The homebuyers who were to get their homes anytime soon have to now at least wait for another period of 6 months or maybe 9 after the extension of real estate projects’ completion date.
NCDRC ordered a Pune based builder – Marvel Omega to refund Rs 8.14 crores along with 10% annual interest to the buyer.
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.
It took 2 years to India to moves one spot up from 36th to 35th in the global real estate sector, despite the RERA Registration Act.
The RERA authorities in state of Karnataka placed in the capital city of Bengaluru have come to the rescue of home when on Wednesday they released
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