Real Estate Pune
Ghaywal Brothers and Gang Seize 10 Kothrud Flats at Gunpoint: Police Case Registered
The Kothrud police in Pune have registered a case against gangster Nilesh Ghaywal, his brother Sachin Ghaywal, and eight others for seizing control of 10 flats in a privately-owned building through an extortion racket.
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
UP RERA Resolves 76% of Complaints: Addressing Housing Delays and Possession Issues
Uttar Pradesh RERA has successfully resolved 76% of the complaints it received this year, with the majority of issues related to housing project delays and possession problems. The key real estate hubs of Lucknow, Ghaziabad, Gautam Buddha Nagar, Varanasi, and Meerut account for the majority of these complaints.
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 Mumbai
Renting Out Property? Beware of Losing Ownership After 12 Years
Tenant occupancy laws in major metropolitan cities like Mumbai and Delhi can result in tenants claiming ownership after 12 years of continuous occupancy. Here’s what property owners need to know.
Real Estate
Complainants Receive Compensation for 10-Year Delay in Flat Possession
The complainants have finally secured compensation from M/s Ansal Phalak Infrastructure Pvt Ltd for a significant delay in the possession of their flats. This case highlights the importance of accountability in the real estate sector.
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
Understanding Part Occupancy Certificates in Real Estate: A Legal Perspective
In the realm of Indian real estate, the issuance of a Part Occupancy Certificate (POC) often sparks legal debates. This article delves into the legal nuances and implications of POCs, particularly focusing on whether they can be considered as delivery of
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 Mumbai
MHADA Flats: Maintenance and Property Taxes Only from Possession Date
Mumbai: MHADA buyers will now only have to pay maintenance and property taxes from the date of possession, ensuring fairness and reducing financial burden.
Real Estate Maharashtra
Son's Triumph: Legal Battle for Property Possession Ends with Rs 37 Lakh Interest Award
A homebuyer from Panvel, Mumbai, fought tirelessly for the possession of a flat, for which 97% of the payment was made to the builder years ago. Tragically, the homebuyer passed away before seeing the end of the legal battle. However, his son continued th
Real Estate
Supreme Court Ruling: Part Occupancy Certificate Does Not Equate to Possession Delivery
The Supreme Court of India has made a landmark ruling in the case of Venkataraman Krishnamurthy & Or. v. Lodha Crown Buildmart Pvt. Ltd., clarifying that a Part Occupancy Certificate does not constitute the delivery of possession to the buyer. This decisi
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.