The insolvency and bankruptcy code, 2016 has seen many ups and downs since the enactment but out of all the most long and debatable topic or issue concerning law was pertaining to the rights of Home buyers/Allottee under the code.
The builders are taking force-majeure clause in the agreement as an excuse to escape their liabilities and get rid of the demanded claims.
A complaint was filed by Umesh Vyas against the developer Prima Terra Buildetch Private Limited and Satsasang Bharti CHS Ltd. The complainant approached MahaRERA seeking the interest on delayed possession.
The Real Estate Industry in India has seen a drastic change after the Real Estate (Regulation and Development) Act, 2016 (RERA) coming into picture. Though the Act is applicable to all the states of the country but Maharashtra seems to be quickest amongst all. The Maharashtra Real Estate Regulatory Authority (MahaRERA) and the Adjudicating … Continue reading “Agreement to lease falls within the scope of RERA”
As per the data obtained from MahaRera authority new projects in Pune district have seen downfall. The district had seen registration of 3,550 projects in October, 3,717 in November and 3,843 in December.
Builders are trying to get the Customers by providing various amenities but sometimes Builders gets off from their path and these amenities just become the part of the marketing stunt.
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