Penalty clause is the sole section, which holds the potential to serve a homebuyers’ interest in case of dispute with the builder. Pay extra attention to this provision while finalising a real estate deal. The recent cases of some Noida based developers failing to deliver a project for over two decades have raised concerns over …
Understanding the penalty clause in the builder-buyer agreement Read More »
In a bid to protect the interest of homebuyers as well as weed out non-serious and unscrupulous players from the market, the Real Estate (Regulation and Development) Act, 2016 (RERA) has proposed heavy penalties on builders who will henceforth either delay their projects or won’t comply with RERA norms. In a bid to protect the …
RERA: Homebuyers to get 10% penalty for delay in projects, but is that enough? Read More »
The National Green Tribunal on Tuesday refused to review its order imposing an interim penalty of Rs 10 crore on three builders in Gurgaon for violation of environmental norms and damaging the environment. he National Green Tribunal (NGT) on Tuesday refused to review its order imposing an interim penalty of Rs 10 crore on three …
Rs 10 crore penalty on 3 Gurgaon builders: NGT refuses to review order Read More »
NEW DELHI: Forcing homebuyers to pay interest in the range of 18% per annum for delay in payment of instalment while the builders themselves pay a paltry 1.5-2% for delay in project amounts to an unfair trade practice which cannot be enforced, the apex consumer commission has ruled. A bench of National Consumer Disputes Redressal …
Ashwini Kumar Sharma Rera has made progress in four-five states, but has failed to address homebuyers’ concerns in others While many states don’t have a website yet, some of the existing websites are of little help to home buyers Santosh Parashar, 40, chief programme executive at a government think tank, has filed a case against …
Rera’s three-year report card shows gaps in implementation Read More »
Bengaluru: On November 17, more than 100 people gathered at a construction site on Sarjapur Road to stage a silent protest against a well-known builder for delaying the construction of a residential complex where they had booked flats. The 950-house project, launched in 2012, was to be handed over to buyers by June 2016, or …
Home buyers still losers as RERA unable to enforce compliance on Builders Read More »
Over five lakh apartments in Noida, Gurugram and their surrounding pockets are either incomplete or have not been handed over, long after their delivery deadlines got over, government and industry estimates have revealed. t’s by far the worst-ever real estate crisis that’s struck home-buyers in the National Capital Region (NCR). More than five lakh apartments …
Buyers cry as builders fail to give 5 lakh flats Read More »
Power Project Sahara India Pariwar is seeking to generate power via conventional as well as renewable methods and technology, and has entered the power sector through Sahara India Power Corporation limited, (SIPCL). Its upcoming 1320 MW (2X660) power plant at Titilagarh is to be built on 950 acres in Balangir district of Odisha state with …
Sahara Hospital, Lucknow A state-of-the-art, multi-specialty, tertiary care hospital providing world class facilities with more than 50 super specialities and latest generation equipments under one roof. This hospital is spread over approx. 27 acres with approx. 1 million sq ft of built up area. Sahara Hospital got operational in February 2009 and is currently operating …
Sahara Star Mumbai Sahara Star, the flagship hotel of Sahara India Pariwar, is one of India’s most desirable destinations. The 5-star hotel strategically located near Mumbai’s domestic airport magnificently depicts Indian mysticism and culture, while personifying the country’s progressive spirit blending peerless hospitality with ultra-modern technology. The Hotel is a distinct yet contemporary destination which …
