real estate news
Consumer Court Rejects Religious Sentiment Claim Against Non-Veg Food Delivery
A Mumbai consumer court has dismissed a claim by two vegetarians who alleged that their religious sentiments were hurt after receiving chicken momos from a popular restaurant, 'Wow Momo'. The court questioned why they ordered from a restaurant that serves both vegetarian and non-vegetarian food.
Real Estate
HRERA Awards Rs 65 Lakhs Compensation for 9-Year Delay in Flat Possession
The Haryana Real Estate Regulatory Authority (HRERA) has ordered a builder to pay Rs 65 lakh in compensation to a homebuyer for a nine-year delay in handing over a flat in Gurugram. The ruling highlights the accountability of developers and the rights of homebuyers.
Real Estate
Rise in Profits in GVA Not Translating into Higher Wages: Report
While the real estate sector saw a small rise in the share of compensation, the construction sector experienced a significant decline. The overall decrease in wage share amidst rising profits highlights growing economic inequality.
Real Estate
Wage Share Declines as Profit Share Surges in India's GVA: NAS Data
New data from the National Accounts of Statistics (NAS) reveals a growing disparity between employee compensation and business profits in India's Gross Value Added (GVA). While profits have risen sharply, wage shares have declined, raising concerns about economic inequality and consumer demand.
real estate news
RERA Impact: Homebuyer Receives Rs 65 Lakh Compensation for Over 9 Years Delay in Gurgaon Flat
A homebuyer in Gurgaon has been awarded Rs 65 lakh in compensation for a nine-year delay in the possession of a flat, thanks to a ruling by Haryana RERA. The builder's reasons, including the impact of Covid-19 and regulatory issues, were dismissed. This case sets a precedent for protecting homebuyers' rights.
Real Estate
RERA Impact: Homebuyer Awarded Rs 65 Lakh Compensation for 9-Year Delay in Gurgaon Flat Possession
A homebuyer in Gurgaon, Haryana, has been awarded Rs 65 lakh in compensation by Haryana RERA for a 9-year delay in the possession of a flat. The ruling reinforces RERA's commitment to protecting homebuyers' rights and ensuring builders adhere to agreed timelines.