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August 01, 2021, Sunday
Demand notice must be served properly to buyer
The purchaser couldn't be termed a defaulter since the demand letter had not been served properly, and especially when he paid ...
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March 21, 2021, Sunday
Buyer entitled to a refund upon delay
The purchaser can't be made to wait endlessly just because the builder fails to fulfil his contractual obligation to obtain the ...
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November 08, 2020, Sunday
Avoid taxing hardship compensation twice
This pertains to the taxation of hardship compensation paid by developers to homeowners in connection with the redevelopment of ...
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October 04, 2020, Sunday
Builder can't sell flat until case is resolved
A builder in Punjab delayed issuing the allotment letter but was quick to cancel the booking after issuing the demand letter
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April 18, 2019, Thursday
Onus on builder to do entire documentation
The law does not permit a builder to handover possession under any situation, not even for 'fitout' unless the building ...
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November 29, 2018, Thursday
Landowner liable to sign deed
In a joint development, the landowner is also liable for property-related issues along with the developer
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October 11, 2018, Thursday
Rules for forfeiting earnest money
The builder can forfeit the earnest money, but it cannot exceed 10 per cent of the total cost of the house
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July 18, 2018, Wednesday
Unregistered agreement is also enforceable
The Commission concluded that the builder's arguments did not have any bearing on the claim for refunds
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July 04, 2018, Wednesday
EMI, not tenure, should be reduced in PMAY
Adjusting the credit-linked subsidy by reducing the loan tenure effectively negates any benefit from it
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June 28, 2018, Thursday
Delay in construction is builder's problem
National Commission observed that Unitech had failed to produce any evidence to substantiate its defence
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June 07, 2018, Thursday
Under-construction sector needs help
Most steps taken by the government till now, notably the Goods and Services Tax and Real Estate Regulation Act (Rera) - have only ...
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May 02, 2018, Wednesday
Can builders forfeit the amount in case of cancellation of the booking?
The State Commission upheld the builder's contention and dismissed Anand's complaint on the ground that he had failed to pay ...
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February 15, 2018, Thursday
Planning to buy a flat? Understand the law of limitation on possession
When possession is delayed, there is a continuing wrong. A buyer would be entitled to approach the consumer forum at any point of ...
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August 17, 2017, Thursday
Claim escalation cost for delayed project
Delay in civic and other permissions can't be considered force majeure. It is deficiency in service
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July 26, 2017, Wednesday
A good year for affordable housing
Provisions of RERA, subsidy under PMAY, relaxation in PF withdrawal to buy a house will aid housing
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June 15, 2017, Thursday
Buying a home wins hands down against renting today. Here's why
Buying a home wins hands down against renting due to Pradhan Mantri Awas Yojana and RERA laws
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March 08, 2017, Wednesday
Nominee is not the undisputed owner
The court only ruled that society must transfer flat shares to the nominee
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August 07, 2016, Sunday
Mixed view on infrastructure
Data indicate the number of stalled projects has climbed in the recent past but there has been some progress in road building
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August 09, 2015, Sunday
Recession, inflation haunt real estate
Steep corrections in Delhi & Mumbai in the late 1990s had spurred the demand. This could happen again
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February 16, 2015, Monday
Policymakers must release land
But it has to be done without triggering political agitations or crises in banking and real estate
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