Flat buyers
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 »
The construction projects in Noida extension is kept pending due to delay in Greater Noida Master Plan 2021. The home buyers and developers are worried about the fluctuating property rates. Therefore the Noida extension home buyers have written to NCR Planning Board to complete 2021 project at the earliest. Noida Extension Flat Buyers’ Welfare Association [...] Continue Reading »
Good news to all the flat buyers in Mumbai! You need not pay extra for parking. Same orders were passed on by the consumer court. According to the rules, parking is to be provided as one of the basic amenities. Under the Maharashtra Ownership Flats Act (MOFA) this rule was considered. Source: The Times [...] Continue Reading »
New flat buyers be ready to shell out more and more money in Noida. This is not a purposeful hike the developers have opted for! Developers in Noida city had to make around Rs 3,000 crore payment for the notices that the Uttar Pradesh government had issued to land allottees. Failing badly to pay this amount [...] Continue Reading »
Noida Authority has come to a mandatory conclusion for the builders and the developers to get consent from allottees if the builders want to make changes in their layout plan. Regular complaints concerned unwarranted changes are carried out by the developers in the layout of a housing plan. The Noida Authority has come forward to [...] Continue Reading »
More than 500 buildings with violations have been identified in Chennai and notices are served under Tamil Nadu town planning Act. Several innocent people who are ignorant of building norms and town planning rules end up buying such buildings. Flat buyers in the city should check the building norms and parking allotments, as the possibility [...] Continue Reading »
Real estate is the second largest employment generating sector, which will be hit by the decision to increase repo rate by the Reserve Bank of India for the third time since May this year. Out of total price of a flat, some 36% amount goes as tax to the government. Since March 2010, the RBI [...] Continue Reading »
Mumbai-based RNA Builders (NG) have to pay Rs 1 lakh fine for the failure in handing over the flats to their buyers. The forum National Consumer Disputes Redressal Commission then ordered the builder to return the money along with compensation.The complainants, however, were aggrieved at this ruling as they did not want the money, but [...] Continue Reading »
