Project delay
It is known that thereal estate projects in India are being held up in several metro cities. There are several reasons behind this delay on project completion. It is noticed that projects approvals are very slow in several states. The primary and major reason in project delay is delay in getting regulatory approvals. Investor activity [...] Continue Reading »
The Bangalore Urban District Consumer Disputes Redressal Forum has ordered the SJR builder to pay compensation to a petitioner for not handing over an apartment in Bangalore on time. The complainant had booked an apartment at SJR Luxuria with SJR Enterprises situated in Arakere, Bangalore. As on April 26, 2011, the petitioner had paid Rs [...] Continue Reading »
A recent study made by a real estate consulting firm has revealed the fact that about 74 per cent home buyers across India are negotiating for a ready-to-move in property. Due to delay in construction, people are less interested in investing in newly launched projects. The survey was conducted in Delhi, Mumbai, Kolkata, Bangalore, Kochi, [...] Continue Reading »
