PARKING ISSUE HOMEBUYERS
Don’t wait till possession: Four 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.
People chase corner plots but Gurgaon CEO explains why he likes the last house on the street
A Gurgaon CEO highlights a different kind of luxury in home buying. He suggests the last house in a residential lane offers unparalleled peace. With no through traffic, these homes provide a quiet environment. This allows for relaxed evenings and safer play for children. The focus shifts from visibility to tranquility.
Bought a flat but parking too small and far away? Homebuyer filed case but lost in RERA; here’s why
A homeowner's plea for a better parking spot was dismissed by Punjab RERA. The complainant argued his allotted space was too small and far from his apartment. He also claimed unequal distribution of parking. RERA ruled against him, stating he accepted possession without protest and the builder followed approved plans.
MahaRERA tightens scrutiny on developers, advises caution to homebuyers
MahaRERA has warned builders against unethical practices, such as misrepresenting project details or selling properties without all necessary approvals. Homebuyers are advised to verify project registrations and approvals on MahaRERA’s website. The regulator emphasises strict compliance with the Real Estate Act, providing transparency and ensuring developers sign agreements as per guidelines to protect consumer interests.
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.
ED restores assets worth over ₹16,000 crore
The Enforcement Directorate (ED) aims to expedite the restoration of assets to victims defrauded under the Prevention of Money Laundering Act. The agency has already restored ₹16,400 crore in high-profile cases involving Vijay Mallya, Nirav Modi, and National Spot Exchange Ltd. Efforts are ongoing to return assets in other significant fraud cases.
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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.
MahaRERA mandates strict parking regulations to prevent disputes
Maharashtra Real Estate Regulatory Authority (MahaRERA) has introduced directives to address parking issues in residential developments. Developers are required to include specifics about parking dimensions, numbering, and location within buildings in allotment letters and agreements for sale. The move aims to ensure transparency and adherence to regulations, and to uphold consumer rights and foster accountability.
MahaRERA mandates single registration number for each standalone project
According to the latest directive, going forward, any promoter seeking new registration for a housing project must submit a declaration-cum-undertaking on their official letterhead. This document, in the prescribed format, attests that neither the proposed project site nor any of its parts holds a MahaRERA registration number, nor is there any pending application.
Ray of hope for 20,000 homebuyers as work begins in Jaypee Infra's 'ghost town' in Noida
For nearly 20,000 Jaypee Infratech Limited (JIL) homebuyers, who have been waiting for the hand over of their flats for more than 13 years, a ray of hope has emerged as the work on at least 59 unfinished towers in the erstwhile 'ghost town' begins to speed up.
Is your house stuck in a stalled real estate project? How five homebuyers took on builders to get their houses
Nearly five lakh houses are stuck in stalled projects in just top seven cities. Find out how some gutsy homebuyers took on builders to get their houses.
Maharashtra govt forms committee to streamline realty processes in Navi Mumbai
CIDCO undertakes various mega infrastructure projects, including the ongoing Navi Mumbai International Airport, Navi Mumbai Metro, NAINA, Corporate Park etc. The town planning body has allotted land parcels on lease to different real estate developers to create residential and commercial projects.
Banks assure homebuyers of support for Jaypee Infra resolution, not keen on liquidation
Around 20,000 home buyers have been waiting to get delivery of their homes following the Allahabad bench of the NCLT classified Jaypee Infratech as insolvent on the petition filed by IDBI Bank under Section 7 of IBC, 2016. Jaypee had defaulted on Rs 526-crore loan by the bank.
Housing ministry supports homebuyers' stand to repeal West Bengal HIRA
The Ministry of Housing and Urban Affairs has supported the petition of a pan-India homebuyers’ body to repeal the West Bengal Housing Regulation Act, 2017 (HIRA).
Amrapali group properties auction to generate Rs 478 crore
The six assets that will be auctioned include floor area ratio with a reserved price of Rs 55 crore with capacity to build three new towers in Princely Estate in Sector 76, 12.73 hectares of land worth Rs 44 crore in Udaipur, and Amrapali hospital worth Rs 21 crore in Greater Noida’s Sector Omega-I.
MahaRERA directs homebuyer to pay interest to developer for delay in payment
This is in contrast to usual directives from the authority to developers to pay penalty for delayed possession to a homebuyer.
NBCC assured of monitoring after Amrapali residents raised safety concerns
NBCC is involved in the completion of 23 housing projects by Amrapali Developers. The estimated cost of completion of all Amrapali projects is about Rs 8,500 crore.
UP RERA to conduct forensic audit of seven projects of Supertech and Ansal API
Ansal API has been asked to submit compliance report within 15 days. RERA had issued a show cause notice to the promoter threatening to revoke the registration for violations of the provisions of RERA and diversion of a substantial amount of money received from the home buyers.
NBCC issues tender for seven stuck projects of Amrapali Group
The Supreme Court had about a year ago asked the state-run builder to complete 16 projects of the Amrapali group. It has completed work on two of those, which will be handover soon to the court receiver. The court had appointed R Venkataramani as the receiver to coordinate among all the stakeholders and ensure completion of the projects for homebuyers.
Apex court admits home buyers’ plea to repeal Bengal’s realty Act
“There’s no presidential assent to WB HIRA and therefore is unconstitutional in view of Article 254 (2) of the constitution of India,” said Devashish Bharuka representing the petitioners.
Supreme Court orders attachment of Amrapali's 5-star hotel, malls, cinema hall, factories
The court also ordered attachment of fleet of luxury cars which were bought by the company from the home-buyers' money.
Withdraw OCs or CCs given to incomplete projects: Haryana RERA
Haryana RERA has asked the DTCP, Haryana, to withdraw the CC, or Occupation Certificate OC, issued to projects that are yet to complete the development.
Homebuyers' body FPCE seeks PM, President's intervention on RERA redundancy
FPCE requests President not to give assent to West Bengal’s separate state-level legislation Housing & Industrial Regulation Act, 2017 (HIRA).
Won’t entertain complaints post flat possession: MahaRERA
Maharashtra RERA has ordered that any complaint with regards to incomplete work after taking possession of their apartments will not be entertained.
SC to supervise completion of viable Amrapali projects
Amrapali is facing problems in completing the projects as its bank accounts have been seized because of insolvency proceedings initiated by Bank of Baroda for failure to repay loans.
Maharashtra RERA reiterates selling open car parking space not allowed
The homebuyer had complained about the developer selling open car parking space in its ready project, while the developer refuted the allegation.
How states shortchange homebuyers by taking the sting out of RERA
Till Saturday, 13 states and Union territories had notified their final RERA rules, and most of them have diluted key provisions of the law.
Builders offer 'half rooms' in projects to expand customer base
While every individual's needs and wants are different they often end up paying a higher price for a bigger flat.
Green light for Noida flats in 'a few days'
the Centre has finalised the no-construction zone around the Okhla Bird Sanctuary at a radius of 100 metres on the Noida side and will issue the final notification in the "next few days".
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