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.

To, start with the most common problem that as homebuyers you might have is delayed possession or no construction in the project.

Homebuyers associated with Karnataka RERA accused developers of practices such as deviated plans, unauthorized constructions.

As a developing country, India had huge prospects for growth in the real estate sector, seeing this many people invested in the sector in good faith.

1st of kind order from Hon’ble RERA, which is unique and real justice in real estate history. In the said case, the uncompleted project was handed over to the association to construct it through the pooling of money

The manner of recovery of interest, penalty and compensation and the same is to be carried out in the manner provided in Karnataka Land Revenue Act 1967 and the rules made there under.