Tag: #Supreme Court

What is the maximum amount chargeable by a housing society for transfer charges, as per the law?

August 9, 2019

By Abhay Shah, Realty Quarter The Maharashtra Government lately increased the stamp duty by 1% including for the sale, donation and transfer, and further increases in stamp duty and registration charges are possible. However, a conflict which afflicts property owners and buyers is somewhat nearer to home – transfer fees for the sales and transfer of shares and rights to apartments in a building by a cooperative housing society. At the time of sale of the […]

What is the maximum amount chargeable by a housing society for transfer charges, as per the law?more

Supreme Court orders, delayed houses can’t be forced to be obtained by home buyers.

August 5, 2019

By Abhay Shah, Realty Quarter A builder cannot “force” a buyer to take over a ready house if it is postponed. The Supreme Court ordered that the client will seek a refund. Making an order from the National Consumer Disputes Redressal Commission to a builder based in Pune, the SC bench comprising Justices U U Lalit and Vineet Saran stated, “While the villa is ready to be occupied (as the appellants affirm), the delay of almost five years is an important factor and the negotiations can now be imposed on the participants. Therefore, […]

Supreme Court orders, delayed houses can’t be forced to be obtained by home buyers.more

Around 220 projects in top 7 cities with 1.74 lakh homes are stalled: Latest Report.

July 29, 2019

By Abhay Shah, Realty Quarter The landmark verdict of the Supreme Court on Amrapali developers lifted the hopes of house buyers who are futilely waiting for their houses to be delivered. While similar developments are waiting for about other stuck projects, the Apex Court has established a precedent with a resounding message – compliance or […]

Around 220 projects in top 7 cities with 1.74 lakh homes are stalled: Latest Report.more

Supreme Court cancels the registration of Amrapali and nominates NBCC for project completion.

By Abhay Shah, Realty Quarter On Tuesday, the Supreme Court told the state to take hard measures against erroneous developers, cancel their lease deeds on illegal situations, and maintains the delivery of projects within a time frame and gave an instance of Major Amrapali’s distressed real estate for siphoning off thousands of hard-earned house owners money. The […]

Supreme Court cancels the registration of Amrapali and nominates NBCC for project completion.more

Supreme Court demands the government to submit a list of states where the RERA act is not been enacted completely.

July 22, 2019

By Abhay Shah, Realty Quarter On 18 July, the Supreme Court demanded the Government to provide a list of states where there is no RERA Authority and the appellate tribunal been formed. The Apex court heard a case concerning the constitutional challenge brought against the right of the financial creditors to home buyers by a […]

Supreme Court demands the government to submit a list of states where the RERA act is not been enacted completely.more

Government of Maharashtra says that builders do not need to give excess land – SC Approves.

July 5, 2019

By Abhay Shah, Realty Quarter Under the new defunct Urban Land (Ceilings and Regulation) Act (ULCRA), builders will no longer have to surrender surplus land for public housing. On Tuesday, the Supreme Court approved the consent terms which was signed between the state government and the builder’s body, Maharashtra Chamber of Housing Industry. The agreement says that builders can now […]

Government of Maharashtra says that builders do not need to give excess land – SC Approves.more

Bombay High Court will come to a conclusion for Esplanade Heritage Mansion.

May 23, 2019

By Abhay Harish Shah, Realty Quarter Bombay High court is going to decide about Mumbai’s most historical building future. Will Mumbai lose its historical Esplanade Mansion? India’s oldest cast-iron building on the list of 100 world monuments at risk? The fate in Bombay’s high court can now rest on the 156-year-old historic building. A report […]

Bombay High Court will come to a conclusion for Esplanade Heritage Mansion.more

Home buyers can claim refund along with 10% interest in case of flat gets delayed beyond 1 year – NCDRC Rule.

May 17, 2019

By Abhay Harish Shah , Realty Quarter The National Consumer Disputes Redressal Commission (NCDRC) is now supporting homebuyers who have been struggling to take possession of their homes for years. The customer committee at Apex has established a one-year deadline for stalled real estate projects after which home buyers can request a refund from the developer if the […]

Home buyers can claim refund along with 10% interest in case of flat gets delayed beyond 1 year – NCDRC Rule.more

Tag: #Supreme Court

Sign Up for our Free Newsletter