The finance ministry
on recently said that the central government is probing 18 real estate
companies across the country for alleged forgeries & running dubious
investment schemes. In a written reply to
a question in Lok Sabha, minister of state for finance Mr. Namo Nara…
Showing posts with label Consumer Laws. Show all posts
Showing posts with label Consumer Laws. Show all posts
Time Deadline Not Met: Builder Told to Pay Rs. 50 lakh to flat Applicant..!
* More than 5 years that there is no
construction activity. * The
buyer had a dream of having his own house, but it was completely shattered by
the builder * Caused
mental agony, harassment and sheer suffering for which we quantify the amount
of Rs. 3 lakh as compensation * T…
Tamilnadu State: Regularise Unapproved Residential Land Layouts in All Local Bodies..!
* The
comprehensive scheme will be applicable to all panchayats,municipalities &
corporations. * The
amendment made to the Tamil Nadu Registration Act in 2009, in order to prevent
registration of unapproved residential plots of land in future..! * Framing
an uniform plan …
DLF Ltd - CCI Case: Flat Allotments Not be Cancelled Till Disposal..!
Further hearing
to April 22, 2013 onwards. Flat buyers in a housing
project of DLF LTD, which is engaged in a long-running case against fair trade
regulator CCI (Competition Commission of India), have got interim relief as the
firm has agreed before a tribunal on not cancell…
Builders Can Not Sell Flat's Parking Space Separately..!
Consumer Forum
Significant Order..! ** Rs. 5 lakh
as compensation for not handing over a parking space along with the
flat..! ** For a
4 wheeler the minimum size of a parking space
should be 2.5 metre by 5.5 meter..! In a significant order, a District consumer forum has rul…
Builders Can not End Deals if their Demands are not Met..!
State Commission's Recent Judgment..! Mr. Jehangir Gai,
Consumer Activist Apartment buyers are
often put in a tight spot by developers / promoters who demand more money after
initial payments Real estate
developers who sell apartments during recession sometimes try to extr…
Arun Excello's Estancia:Lessons in Chennai Real Estate.!
By Mr. R.
Balakrishnan My ordeal with a real
estate investment in an under-construction property and the lessons learnt I
would like to share a real-life experience in real estate investing. In 2007, I had booked
an apartment in a premium project called ‘Estancia’, promoted …
Possible Violations in Collective Investment Schemes of Real Estate companies..?
The rapid real estate development in India has been
rather fascinating and has enticed many to participate in the exuberance, where
we have witnessed skyline of cities changing. The growing appetite for risk supported by rise in income
levels has also encouraged many to gain…
Any Changes in Layout Plan : Builder / Promoter Must Inform to Flat Owners or Investors..!
* A
recent directive by the department of town planning says that private
developers have to inform flat owners or investors about any change in layouts
of projects in Gurgaon. * A welcome move, the
directive means that developers can not make changes affecting green zones
w…
How Will You Know if Your Builder /Developer in a position to Complete the Project or not?
How can
a buyer know if his builder is going bust? Act Before the
Builder Goes Bust..! There are some
tell-tale signs such as slowdown in construction or absence of communication Recently, real estate
developer Housing Development Infrastructure (HDIL) issued a statement to sa…
