Tag: Possession

Residential Project launched in Mumbai

Borivli, in Mumbai‚Äôs western suburb is to be gifted with a residential project brought by Gitanjali Gems Ltd who is the leading diamond jewelery manufacturer and retailer. The project is spread over an area of 400,000 sq ft. the project consists of two similar wings residential towers having 28 stories each with ultra modern amenities […]

CCI to Look into General Buyer Problems

Competition Commission of India (CCI) has decided to take action against the malpractices taking place in the real estate sector. While any specific complaints would be dealt with, misleading the buyers would also be considered as a malpractice. Some sources revealed that apart from the general complaints of conditions of sale agreements, change in terms, […]

Builder Can’t Deny Compensation For Delay In Flat’s Delivery

The National Consumer Commission has held that a builder cannot deny compensation to a buyer on its failure to deliver a flat within a stipulated time. The Commission rejected a contention of the builder, pleading that it should not be directed to pay any compensation for delay in delivery of flat as the prices of […]