Tag: #S M Kantikar

NCDRC

Anamika real estate developer in Mumbai fined by NCDRC for delaying possession.

October 15, 2019

Apex consumer commission NCDRC has strongly imposed a fine of Rs 25 lakhs for unfair trade practices on a Mumbai-based real estate company and its Director for failure to hand over possession to two home buyers. Anamika Real Estate Private Limited and its director Nitin N Mehta have been placed on “stern advice of caution” […]

Anamika real estate developer in Mumbai fined by NCDRC for delaying possession.more
NCDRC

Developers are responsible to refund amount with interest equivalent to Home loan interest rate – NCDRC.

July 8, 2019

By Abhay Shah, Realty Quarter The National Consumer Disputes Redressal Commission (NCDRC) has said that developers should repay money for delayed projects with interests at the rate at which the nationalized bank such as SBI provides home loans during the era concerned, in order to guarantee that homebuyers retrieve their cash, including interest on house loans. The […]

Developers are responsible to refund amount with interest equivalent to Home loan interest rate – NCDRC.more