Real Estate Maharashtra
Mumbai Consumer Commission Orders Developer to Refund Homebuyers for Cancelled Flat Allotment
The Maharashtra State Consumer Disputes Redressal Commission has ordered a developer to refund over Rs 45 lakh along with Rs 15 lakh interest to a couple whose flat allotment was cancelled in a housing project.
Real Estate Mumbai
Maharashtra Consumer Commission Orders Developer to Refund Homebuyers in Wadala Project
The Maharashtra State Consumer Disputes Redressal Commission (SCDRC) has ordered a real estate developer to refund over Rs 45 lakh to a couple whose flat allotment was cancelled in a Wadala housing project. The commission also directed the developer to pay Rs 15 lakh in interest.
Real Estate
Goa Real Estate Regulatory Authority Orders Firm to Refund Rs 5 Lakh Booking Amount
The Goa Real Estate Regulatory Authority (GRERA) has directed a real estate firm to refund Rs 5 lakh booking amount to complainants within 30 days. The firm is also required to pay 10.85% interest and Rs 2 lakh in costs.
real estate news
Goa Real Estate Firm Ordered to Refund Rs 5 Lakh Booking Amount to Complainants
The Goa Real Estate Regulatory Authority (GRERA) has directed a real estate firm to refund Rs 5 lakh to complainants within 30 days, along with interest and costs, after the firm failed to honor its promise.
Real Estate
Delhi Entrepreneur Uses Social Media to Secure Rs 10 Lakh Real Estate Refund
A Delhi-based entrepreneur successfully recovers Rs 10 lakh from a Noida real estate company after months of stalled communication, highlighting the power of social media in resolving financial disputes.
Real Estate
Delhi Woman Recovers ₹10 Lakh from Real Estate Company with Social Media’s Help
Mahima Jalan, a Delhi-based entrepreneur, successfully recovered ₹10 lakh from a major real estate company in NCR after four months of relentless efforts, thanks to the power of social media.
Real Estate Mumbai
MahaRERA Orders Ghatkopar Developer to Refund ₹1.89 Crore to Flat Buyers
The Maharashtra Real Estate Regulatory Authority (MahaRERA) has directed Rare Townships Private Limited to refund two flat buyers the full amount they paid, along with interest, for apartments in the North Sea Heights (A1) project.
Real Estate
Bombay High Court Orders Stamp Duty Refund Despite Delayed Application
The Bombay High Court has ruled in favor of a petitioner seeking a refund of stamp duty, despite the application being filed beyond the five-year limitation period. The court observed that the delay was justified due to the petitioner's need to first approach authorities under the RERA Act for the cancellation of the Agreement for Sale.
Real Estate Maharashtra
Bombay HC Orders Stamp Duty Refund Despite Delayed Application
The Bombay High Court has ordered the refund of stamp duty to a petitioner despite the application being filed beyond the five-year limitation period. The court ruled that the delay was justified due to the petitioner's efforts under the Real Estate (Regulation and Development) Act, 2016 (RERA Act).
Real Estate
Understanding the Taxability of Court-Ordered Refunds and Interest in Real Estate
This article delves into the tax implications of court-ordered refunds and interest in real estate transactions, particularly when a builder fails to honor an agreement.
real estate news
Telangana RERA Orders Developer to Refund Buyers for Project Delay
The Telangana Real Estate Regulatory Authority (RERA) has issued a directive to a real estate developer to refund money to property buyers due to the failure to deliver a project on time, following multiple complaints.
real estate news
TGRERA Orders Builder to Refund Rs 11.25 Lakh with Interest for Delayed Project
The Telangana Real Estate Regulatory Authority (TGRERA) has ordered Jayathri Infrastructure India to refund Rs. 11.25 lakh, along with 10.80% interest, to a buyer for failing to deliver a commercial property as per the Memorandum of Understanding (MoU).
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
Telangana RERA Orders BhuvanTeza to Refund Buyers' Money for Violating Real Estate Norms
The Telangana Real Estate Regulatory Authority (TGRERA) has directed BhuvanTeza Infra Projects Pvt. Ltd. to refund buyers' money with interest for misleading homebuyers and failing to secure mandatory approvals.
Real Estate Maharashtra
MahaRERA Orders Lodha Group to Refund ₹6.65 Lakh to Homebuyers After Loan Rejection
In a significant victory for homebuyers, the Maharashtra Real Estate Regulatory Authority (MahaRERA) has ordered real estate major Lodha Group to refund ₹6.65 lakh to a couple whose home loan application was rejected.
Real Estate
Telangana RERA Orders Hyderabad Builders to Refund Customers with Interest for Project Delays
The Telangana Real Estate Regulatory Authority (RERA) has taken action against two Hyderabad-based real estate firms for failing to complete a housing project on time and violating regulatory norms.
Real Estate Mumbai
MahaRERA Orders Lodha Developers to Refund NRI Homebuyers’ Booking Amount
The Maharashtra Real Estate Regulatory Authority (MahaRERA) has directed Lodha Developers to refund the booking amount to NRI homebuyers who were unable to secure a home loan for their ₹2.27 crore apartment in the Lodha Mulund project in Mumbai.
Real Estate
Karnataka Real Estate Crisis: Over 2,600 Projects Delayed, Rs 6 Bn Refunds Owed
More than 2,600 real estate projects in Karnataka have missed their scheduled completion deadlines, leaving developers and homebuyers in a state of uncertainty and financial distress.
real estate news
Maharashtra Real Estate Appellate Tribunal: Developer Must Refund NRI Homebuyer Despite No Signed Sale Agreement
The Maharashtra Real Estate Appellate Tribunal (MREAT) has ruled that a real estate developer cannot deny a refund to a homebuyer, even without a signed sale agreement, due to delayed possession.
Real Estate
Madras High Court Directs ITO to Process Rs. 3L Income Tax Refund Claim
The Madras High Court has directed a taxpayer to file a fresh representation before the Income Tax Officer (ITO) for an income tax refund of Rs. 3 lakhs for the Assessment Year (AY) 2015-16. The court also instructed the ITO to consider and act upon the representation within six weeks.