Builder
As Noida Extension was lots in news for past few months, another one has added itself to the list! Noida Extension Flat Owners and Members Association (NEFOMA) have decided to take legal action against a builder who asked the buyers for interest for pending payments. Builder of Palm Olympia is asking for extra interest on [...] Continue Reading »
Salarpuria Sattva, a renowned real estate developer has acquired more land in Bangalore for future projects. The developer has acquired around 300 acres in Sarjapur and Whitefield area for development of projects. It has plans of developing nearly 30 million sq ft on the lands acquired. All types of developments ranging from residential complexes, apartments, [...] Continue Reading »
Apartment maintenance has loads to do! May it be for the flat owner, apartment association, builder or a developer everybody has to maintain day to day and annual accounts of apartments. Here is one of the integrated portal to relive issues in concern with apartment and communities, Commonfloor (www.commonfloor.com). Commonfloor (CF) is a real estate [...] Continue Reading »
A Borivli resident has recently been compensated with Rs 50000 by the builder for late handing of flat keys. He filed a complaint in Mumbai Suburban District Consumer Disputes Redressal Forum against Soni and Associates from whom he had bought the flat in April 2004. The Consumer Forum noticed that the buyer was suffering from [...] Continue Reading »
Residents of Mira Road, Mumbai were in a state of shock as two seven storied buildings got a signal from municipal corporation for demolition. Those residents could not believe their abode being demolished for which they were still paying home loans. The flats are Ashirwad Manzil and Ashirwad Prem and the owners have been given [...] Continue Reading »
Good news for residential societies in Mumbai who could not set its aim for redevelopment! There are many residential colonies in the major cities which could not go for redevelopment due to low affordability. Now, banks in Mumbai has taken up the charge to finance those projects in the city. It will be a good [...] Continue Reading »
It is no strange news when we hear a builder promising something and not providing it afterwards! To teach a lesson to these type of builders, residents of Bangalore took ahead a step and made them pay. Builders Sumadhura Constructions, whose Sumadhura Shangrilla Apartments at Mahadevapura had 84 owners, paid 100% amount on water connection. [...] Continue Reading »
Sundew Apartments on Prabhat Road in Pune will be pulled down by the civic authorities. The building was built some thirteen years back and is expected to worth over Rs. 50 crore. However in an RTI filed it came out that the school was erected on land that was reserved for school in 1999. The [...] Continue Reading »
Real Estate developers will have to be extra careful now while selling a property with the implementations of the new ordinances by the Real Estate Authority. Real Estate Authority has proposed that if a property is sold without registering than the seller may land up being incarcerated or have to pay a hefty fine. The [...] Continue Reading »
Residents in Bhubaneswar are expressing their concern that the bridge that is being constructed on the Gangua nullah might have an adverse effect on the environment. The bridge which is under construction has blocked the flow of the natural drainage which carries the water of ten drains from the city. The construction might in fact [...] Continue Reading »
