The delay in project completion and possession by the builder can be frustrating for buyers. This situation is particularly challenging for individuals living in rented spaces or those who have made plans to leave … READ FULL STORY
Buying a property is one of the most significant investments you will make in your lifetime. However, it can be incredibly frustrating and stressful if the project you’re investing in faces excessive delays. If … READ FULL STORY
Builders can’t deny homebuyers refund for delayed projects citing payment defaults by the consumer, the Supreme Court has ruled. The apex court order comes as a major relief for harrowed homebuyers who often stop … READ FULL STORY
If a buyer cancels his flat booking due to delay in project completion, what is the likely scenario that would unfold? Will he get all his money back? If yes, what about the loan … READ FULL STORY
Construction projects by their very nature are dependent on several factors and circumstances, both, foreseeable and unforeseeable. Delays in completing construction projects are normal in our country. The majority of construction disputes relate to … READ FULL STORY
Several big financial reforms and efforts by the government and the industry, shaped the real estate sector over the past decade. The decade ahead, is likely to witness the emergence of a more organised … READ FULL STORY
On May 1, 2017, all 92 provisions of the Real Estate (Regulation and Development) Act, 2016 (RERA or the Act) were brought into force. The Act has introduced new obligations on real estate developers … READ FULL STORY
Project delays are one of the most alarming issues, historically dogging the Indian real estate sector. The dearth of effective planning and execution of construction activities, escalating construction costs, approval delays, diversion of allocated … READ FULL STORY
The Maharashtra government is planning to amend the law and provide for the termination of contracts with private builders, if they do not complete the projects of the Maharashtra Housing and Area Development Authority … READ FULL STORY
Due to the options of staggered payments and lower rates, many people opt for an under-construction property without realising its financial risks. Here are some of the benefits of a ready-to-move property as compared … READ FULL STORY
Maharashtra accounts for nearly 25 per cent of the total investments attracted by the real estate and construction industry in India, showed a recent study by industry body ASSOCHAM (The Associated Chambers of Commerce … READ FULL STORY
With Maharashtra setting up a regulator in accordance with the Real Estate (Regulation and Development) Act (RERA), it joins a small community of states that have notified their respective realty regulators to be set … READ FULL STORY
Jaypee Wish Town investors, on April 21, 2017, gathered at the Yamuna Expressway Industrial Development Authority (YEIDA) office in Noida, to protest against the builder over delays in the project completion and alleged diversion … READ FULL STORY
