Tag: #PropertyDisputes

Bhubaneswar ADM Serves Show-Cause Notice to Builder for Defying ORERA Compensation Order

December 12, 2024

BHUBANESWAR: The Additional District Magistrate (ADM) of Bhubaneswar has issued a show-cause notice to a city-based real estate developer for failing to comply with an Odisha Real Estate Regulatory Authority (ORERA) directive. The order, issued in 2019, directed the builder to compensate 18 aggrieved homebuyers with Rs 87.94 lakh due to delays in delivering a […]

Bhubaneswar ADM Serves Show-Cause Notice to Builder for Defying ORERA Compensation Ordermore

LIC Housing Finance Labels Agora City Centre as a Stressed Asset

December 2, 2024

VADODARA: LIC Housing Finance Ltd (LICHFL) has officially declared the Agora City Centre, situated on Mangal Pandey Road near VUDA Circle, as a stressed asset. The housing finance giant has subsequently sold the project to an asset reconstruction company (ARC). Despite being envisioned as one of the most luxurious real estate projects in Vadodara, Agora […]

LIC Housing Finance Labels Agora City Centre as a Stressed Assetmore

Delhi HC Initiates Suo Motu Action on Property Mutation Challenges in Urbanized Villages.

September 5, 2024

NEW DELHI: The Delhi High Court has taken suo motu notice of the difficulties faced by residents of over 300 “old urbanized” and “declared urban” villages in transferring or “mutating” their ancestral properties. This move has brought much-needed relief to thousands of people living in these areas. Many of them have struggled for years with […]

Delhi HC Initiates Suo Motu Action on Property Mutation Challenges in Urbanized Villages.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

UP-RERA Refers 250 Possession-Related Cases to Adjudicating Officers’ Courts.

August 12, 2024

NEW DELHI: The Uttar Pradesh Real Estate Regulatory Authority (UP-RERA) has escalated 250 cases concerning the possession of properties to the courts of adjudicating officers stationed at the Lucknow headquarters and the Gautam Budh Nagar office. Of these, approximately 130 cases have been directed to the adjudicating officer at the Lucknow office, while about 120 […]

UP-RERA Refers 250 Possession-Related Cases to Adjudicating Officers’ Courts.more

Karnataka HC: Disgruntled Home Buyers Must Identify Promoters in Complaint.

July 23, 2024

In a recent ruling, the Karnataka High Court emphasized the necessity for home buyers to name the promoters in their complaints against real estate companies. This comes in response to a common issue where real estate firms declare insolvency while their promoters continue to thrive financially. Some promoters exploit this situation by declaring bankruptcy and […]

Karnataka HC: Disgruntled Home Buyers Must Identify Promoters in Complaint.more