complainant is given two options on the regulatory body’s website — a buyer can either file a case through a conciliator, which is free of cost, or make a direct appeal to get the case heard in the Rera court.
Noida: Pay service tax with dues, Amrapali buyers told
Buyers, however, have argued they be charged GST instead. They have written to the court receiver, urging that they be charged the prevailing GST at the rate of 1-5% for flats in the affordable category.
At Jaypee Wish Town, registrations can now begin for completed flats
The letter inviting registration of flats also includes guidelines to be observed as precautions for Covid-19. According to the guidelines, only the allottee and co-allottee are to be present for the registration formalities in Sector 128 office.
BPTP Spacio buyers to approach H-RERA as builder seeks escalation fee
Buyers plan to request authorities to look into the matter and help expedite payment of 12% of the cost as delayed penalty for those who have paid 95% or above of the cost, as well as zero escalation charge. The project was launched in 2010.
Over 40,000 Amrapali homebuyers to start paying remaining amount from August
In the latest order dated July 10, SC had directed all the homebuyers to make the payment in accordance with the fund flow requirement of the NBCC. The new payment schedule has come in the wake of protest by homebuyers.
If buyers want Jaypee Knights Court can also be completed under supervision: UP-RERA
“The construction will start soon. If this arrangement works smoothly, we can offer a similar solution for Knights Court, but there has to be a consensus among buyers for such a demand,” said RD Paliwal, conciliator at UP-Rera.
Ask NBCC to start work on Wish Town project: Buyers to SC
A group of Wish Town buyers urged the Supreme Court on Wednesday to direct the National Company Law Appellate Tribunal (NCLAT) to persuade state-run NBCC to immediately start construction in the Wish Town project and complete around 20,000 pending flats at the earliest.