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.
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.
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.
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.
Real Estate
Madras High Court Directs ITO to Consider Rs. 3L Income Tax Refund Claim for AY 2015-16
The Madras High Court has directed the Income Tax Officer (ITO) to consider a refund claim of Rs. 3 lakhs for the Assessment Year (AY) 2015-16, following a joint representation by 39 employees.
real estate news
MahaRERA Takes Action: 12 Recovery Officers Appointed to Speed Up Homebuyer Refunds
In a significant move to address the concerns of homebuyers, the Maharashtra Real Estate Regulatory Authority (MahaRERA) has appointed 12 dedicated recovery officers to expedite the process of refunding amounts to homebuyers under the Real Estate (Regulation and Development) Act, 2016.
Real Estate Pune
Pune Authorities Appoint 12 Officers to Expedite MahaRERA Refunds
Pune has taken a significant step towards ensuring timely refunds for homebuyers by appointing 12 new officers under the MahaRERA framework. These officers will facilitate the process and ensure that recovery warrants are issued efficiently, allowing for the attachment of developers' properties if necessary.