NCDRC ordered a Pune based builder – Marvel Omega to refund Rs 8.14 crores along with 10% annual interest to the buyer.
Tag: Builder-Buyer Agreement
How to get your Money if the builder has filed appeal against you?
RERA Authorities across India have passed many landmark judgments and have tried their best to get justice to the aggrieved homebuyers.
Insolvency proceedings initiated against Kasata hometech
This proactiveness has been further accelerated by the landmark judgment of the Hon’ble Supreme Court in the Pioneer case.
Should RERA Authorities grant refund to the every complainant?
The officials of the UPRERA Authority have decided not to encourage refund if the project is not stalled and have the potential of getting finished and delivered.
RERA is the preferred authority in the eyes of Home-Buyers
RERA now has become the most preferred authority where the aggrieved home-buyers can reply upon for the redressal of their grievances.
RERA vs. Arbitration
The RERA is going to override the arbitration clause in the agreement. And keeping the same in view it is advisable to the aggrieved home- buyers that they should reach before RERA
Importance of builder-buyer agreement in cases of RERA Litigation
Builder-buyer agreement being a pivotal document is pertinent to the RERA Legal proceedings as based on this agreement the cases may take a turn in favor or against.
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