PARKING DISPUTE WITH BUILDERS
Don’t wait till possession: 4 parking checks every homebuyer must do early
Homebuyers often face parking disputes after taking possession of their homes. Experts advise checking parking space dimensions, legal terms, and local bylaws before buying. Developers may squeeze parking areas due to utility spaces. Verify actual basement parking size and contractual agreements to prevent future conflicts. Parking is a legal and technical due diligence matter.
Lady sells listed equity shares for Rs 26 crore and constructs house, pays no capital gains tax; ITAT Kolkata rules in her favour
A woman successfully claimed capital gains tax exemption on Rs 26 crore from selling shares. The Income Tax Appellate Tribunal in Kolkata ruled in her favour, allowing her claim under Section 54F. She invested the proceeds in constructing a residential property. The tribunal clarified rules regarding joint ownership, property usage, and construction timelines.
Builder asked to pay Rs 5.14 lakh to homebuyer by NCDRC for occupancy certificate delay and other violations
RERA: A retired Major had to chase the builder for 9 years in order to get occupancy (OC) and completion certificate (CC). Apart from this issue, the builder violated other laws like charged separately for parking space, etc. So the retired Major decided to file consumer case against the builder and ultimately after a seven years fight he got an compensation of Rs 5.14 lakh.
Builder fined for charging parking space separately over the flat price; Know what your legal rights are
RERA: A builder charged separately for parking space inside a flat from a retired Major of the Indian Army. Legal experts say that the builder also violated various other laws like Rajasthan Apartment Ownership Act, 2015 also. Feeling cheated, the Major decided to fight the case in consumer forum and ultimately NCDRC ruled in his favour after a seven year fight.
Facing parking space manipulation by the builder? MahaRERA empowers home buyers against the defaulting promoters
MahaRERA: Now flat buyers don't have to worry about parking space inside the flat, as MahaRERA has passed a order mandating parking space to be accurately communicated in both allotment letter and sale agreement. Read here to know more about the parking order by MahaRERA and how it will help you.
Byju's vacates 4 lakh sq ft Bengaluru office space to cut costs
Byju's was paying a rental of about Rs 4 crore per month for the office space and had signed the rental agreement about 3.5 years ago with the Prestige Group.
- Go To Page 1
1,350 cases resolved through UP RERA conciliation forum
Since 2019, developers and homebuyers have successfully resolved 1,350 cases through the NCR conciliation forum of Uttar Pradesh Real Estate Regulatory Authority (UP RERA). This led to dispute-free assets valued at approximately Rs 550 crore. Dinesh Gupta, Secretary of CREDAI Western UP, attributed the success to collaborative efforts by CREDAI members, RERA officials, and home buyer representatives.
Activists protest against Aarey Metro car shed in Mumbai
The protestors carried banners with messages like "save Aarey forest", and raised slogans on the need to fight against handing over the area to builders. They said Aarey is a forest comprising wildlife and adivasis (tribals) and appealed to stop the destruction of the forest in the name Metro car shed.
Sachin Tendulkar won’t have to pay tax on notional rent, rules I-T tribunal
Tendulkar owned two flats in Pune, a flat in Sapphire Park and another in Treasure Park costing Rs 60.6 lakh and 82.8 lakh, respectively.
NCDRC asks Unitech to refund Rs 29 lakh to home buyer
The proposed Rs 91 lakh apartment was booked in March 2011 with an agreement to handover the possession within three years, in 2014.
No Rera relief in redevelopment rows
Last month, Maharashtra Rera dismissed a complaint stemming from a redevelopment bid, filed by members of a housing society in Mumbai against their builder.
Supreme Court tells Jaypee to pay Rs 50 lakh to 10 buyers
The builder has been asked to pay Rs 50 lakh to Developers Township Property Owners Welfare Society that represents 10 homebuyers in the case.
Builder liable to pay for delays in getting occupancy certificate
The consumer is entitled to compensation till the time when the flat becomes legally available for occupation, National Commission ruled.
NRI to get Rs 15 lakh relief for 6-year-long flat wait
As per clause 14 of that agreement, it was agreed that possession of the unit would be delivered by January 15, 2011. The payment was made in 2009.
Firm buying flat for own use can be treated as a consumer
The firm filed a complaint before the Maharashtra State Commission, seeking a direction to the builder to execute the agreement and pay compensation.
Sit with builder and iron out differences: SC to MoS Rathore
"You (Rathore) have to be reasonable in your demands. We cannot compel the petitioner (Parsvnath builders) to allot another flat to you," the bench said.
SC forms panel to inspect MoS Rathore's Gurgaon flat
Rathore had booked a flat in Parsvnath's Exotica project in Gurgaon in 2006 and paid around Rs 70 lakh for it. The firm was to deliver the flat in 2008-09.
High Court, Consumer court cases galore against Unitech Ltd.
It started with NCDRC giving a few orders in favour of homebuyers, asking Unitech to compensate buyers at 12 per cent per annum for delay in delivering apartments.
Supreme Court stays execution of 12% per annum penalty on Jaypee by NCDRC
SC did not stay two other parts of NCDRC judgment which said Jaypee cannot charge for car parking and for increase in super area post construction.
NCDRC orders Jaypee to pay 12% annual penalty to home buyers in Kalypso Court project in Noida
It asked the builder to provide adequate parking spaces in the project and refund the excess amount, if any, that has been collected from home buyers for parking slots.
Lok Sabha passes Real Estate Bill, paves way for protection of rights of homebuyers
Under the provisions of the bill, builders cannot advertise and sell homes till all approvals are in place and the project is registered with the regulatory authority.
'Reliance owes Rs 341 crore to MMRDA for BKC project delay'
The amount is penalty on the Mukesh Ambani-led company for failing to develop the C-66 plot in G Block, named as One BKC. It was to be developed within four years as a commercial building with car park.
NCDRC orders Unitech to pay compensation for delivery delay; likely to set precedent for others
More than half of the real estate projects across the country are delayed by over 12 months, of which about 25% are delayed by over 36 months.
Top 6 real estate scams and how home buyers can avoid them
Real estate scams run the entire gamut, from legal frauds and fly-by-night operators to false promises and buy-one-get-something-free offers.
Hotelier close to Sharad Pawar found hanging in Pune hotel
Additional commissioner of police said that Ajay, in the suicide note, has named a person whom he has accused of being responsible for the suicide.
Welcome regulation for home buyers
The Cabinet has cleared a law to set up a real estate regulator to protect home buyers. This is welcome, though long overdue.
Builders can't sell flat's parking space separately
"Handing over possession of parking space along with flat is binding on the developer," said Mumbai Suburban District Consumer Disputes Redressal Forum.
DLF fined Rs 630 crore by CCI for unfair practices; work on 'The Belaire' project started without approvals
The move is likely to have implications for an industry where practice of one-sided agreements is common and builders modify projects.
New parking lot rule to help Brihanmumbai Municipal Corporation earn crores
An amended BMC parking lots policy, submitted for approval to the state government, could earn it several hundred crores a year from builders.
Load More
