Homebuyers who have been assured of committed returns from the developer could trigger IBC as a financial creditor under section 7 whereas all the homebuyers have been granted the right to represent themselves as a participant of the committee of creditors.
A large number of aggrieved homebuyers took out a large procession against the dilution of RERA by the state government of Karnataka.
The builders started offering alternate flats or apartments instead of the original one promised as this trick is now becoming the norm for many builders.
An order passed by the supreme court in favour of the aggrieved home buyers who have been waiting to get justice against named builders of the country which is the AMRAPALI Group and UNITECH.
The state of Uttar Pradesh has brought a sigh of relief for the aggrieved homebuyers of Noida by formulating a RERA bench at Noida.
The Real Estate Regulatory Authority in Karnataka has come under fire from the aggrieved home buyers who have been left at the mercy of the builders. The Real Estate Regulation and Development act, 2016 under Section- 84 empowers the state to make rules in furtherance of the Act in order to implement the provisions of … Continue reading “Homebuyers left in lurch in Karnataka”
The recent order passed by the Bombay High Court is remarkable as it conceivably covers a noteworthy loophole in the real estate regulations.
Homebuyer is a person who buys or expects to buy a house. And A promoter is an individual or organization that helps raise money for some type of investment activity.
The finance minister will create Union Budget 2018-19 in a way that would support the economy and guarantee GDP development at a higher rate when contrasted with 2017-18
The banks have started issuing an auction notice in respect of real estate projects where the builder has defaulted by not completing the construction of the project. Here we are sharing some remedies for the aggrieved homebuyers.
The Karnataka RERA authority has been unable to help the aggrieved homebuyers due to lack of support from deputy commissioners, so the authority forced to write to the Revenue Department that Deputy Commissioners are not honoring the judgments to help home-buyers.
If the builder is delaying in giving possession or not giving the property as per the agreements there are some effective legal remedies for the aggrieved homebuyers under the law.
Centrik is feeling proud to being helping hand to the 144 aggrieved homebuyers to get justice on handover stalled projects.
Aggrieved homebuyers from the Piyush colonizer esteemed developer in the past started a housing project in the City of Faridabad, approached the HRERA bench stating their grievance.
MahaRERA had setup a Conciliation Forum for aggrieved homebuyers who can approach the forum to get their grievances solved, before lodging complaints with the MahaRERA.
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