The high court upheld the decision of the Appellate tribunal by directing the builder to deposit the 50% of the refund amount as ordered by the authority in order to hear the plea.
If there is no assured return plan incorporated into the builder buyer agreement entered into between the homebuyer and builder then the homebuyer had to approach RERA to seek refund.
Homebuyers to file the claim under IBC rather than adopting a way which is not legally realistic wherein the insolvency orders are passed against the builder’s company.
The authority has received close to 1,150 complaints from the district of Gurugram against builders for delay in various projects. In lieu of the same in September alone the authority has issued notices to almost 52 builders.
The Real Estate Regulatory Authority in Karnataka has come under fire from the aggrieved home buyers who have been left at the mercy of the builders. The Real Estate Regulation and Development act, 2016 under Section- 84 empowers the state to make rules in furtherance of the Act in order to implement the provisions of … Continue reading “Homebuyers left in lurch in Karnataka”
The grievances of the homebuyers who have already taken the possession will be entertained by the AGRF now as the matters related to delay in possession of ongoing projects is under the purview of HRERA.
The district administration of Gurgaon has revised its circle rates and the same will come into effect from Monday, February 12, 2018.
In the first place up, give yourself a pounding pat on the back. You will go down as an extraordinary year in the historical backdrop of India’s lodging market.
The State Government of Uttar Pradesh has beefed up to provide abetment to the bankrupt homebuyers who have invested their life’s saving.