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NA plot developer booked for cheating home buyers

NA plot developer booked for cheating home buyers

Nearly 23 years after he floated the scheme of river-facing Non-Agricultural (NA) plots in the picturesque Malavli in Maval tehsil close to Pune, a Borivali-based land developer has been booked on charges of cheating and criminal breach of trust by Pune rural police for allegedly defrauding second home buyers from Mumbai and Pune. The FIR […]

If home project delayed, builder to lose right over it

If home project delayed, builder to lose right over it

The state’s real estate watchdog, MahaRERA, on Thursday issued a standard operating procedure (SOP) to allow home buyers to remove a developer in a delayed project, which will then be given to an expert panel to help complete it. The authority clarified it can take act only in non-litigated cases. “It will help finish all […]

Homebuyers want to Take Over Debt-laden Property Developers

Homebuyers want to Take Over Debt-laden Property Developers

A WAY OUT An association of apartment-buyers submitted a plan to revive Kindle Developers, which failed to deliver homes after accepting payments. Staff cooperatives have already registered their presence in the list of potential acquirers of Indian companies put into administration. In a first, homebuyers are now seeking to take over property developers sunk in […]

Wadhwas to refund homebuyer Rs 1.9 cr

Wadhwas to refund homebuyer Rs 1.9 cr

MAHARera orders Wadhwa Realty to refund homebuyer after developer fails to give possession on time. MAHARera allows buyer to withdraw from GHatkopar project and awards him a compensation of Rs. 2 Lakh; Wadhwa Residency Pvt Ltd appeal against order. The Maharashtra Real Estate Regulatory Authority (MahaRERA) has directed Wadhwa Residency Pvt Ltd to refund a […]

Kanakia Group’s building gets notice from BMC

Kanakia Group’s building gets notice from BMC

Boomerang, the prime commercial building developed by Kanakia Group, in Chandivali, has been attached by the Brihanmumbai Municipal Corporation for nonpayment of property taxes to the tune of Rs 7.36 crore. The notice issued by the Superintendent and Assistant Assessor and Collector of “L” ward was pasted by BMC officials inside the building on Saturday. […]

1000 SRA projects pending for 15 years, govt wants more care in finalising builders

1000 SRA projects pending for 15 years, govt wants more care in finalising builders

Minister of State for Housing Ravindra Waikar said on Thursday it is necessary to select developers who have a good track record and have the financial capability to undertake and complete a slum redevelopment project within a given time period. TO cut delays in slum redevelopment schemes under the Slum Rehabilitation Authority (SRA), the agency […]