RERA
Karnataka RERA Holds Shrivision Homes Liable For Delayed Possession, Orders 30.2 Lakhs Interest To Homebuyer
Karnataka Real Estate Regulatory Authority (Authority) bench, comprising GR Reddy (Member), has directed M/S Shrivision Homes Pvt. Ltd to pay Rs. 30.2 Lakhs to the homebuyer as interest for delay in handing over possession of the flat. Background Facts Homebuyer (Complainant) booked a flat in the Tower 5 of builder's (Respondent) project named Shriram Chirping Woods located at Bengaluru Urban District. Homebuyer entered into the agreement for sale with builder on 3rd February 2017...
Karnataka RERA Orders Dharwad-Based Builder To Refund ₹38.8 Lakhs To Homebuyer Due To Delay
Karnataka Real Estate Regulatory Authority (Authority) bench comprising Neelmani N. Raju (Member) has directed the Dharwad-based builder named Skytown Builders and Developers to refund ₹38.8 lakhs to the homebuyer after the builder failed to provide possession of the flat on time. Background Facts The homebuyer (Complainant) booked a residential flat on the ground floor in the builder's (Respondent) project named Skytown Luxuria for a total sale consideration of Rs. 27,00,000/- and...
REAL ESTATE WEEKLY ROUND UP: DECEMBER 2 – DECEMBER 8
Haryana Real Estate Regulatory Authority Haryana RERA Directs Anant Raj Builders To Pay Interest, Execute Conveyance Deed In Favor Of Homebuyer Case – Mohit Bansal Versus M/s. Anant Raj Ltd Citation – Complaint No: 6493 Of 2022 Haryana Real Estate Regulatory Authority (Authority) bench comprising of Ashok Sangwan (Member) has directed M/s. Anant Raj Ltd to pay interest for delay and execute conveyance deed in the favour of Homebuyer. Himachal Real Estate Regulatory...
Telangana RERA Permits Association Of Homebuyers To Take Over Project Due To Builder's Failure
While invoking Section 8 of the Real Estate (Regulation and Development) Act, 2016, the Telangana Real Estate Regulatory Authority (Authority) bench comprising Justice Dr. N. Satyanarayana (Chairperson), K. Srinivasa Rao (Member), and Laxmi Narayana Jannu (Member) permitted the Association of Homebuyers (allottees) to take over the project and complete it within eight months. Section 8 allows the Authority to take necessary actions if a project's registration lapses or is revoked. ...
Karnataka RERA Directs Ozone Urbana Infra Developers To Refund Rs. 1.02 Crores To Homebuyer
Karnataka Real Estate Regulatory Authority (Authority) bench, comprising Neelmani N Raju (Member) has directed Ozone Urbana Infra Developers to refund Rs. 1.02 crores to the homebuyer after the builder failed to provide assured returns, pay Pre-EMIs and hand over the possession of the flat on time. Monthly assured returns projects are schemes in which builders guarantee to pay homebuyers a fixed amount at regular intervals, typically monthly or for a designated period. Background...
Himachal RERA Rejects Homebuyer's Structural Defect Complaint Filed More Than 10 Years After Taking Possession
Himachal Real Estate Regulatory Authority (Authority) bench comprising Justice Srikant Baldi (Chairperson) rejected homebuyer's structural defect complaint, holding it to be time-barred as it was filed more than 10 years after taking possession. However, the Authority found that the project in which the homebuyer purchased a flat was eligible to be registered under Section 3 of RERA, 2016. Therefore, the Authority directed the builder to register the project with RERA within one month. ...
REAL ESTATE MONTHLY DIGEST: NOVEMBER 2024
HARYANA REAL ESTATE REGULATORY AUTHORITY Haryana RERA Orders Raheja Developers To Pay Interest To Homebuyer For Delayed Possession Case – Dharampal Singh & anr Versus M/s Raheja Developers Limited Citation – Complaint No : 2385 of 2023 Haryana Real Estate Regulatory Authority (Authority) bench, comprising Vijay Kumar Goyal (Member), has directed M/s Raheja Developers Limited, to pay interest to the homebuyer for the delay in handing over possession. Additionally, the ...
Haryana RERA Directs Anant Raj Builders To Pay Interest, Execute Conveyance Deed In Favor Of Homebuyer
Haryana Real Estate Regulatory Authority (Authority) bench comprising of Ashok Sangwan (Member) has directed M/s. Anant Raj Ltd to pay interest for delay and execute conveyance deed in the favour of Homebuyer. Background Fact The homebuyer (Complainant) booked a flat in the builder's (Respondent) project named Maceo located at Sector 91, Manesar, Gurugram by paying Rs. 14,00,000/- on February 27, 2014. The total sale consideration for the flat was Rs. 1,40,80,425/-. Later, on ...
REAL ESTATE WEEKLY ROUND UP: NOVEMBER 25 – DECEMBER 1
MAHARASHTRA REAL ESTATE REGULATORY AUTHORITY Maharashtra RERA Holds Spenta Enclave Liable For Delay, Orders Interest To Homebuyers Case – Anil Kishinchand Rajani & Anr Versus Spenta Enclave Pvt. Ltd A/W 1 other Citation – Complaint No. CC006000000193129 A/W 1 other While allowing the complaints of Two homebuyers, Maharashtra Real Estate Regulatory Authority (Authority) bench comprising of Manoj Saunik (Chairperson) directed Spenta Enclave to pay interest to the homebuyers...
Maharashtra RERA Holds Spenta Enclave Liable For Delay, Orders Interest To Homebuyers
While allowing the complaints of Two homebuyers, Maharashtra Real Estate Regulatory Authority (Authority) bench comprising of Manoj Saunik (Chairperson) directed Spenta Enclave to pay interest to the homebuyers for the delay in handing over possession of the flat. Background Facts Homebuyers (Complainants) purchased their respective flats in the builder's (Respondent) project named Altavista - Phase 1, located at Kurla, Mumbai Sub Urban. The total sale consideration for the flats...
Haryana RERA Holds AKME Projects Liable For Over 10 Years Of Delay In Manesar Project, Orders Refund To Homebuyer
Haryana Real Estate Regulatory Authority (Authority) bench comprising Ashok Sangwan (Member) has directed M/s AKME Projects Ltd to refund the homebuyer due to a delay of over 10 years in handing over possession. The homebuyer was expected to receive possession of the flat by 18 May 2014. However, authority found that as of 2024 the builder has still not obtained the occupation certificate from the relevant authority. Background facts Homebuyer (Complainant) purchased a flat in the...
Haryana RERA Directs Ramprastha Promoters To Pay Interest, Execute Conveyance Deed In Favor Of Homebuyer
Haryana Real Estate Regulatory Authority (Authority) bench comprising of Ashok Sangwan (Member) has directed M/s Ramprastha promoters & Developers Pvt. Ltd to pay interest to the homebuyer for the delay in handing over possession. Additionally, Authority directed builder to handover the possession and execute the conveyance deed in the favor of homebuyer. After facing an inordinate delay in receiving possession of the flat which was due on December 31, 2014, the two homebuyers...