Tag: #ConsumerRights

Sahiti Infratec Ventures and Its Promoters Allegedly Defraud Homebuyers of ₹842 Crore: ED

December 18, 2024

HYDERABAD: The Enforcement Directorate (ED) has accused Sahiti Infratec Ventures India Private Ltd (SIVIPL) and its associated entities of misappropriating funds amounting to ₹842 crore from homebuyers, leading to alleged wrongful gains for SIVIPL and its promoters. In a recent prosecution complaint filed in the PMLA (Prevention of Money Laundering Act) court, the ED stated […]

Sahiti Infratec Ventures and Its Promoters Allegedly Defraud Homebuyers of ₹842 Crore: EDmore

Buildox Fined for Accepting Flat Booking Amount Without Telangana RERA Approval

November 18, 2024

HYDERABAD: The Telangana Real Estate Regulatory Authority (TG RERA) has penalized Buildox Private Limited with a fine of ₹1.6 lakh and directed the refund of ₹2 lakh to a flat buyer for allegedly collecting a booking amount without obtaining the necessary approvals. The complainant, Sharath, alleged that Buildox was promoting and accepting payments for a […]

Buildox Fined for Accepting Flat Booking Amount Without Telangana RERA Approvalmore

Consumer Court Orders CanFin Homes to Pay Fine for Withholding Property Documents

October 10, 2024

BENGALURU: A consumer court has recently ruled against CanFin Homes Ltd, a housing finance company, for failing to return the property documents to a Bengaluru resident despite him having fully repaid his loan. The court has ordered the company to hand over all the documents and also compensate the borrower with over Rs 1.3 lakh. […]

Consumer Court Orders CanFin Homes to Pay Fine for Withholding Property Documentsmore

MahaRERA Grants Relief to Over 70 Buyers of Ruparel Skygreens Due to Delayed Possession.

September 17, 2024

MUMBAI: In a recent ruling, the MahaRERA has offered relief to more than 70 homebuyers who had purchased apartments in the Ruparel Skygreens project in Borivli. The promoter had failed to deliver the properties to the allottees, including those who had opted for the subvention scheme and the construction link plan scheme, by the agreed-upon […]

MahaRERA Grants Relief to Over 70 Buyers of Ruparel Skygreens Due to Delayed Possession.more

Regarding MahaRERA’s decision to establish a forum to resolve builder-buyer disputes, FPCE writes to the center of inquiry.

August 28, 2024

NEW DELHI: The Forum for People’s Collective Efforts (FPCE), an association representing homebuyers, has raised concerns over the Maharashtra Real Estate Regulatory Authority’s (MahaRERA) recent decision to establish and participate in a conciliation forum aimed at resolving disputes between builders and customers. FPCE argues that this move may overstep the authority’s legal powers and potentially […]

Regarding MahaRERA’s decision to establish a forum to resolve builder-buyer disputes, FPCE writes to the center of inquiry.more

Karnataka Government Seeks New K-RERA Chairperson.

June 30, 2024

The Karnataka State Government has announced a call for applications for the Chairperson position of the Karnataka Real Estate Regulatory Authority (K-RERA). HC Kishore Chandra, a retired Director General of Police, who served as K-RERA Chairperson, retired last month at the age of 65. He had been appointed in May 2021. According to Section 22 […]

Karnataka Government Seeks New K-RERA Chairperson.more

A Rs. 25,000 fine has been imposed on ICICI Home Finance for failing to execute a loan application for three years.

January 15, 2024

NAMAKKAL: A man has been ordered by the Namakkal District Consumer Disputes Redressal Commission (NCDRC) to receive Rs 25,000 from ICICI Home Finance for the three years that the company neglected to execute his loan application. In January 2019, R Murugesan, 46, a resident of Kothur near VG Patty in the district and a worker […]

A Rs. 25,000 fine has been imposed on ICICI Home Finance for failing to execute a loan application for three years.more