NCDRC ordered a Pune based builder – Marvel Omega to refund Rs 8.14 crores along with 10% annual interest to the buyer.
In August 2019, the Supreme Court of India upheld the amendment so made in 2018 to deem allottees of real estate projects to be “financial creditors.
Real estate industry has been a constant concern for all interested parties. Decline of big names like Amarpali, Jaypee, Supertech along many others around the country, has left lakhs of homebuyers in lurch.
RERA Authorities across India have passed many landmark judgments and have tried their best to get justice to the aggrieved homebuyers.
Chandigarh consumer commission coming to the rescue of the homebuyers has been able to restore its faith among homebuyers.
Aviva Life is a joint venture between Dabur Invest Corp (Dabur group) and Aviva International Holding Ltd. This petition was filed against Aviva by Apeejay Trust for non-payment of rent and other relating dues totaling to over 27 lakh as claimed by Apeejay Trust in their petition.
Flipkart has obtained a stay order from Karnataka High Court on insolvency proceedings initiated against the e-commerce firm by the National Company Law Tribunal (NCLT) in a case involving alleged withholding of dues to a supplier of led TVs on its platform.
To, start with the most common problem that as homebuyers you might have is delayed possession or no construction in the project.
Money matters are a sensitive issue for everyone involved in the business as nobody would want to leave or lose their hard-earned money like that.
Homebuyers associated with Karnataka RERA accused developers of practices such as deviated plans, unauthorized constructions.