Flat in Mumbai
A builder in Mumbai has been penalized for terminating a sale agreement of a flat on the grounds of alleged late payment which brings in relief to the buyer. Maharashtra State Consumer Disputes Redressal Commission has directed the builder to pay Rs 2.25 lakh as compensation to the buyer in Kandivali. The Redressal Forum observed [...] Continue Reading »
Citibank, the leading foreign bank had put a flat for sale in 2008 in Malabar Hill‘s IL Palazzo building and Vinod Khanna, bollywood actor was the highest bidder with a record bid of Rs 1.20 lakh a sq ft for the 2,550 sq ft flat. But the actor did not go through the flat at that time. [...] Continue Reading »
In present economic scenario, the real estate in India is struggling to get its pace. But Mumbai real estate has once again recorded the most expensive apartment deal in the country. A 28th-floor flat in Tahnee Heights, a residential skyscraper on Nepean Sea Road in south Mumbai, has sold at Rs 1.20 lakh a square [...] Continue Reading »
MHADA has sold 11267 flat in Mumbai through lottery in last three years. It is found that still 5505 flat owners are waiting for getting the possession of the flats. MHADA had announced the results of another lottery, though; none of the winners of the 2011 lottery have managed to get the keys to their [...] Continue Reading »
Real estate is witnessing such a boom India, wherein the property prices have been fluctuating with the rise of every dawn. The real estate has spared no land it includes even the rural areas, townships and big localities in each and every corner of the country. This is what is bothering the property buyers in [...] Continue Reading »
Cordcon Builders Pvt Ltd will have to pay the amount to one of its residents, Anant Shirotiya as reimbursement for the money he spent on repairing the damage and the mental agony he suffered due to the leakage. In March 2002, Shirotiya booked a flat in Cordcon’s high rise, Sagar City. Shirotiya noticed dampness in [...] Continue Reading »
