Mumbai: An agreement has been executed for builders which state that either free them of the liability to pay interest or return payment of agreed interest if they delay the project.
Case Study: a home buyer named Dr. Ambuj Choudhary had booked a flat in Omaxe Parkwood in Himachal Pradesh which was constructed by Omaxe builders. Base price was Rs 16,94,550 and possession time was after 18 months. Mr. Choudhary paid 3 lakh as deposit in 2016.
Construction was delayed due to necessary approvals had not been obtained from the authorities. In March 2009, a formal letter was presented for sale of flat. Mr. Choudhary paid full amount with time to time installments through a housing loan from IDBI. But the construction did not begin Mr. Choudhary sent letters and legal notices, but the builder did not respond….Read More
Noida: On Wednesday in a meeting with (Nefowa) Noida Extension flat owners welfare Association MLA Pankaj Singh assured the home buyers that he will personally look into this matter and visit all under construction buildings of Noida and Greater Noida to check the current situations of the projects.
Before the UP election 2017 home buyers had started a “No House No Vote” campaign but it was withdrawn after they got assurance from BJP national leader that they will implement real estate regulatory act (RERA) soon in the state.
Home buyers also requested the MLA Pankaj Singh to fix a meeting directly with CM Yogi Aditya Nath so that they can personally explain him about this issue.
Officials from Pankal Singh’s office said “ we will provide our full support and cooperation to the home buyers and also look into the matter of implementation of RERA in Uttar Pradesh…….read continue
Maharashtra: CM Devendra Fadnavis on Tuesday has finalized the rules of the much awaited bill for the home buyers (RERA) with pro-buyers norms and almost on the same line of center’s bill, which will be notified in this week only.
All the rules and changes approved by CM on Tuesday will be notified by the state housing department but it will only be implemented after the center government approves all the 92 provisions of it.
In a statement from government officials they said that “ many acts are not implemented for years due to the delay in submitting rules…..continue read
Gurgaon: The department of town and country planning (DTCP) on Thursday sealed 10 flats, meant for the economically weaker section (EWS), in Garden Estate group housing society in Sector 24. The project was taken over by the department more than two decades back and over the years, 11 of the EWS flats were illegally occupied. Now, most of these flats were vacated and sealed. Only the occupant of one flat has been given a day’s time to vacate.
Officials told TOI the flats were vacated and sealed following the direction of the District Consumer Redressal Forum (DCRF) in Gurgaon. “Soon, we will conduct a draw of lots for allotment of these flats to eligible people as per the direction of the forum,” said district town planner (enforcement) Rajendra Sharma.
DTCP had given licence to Gulmohar Estate Pvt Ltd in 1985 for developing Garden Estate group housing society. However, in 1995, the department cancelled the licence of the project, following complaint of irregularities in allotment of EWS flats. “The project was then over taken by the government and senior town planner of Gurgaon was made the administrator of Garden Estate,” said district town planner (planning) Mohan Singh.
Around the time, about 20 people led by Saveena Singhla had approached the National Consumer Disputes Redressal Commission, seeking allotment of EWS flats in the society. “After several years of hearing, the forum in 2015 directed DCRF to ensure allotment of EWS flats to eligible people. The DCRF, in turn, directed the DTCP to carry out the allotment,” assistant town planner RS Batth said…..Read more
RM | March 7, 2017 | Tuesday
New Delhi: Union Minister for urban development and housing Mr. Venkaiah Naidu said that we have written to the states for exempting affordable houses from stamp duties which is 4% to 8% of the transaction value.
The union minister did ensured that there was no tax escalation for the housing industry, especially for the affordable housing, following the implementation of GST (goods and services tax), while addressing the CREDAI, the Confederation of Real Estate Developers’ Associations of India.
The minister expressed his helplessness vis-a-vis the exclusion of stamp duty from GST, saying, “States have, in their wisdom, not adhered to the inclusion of stamp duty under GST.” “Thus, we need to move forward from this debate,” he said.
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