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Noida Authority exempts flat owners from paying fine

Noida Authority exempts flat owners from paying fine
The Noida Authority has given relief to cooperative group housing flat owners who had failed to get their properties registered after purchasing stamp papers within the Supreme Court’s deadline of January 26, 2012. The Authority has decided to exempt them from paying the penalty of Rs 100 per day for the period after the purchase [...] Continue Reading »

Avalon launches project near Delhi

Avalon launches project near Delhi
Avalon Group announces the launch of its biggest project in Bhiwadi.  The 1,100 flats project in Delhi, spread over 15 acres, is estimated to ensure a sale price of Rs 400 crore. .  The project is called The Royal Park project. The company disclosed that the average price would be Rs 2,300 to Rs 2,600 [...] Continue Reading »

Builders face demands of Panchayat in Goa

Builders face demands of Panchayat in Goa
Any builders who undertake projects of five flats and more in Carambolim in Goa is to face demands charted out by locals which are passed by the Carambolim panchayat. In the gram sabha, members considered issues related to the construction activity in the village taking into account garbage disposal, water and power supply. Several members [...] Continue Reading »

BJP MP’s firm financed 10% of Adarsh flat-buyers

BJP MP’s firm financed 10% of Adarsh flat-buyers
The San Finance Corporation (SFC), which has Rajya Sabha member Ajay Sancheti (BJP) as a partner, has financed nearly one-tenth of the 103 flats of the scam-hit Adarsh cooperative housing society. Abhay Sancheti, another partner of the firm told the two-member judicial panel looking into Adarsh’s irregularities, that it ‘granted loans to 10 people’ who [...] Continue Reading »

Noida flat owners association to move court against builder

Noida flat owners association to move court against 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 »

Delayed handing of flat made builder pay!

Delayed handing of flat made builder pay!
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 »

Lily ponds demolished without residents’ consent

Lily ponds demolished without residents’ consent
There has been many demolitions going on in cities based on illegal constructions or violating Floor Space Index (FSI). Similar incident happened recently in a flat in Juhu, Mumbai where extra spaces including lily ponds and deck areas were demolished by BMC, On July 30, municipal corporation ordered either the places taking extra floor space [...] Continue Reading »

Pune Builder to pay Rs 45 Lakh to Flat Buyer for a Flat worth Rs 6.5 Lakh

Pune Builder to pay Rs 45 Lakh to Flat Buyer for a Flat worth Rs 6.5 Lakh
In recent, a best case has been seen how the builders/developers exploit the consumers. In February 2001, Prashant Kulkarni booked a flat measuring around 975 sq ft for Rs 6.5 lakh in a building which was to be constructed by the builder Vijay Wagh at Kothrud. The possession was to be handed over on or [...] Continue Reading »



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