Browsing Tag

real estate delays

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In a landmark order, the Supreme Court directed a CBI inquiry into DLF's premium Gurugram project 'The Primus,' citing a glaring mismatch between promised luxury amenities and on-ground realities, while slamming authorities for failing to protect homebuyers who invested life savings.

Here’s Why the Supreme Court Initiated a CBI Probe into DLF’s The Primus Project

In a landmark order, the Supreme Court directed a CBI inquiry into DLF’s premium Gurugram project ‘The Primus,’ citing a glaring mismatch between promised luxury amenities and on-ground realities, while slamming authorities for failing to protect homebuyers who invested life savings.
In a major win for homebuyers, MahaREAT has ruled that "soft possession" without an Occupation Certificate does not count as lawful possession under RERA.

A Registered Agreement for Sale Is NOT Mandatory for RERA Relief

In a boost for homebuyers, MREAT rules that allotment letters and receipts suffice for RERA claims, ordering Siddhitech Homes to refund Rs. 19.5 lakh to Kapadia sisters with interest from 2012 in the stalled Lake Riveira project, emphasizing no formal agreement is mandatory for relief.
MahaREAT has ruled that homebuyers who file civil suits first for possession and interest cannot later file RERA complaints for identical reliefs, dismissing RERA complaints as non-maintainable due to forum shopping.

MahaRERA Stops Lender’s Bid to ‘Hijack’ Stalled Project: IIFL’s Promoter Change Plea Rejected

In a decisive blow to lender overreach, MahaRERA dismissed IIFL’s plea to revoke Shreeji Enterprises’ role in the stalled Woodshire project, emphasizing RERA’s focus on allottees over private disputes. The order also grants partial relief to a homebuyer, probes potential double sales, and imposes a project freeze, highlighting ongoing challenges in India’s real estate sector.
In a significant win for homebuyers, MahaRERA and the Appellate Tribunal upheld a 2005 booking despite the handling director's death and promoters' denial of knowledge, directing execution of agreement for an equivalent flat or refund with interest — a reminder of RERA's buyer protections even in legacy cases.

Flat Delayed, Money Stuck? 98 Mumbai Buyers Dragged the Builder to Bankruptcy Court – Here’s How Section 7 Saved Them

In the Avenue 54 case, NCLAT upheld homebuyers’ right to file insolvency petitions via associations, provided proper authorizations are in place. This article explains Section 7 of IBC, who can use it, and why it’s a powerful tool against errant builders.