MahaRERA Directs Piramal Estates To Refund Money Paid By Three Homebuyers, After Deducting 2% Of Total Consideration Amount

Maharashtra Real Estate Regulatory Authority (Authority) bench, comprising of Mahesh Pathak (Member – I) has directed Piramal Estates to refund the amount paid by three homebuyers after deducting 2% of the total consideration. Background Facts The homebuyers (Complainants) booked their respective flats in the builder's (Respondent) project, Vaikunth Cluster 4, located in Thane...

District Consumer Commission Kupwara Holds Cyclops Techno Med Pharmaceutical Distributors And Philips India Liable For Deficiency In Service

The District Consumer Disputes Redressal Commission Kupwara comprising Peerzada Qousar Hussain (President) and Ms Nyla Yaseen (Member) held Cyclops Techno Med Pharmaceutical Distributors and Philips India Pvt Ltd for selling a defective Ultrasound Sonography Machine to the Complainant. The Bench held that it was the duty of the Opposite Parties to ensure that the machine sold was...

Real Estate Monthly Digest: January 2025

Maharashtra Real Estate Appellate Tribunal MahaREAT Imposes Penalty Of Rs. 5 Lakhs On Spenta Builders For Violating Airport Authority Of India Height Restrictions Case – Sagar Sarjerao Nikam & anr Versus Spenta Builders Private Limited Citation – Appeal No. AT006000000042033/2020 Maharashtra Real Estate Appellate Tribunal (Tribunal) comprising Justice Shriram R....

NCDRC Directs Builder To Pay Delayed Compensation To Homebuyer Until Occupation Certificate Was Received

National Consumer Disputes Redressal Commission (Commission) bench comprising of Subhash Chandra (Presiding Member) and AVM J. Rajendra (Member) directed builder to pay compensation for the delay to the homebuyer until the date the occupation certificate was received. The homebuyer who took possession in October 2015 filed complaints before the National Commission, claiming...

Ernakulam District Consumer Commission Dismisses Complaint Against Indian Overseas bank For Delay In Disbursing Lottery Prize Money

The District Consumer Disputes Redressal Commission Ernakulam, Kerala dismissed a complaint against the Indian Overseas Bank filed under Section 35 of the Consumer Protection Act, 2019. A Bench of Shri.D.B.Binu (President), Shri.V.Ramachandran (Member) and Smt.Sreevidhia.T.N (Member) held that the complaint was liable to be dismissed as the evidence suggested that the amount was credited...

Delhi REAT Holds Homebuyer Who Booked Flat Under Buy-Back Scheme As Allottee, Remands Matter To Delhi RERA

Real Estate Appellate Tribunal, NCT of Delhi (Tribunal) comprising of Justice Chander Shekhar (Chairperson) and Lorren Bamniyal (Judicial Member) held in favour of the homebuyer who had booked a flat under the Buy Back scheme. The Tribunal concluded that the homebuyer falls within the definition of 'allottee' and remanded the matter to the NCT Delhi Real Estate Regulatory...

Telangana RERA Penalises Builder For Unilaterally Cancelling Homebuyers Allotment, Also Holds Real Estate Agent Liable

Telangana Real Estate Regulatory Authority (Authority) bench, comprising K. Srinivasa Rao (Member) and Laxmi Narayana Jannu (Member) has imposed a penalty of Rs. 8.57 lakh each on the builder and the real estate agent for unilaterally canceling the allotment of the homebuyer and violating the provisions of the RERA, 2016. Background Facts The homebuyers purchased flats in the...

Haryana RERA Directs Imperia Structures To Pay Assured Returns To Complainant

Haryana Real Estate Regulatory Authority (Authority) bench, comprising Vijay Kumar Goyal (Member) directed Imperia Structures to pay assured returns to complainant who purchased an office in their project under the Assured Returns scheme. Assured returns projects are schemes where builders promise to pay a fixed amount to homebuyers at regular intervals (usually monthly) for a...

West Bengal REAT Restrains Yes Bank From Taking Possession Of Flats And Selling Them At Auction To Recover Loan Provided To Builder

West Bengal Real Estate Appellate Tribunal (Tribunal), comprising Justice Rabindranath Samanta (Chairperson), Gour Sunder Banerjee (Judicial Member) and Dr. Subrat Mukherjee (Administrative Member) restrained Yes Bank from taking possession of the flats and selling them at auction to recover the loan provided to the builder. Background Facts Yes Bank filed eight appeals before the...

Haryana RERA Orders Emaar MGF To Pay Interest To Homebuyer For Delayed Possession

Haryana Real Estate Regulatory Authority (Authority) bench, comprising Vijay Kumar Goyal (Member) has directed Emaar MGF Land Limited to pay interest to the homebuyer for the delay in handing over possession. Background Facts Homebuyer (Complainant) purchased a flat measuring 1,720 sq. ft. in the builder's (Respondent) project named "Palm Gardens" located in Sector 83,...

Karnataka RERA Directs Mantri Developers To Refund Rs. 22.34 Lakh To Homebuyer For Delayed Possession

Karnataka Real Estate Regulatory Authority (Authority) bench, comprising GR Reddy (Member) has directed Mantri Developers to refund Rs. 22.34 Lakhs to the homebuyer for the delayed possession. Background Facts Homebuyer (complainant) booked a flat in the builder's (respondent) project named "Mantri Webcity 3C" located in Bangalore South, Bengaluru Urban in 2017 under the 10:90...

Failure To Protect Sensitive Data Leads To Unauthorized Transactions; Adjudicating Officer Holds Axis Bank Liable

The Adjudicating Officer at Mantralaya Mumbai under the Information Technology Act held Axis Bank Ltd. liable for negligence in a matter involving unauthorized transactions from the current account of Dhule Vikas Sahakari Bank Pvt Ltd maintained with the Axis Bank. It was observed that the failure to maintain reasonable security safeguards and implementing adequate measures...