Browsing: Builder Buyer Disputes

Headlines Home Buyers' Refund, Builder Buyer Disputes, Housing Project Delays, NCDRC Judgment Against Builders, NCDRC Judgment For Home Buyers, Wave Group, Wave Gardens Mohali, India Real Estate News, Indian Realty News, Real Estate News India, Indian Property Market News, Best Property Portal, Best Real Estate Website, Real Estate Journalist

Long & lengthy litigation helps builders to define law as per their fancy

Despite several rulings defining the set principles of law, the builders continue to define law as per their fancy. After all they are fully conscious of the fact that the poor home buyers have limited resources to get into lengthy and costly litigation. The omissions by the lower courts more often than not emboldens these builders.  Ravi Sinha reports about another landmark ruling by the apex consumer court, NCDRC (National Consumer Disputes Redressal Commission).

Reports RERA, RERA Success, Real Estate Litigations, Property Disputes, Builder Buyer Disputes, Property Cheating

RERA doesn’t evoke confidence of the homebuyers

Projects worth INR 4,64,300 crore for a total of 575,900 units are already significantly behind schedule. These 5,75,900 units have been stuck since 2013 or before. However, what is even more disturbing than these staggering number is the fact that in many of the states RERA has been diluted to the extent that it allows the erring developers with the existing projects to get away with the fault lines.

Editorial Completion Certificate, Occupancy Certificate, Real Estate Project Delays, Housing Delays, India Real Estate News, Indian Realty News, Real Estate News India, Indian Property Market News, Investment in Property

Housing project self-completion – far-fetched or viable?

The issue of stalled or delayed project is one of the major pain points of the Indian real estate sector currently. With buyers feeling the heat of delays, it is not surprising that some are now considering completing the projects themselves. This falls within the realm of possibility if the project in question has sufficient cash flows but is delayed for other reasons.