Interest
Home buyers are taken for a surprise when they are asked to pay under interest subvention scheme. Under this scheme, some of the buyers who have made a payment of initial amount have this right of not paying the EMI (equated monthly installment) for the time period when the property is under construction till its [...] Continue Reading »
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 »
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 »
