The National Consumer Disputes Redressal Commission (NCDRC) has ruled that an offer of apartment possession without an occupancy certificate (OC) does not amount to a legal offer, reaffirming homebuyers’ right to seek refunds in delayed housing projects. The NCDRC has ruled that offering possession without an occupancy certificate is invalid, reaffirming homebuyers’ right to claim […]
MUMBAI: The sessions court has granted anticipatory bail to a 54-year-old real estate developer accused of cheating a Bandra-based builder of around ₹52 crore in a Vile Parle slum rehabilitation project. Real estate developer granted pre-arrest bail in ₹52-Cr cheating case Additional sessions judge NG Shukla granted bail to the accused, Kedar Bhikaji Bapat, and […]
The Maharashtra Real Estate Regulatory Authority (MahaRERA) has held that a developer cannot forfeit the entire amount paid by a buyer if the agreement for sale has not been executed and the booking is later cancelled. The MahaRERA clarified that in such cases, the developer can deduct only 2% of the flat’s cost as cancellation […]
