Association
Banks must effect any change in floating rate loans only at the agreed-upon reset date, RBI suggested. This aims at ushering in transparent and appropriate pricing of credit, according to an RBI working group. It was suggested by the group that floating rate loan agreements can have interest rates reset monthly, quarterly, half-yearly, etc. This [...] Continue Reading »
Noida Extension Flat Owner Welfare Association (NEFOWA) writes to governor on non implementation of “UP Apartment Act” in Gautam Budh Nagar district. NEFOWA, an association of flat buyers in Gautam Budh Nagar wrote to UP governor, BL Joshi, demanding his intervention to ensure implementation of the UP Apartment Act in the district. The association voiced [...] Continue Reading »
A complaint filed by DGCOM Buyers and Owners Association against Delhi-based leading realtor DLF, alleging market power exploitation, has been declined by the Competition Commission of India (CCI). The Chennai-based association had filed a petition with CCI claiming that DLF has misused its dominant market position relating to a residential project in Chennai. The petition [...] Continue Reading »
From December 1, 2011 RWA of World Spa had refrained themselves from paying maintenance charges for the project in Gurgaon. Unitech Ltd and Unitech Property Management Ltd had filed a case against RWA of the project in Sector 30 and 41 and sought injunction against residents who refrained from paying maintenance charges to the association. [...] Continue Reading »
Who would think Noida and Greater Noida as two different cities when they come under Delhi-NCR! Still, it is becoming impossible to bring both the Resident Welfare Associations (RWAs) of the twin cities under one roof. There has been a legal barrier between the two even after six months of registration. Since June, 2011 the [...] Continue Reading »
