real estate news
Odisha Real Estate Tribunal Upholds Buyer's Rights Against Delayed Possession and Lack of Amenities
The Odisha Real Estate Appellate Tribunal (OREAT) has dismissed a realtor's appeal, upholding the earlier order to compensate a homebuyer for delayed possession and lack of promised amenities.
Real Estate
Supreme Court Orders Real Estate Developers to Pay Same Interest on Delayed Possession
The Supreme Court has ruled that real estate developers who delay handing over possession must pay the same rate of interest they charge buyers for late payments. This decision aims to protect homebuyers from harassment and financial loss.
real estate news
Supreme Court Rules: Builders Must Pay Same Interest for Delayed Possession
The Supreme Court has ruled that real estate developers must pay the same 18% interest for delayed possession as they charge buyers for late payments, marking a significant victory for homebuyers.
Real Estate Mumbai
Maharashtra Consumer Commission Holds Omkar and ERA Realtors Guilty of Service Deficiency
The Maharashtra State Consumer Disputes Redressal Commission has found real estate developers Omkar Realtors & Developers and ERA Realtors guilty of deficiency in service and unfair trade practices for delayed possession of flats in the Omkar Alta Monte project.
Real Estate Maharashtra
Maharashtra Consumer Commission Orders Developers to Hand Over Delayed Flats
The Maharashtra State Consumer Disputes Redressal Commission has ordered real estate developers ERA Realtors Pvt. Ltd. and Omkar Realtors & Developers Pvt. Ltd. to hand over possession of flats in the Omkar Alta Monte project in Malad (East) along with an occupancy certificate and compensation.
Real Estate Mumbai
Maharashtra Consumer Commission Orders Handover of Delayed Flats in Omkar Alta Monte Project
The Maharashtra State Consumer Disputes Redressal Commission has ruled against real estate developers ERA Realtors Pvt. Ltd. and Omkar Realtors & Developers Pvt. Ltd., ordering them to hand over possession of delayed flats and pay compensation.
Real Estate
Karnataka RERA Orders Ozone Infra Developers to Refund Rs. 70.33 Lakhs for Delayed Possession
The Karnataka Real Estate Regulatory Authority (RERA) has directed Ozone Infra Developers to refund Rs. 70.33 Lakhs to a homebuyer for failing to deliver the apartment as per the agreed timeline.
Real Estate
Karnataka RERA Holds Real Estate Developer Accountable for Delayed Possession
The Karnataka Real Estate Regulatory Authority (KRERA) has issued a ruling against Bengaluru-based real estate developer Shriram Properties, mandating them to pay ₹12.7 lakh as compensation for delayed possession.
Real Estate Maharashtra
MahaRERA Tribunal Sentences Neptune Ventures Promoters for Delayed Possession
The Maharashtra Real Estate Appellate (MahaRERA) Tribunal has sentenced the three promoters of Neptune Ventures and Developers to three months of civil imprisonment for failing to comply with its 2021 orders to pay interest for delayed possession to a Low
Real Estate Maharashtra
Haryana Real Estate Digest: November 2024
Haryana Real Estate Regulatory Authority (Haryana RERA) orders Raheja Developers to pay interest to a homebuyer for delayed possession.
Real Estate
Karnataka RERA Orders Ozone Realtors to Address Delayed Possession and Pre-EMI Issues
The Karnataka Real Estate Regulatory Authority (KARNATAKA RERA) has issued a directive to Ozone Realtors Private Limited to resolve issues related to delayed possession and the failure to pay pre-EMI charges for a housing project in the state.
Real Estate
Karnataka RERA Finds Krishna E Campus Private Limited Liable for Delayed Possession
The Karnataka Real Estate Regulatory Authority (RERA) bench, comprising GR Reddy (Member), has issued a directive against Krishna E Campus Private Limited (KECPL) for failing to deliver possession of the flats on the promised timeline.
Real Estate Maharashtra
Maharashtra Real Estate Appellate Tribunal Orders Sunteck Realty to Pay Rs. 21 Lakhs to Homebuyer for Delayed Possession
The Maharashtra Real Estate Appellate Tribunal has directed Sunteck Realty Limited to pay Rs. 21 lakhs to a homebuyer as interest for delayed possession of a flat in Mumbai.
Real Estate Pune
Pune Builder Ordered to Pay Interest for Delay in Handing Over Flat
A Pune builder has been ordered to pay interest to a buyer for delaying the handover of a flat. The Maharashtra Real Estate Regulatory Authority (MahaRERA) has ruled in favor of the buyer, who had booked a flat in a project in Pune.
real estate news
RERA Cases Weekly Roundup: August 5 to August 11, 2024
RERA directs builders to pay interest to homebuyers for delayed possession, refund amounts paid, and imposes penalties for selling unregistered projects.
Real Estate Maharashtra
MahaRERA Directs Builder to Pay Interest to Homebuyer for Delayed Possession of Gokul Silvermist Flats
Maharashtra Real Estate Regulatory Authority (MahaRERA) has ordered M/s Heena Builders & Developers to pay interest to a homebuyer for the delay in handing over possession of three flats in Gokul Silvermist, Santacruz (West).
Real Estate
Haryana RERA Orders Ocean Seven Buildtech to Pay Interest to 15 Homebuyers for Delayed Possession
The Haryana Real Estate Regulatory Authority has directed Ocean Seven Buildtech to pay interest to 15 homebuyers for delayed possession of flats in the Expressway Towers project in Gurugram.
Real Estate Maharashtra
Adani Estates Ordered to Pay Interest to Homebuyers for Delayed Possession by MahaREAT
In a recent judgment, the Maharashtra Real Estate Appellate Tribunal (MahaREAT) has directed Adani Estates Pvt. Ltd. to pay interest to homebuyers for the delay in handing over possession.
Real Estate Maharashtra
MahaRERA Orders Aurangabad Holiday Resorts to Pay Interest to Homebuyer, Rejects Delay Excuses
The Maharashtra Real Estate Regulatory Authority has directed Aurangabad Holiday Resorts to pay interest to a homebuyer for delaying possession of a flat in their Jubilee Park project.
Real Estate Maharashtra
MahaRERA Orders Interest Compensation to Homebuyers of Indiabulls Park 2 for Delayed Possession
MahaRERA directs builder to pay interest to homebuyers of Indiabulls Park 2 for delayed possession due to slow construction and COVID-19 related extensions.