Tag: Purchaser

SRA scheme is in doldrum due to realty slowdown

October 31, 2008 – 12:17 am

The much-hyped slum rehabilitation authority (SRA) scheme of the Maharashtra government is in doldrums. This follows a steep slump in the real estate market. One of the biggest players in SRA schemes said, “I have decided to pull out completely. It just doesn’t make sense to get involved in these schemes anymore.” With many SRA […]

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Deepak Parekh Proposes Real Estate Regulator

June 18, 2008 – 12:03 am

HDFC chairman Mr. Deepak Parekh has advocated the need for a real estate regulator in an attempt to protect the interest of property buyers in the country. In his letter to HDFC shareholders, Mr. Parekh has written, “The real estate sector has been growing rapidly and is a sensitive sector given its strong inter-linkages to […]

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

May 14, 2008 – 5:17 am

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 […]

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