india

Builder held for duping investors of ₹38 lakh

He promised plots on Ajmer-Jaipur Road A 40-year-old builder has been arrested from Jaipur for allegedly duping investors of ₹38 lakh on the pretext of giving them plots on Ajmer-Jaipur Road, the police said on Wednesday. The accused, Anil Kumar Sharma, is the chief managing director of a construction firm he started in 2000 in […]

cities

Flat delay: Builder to pay buyers back with 9% annual interest

Failure to hand over a flat booked by two Santacruz residents has cost a developer dear, after the National Consumer Disputes Redressal Commission (NCDRC) asked the developer to refund the entire amount received from the complainants along with ₹1.30 crore as interest. M/s. Sun Vision Emerald, the developer, has been asked to refund ₹2.75 crore, the […]

india

Builder asked to pay ₹1.29 lakh for delay in handing over house

And another ₹1 lakh for causing hardship to home-buyer Home-buyers, who were given possession of a flat much after the date prescribed in the agreement, were in for a relief after the Telangana State Consumer Disputes Redressal Commission directed the developer to pay ₹1,29,600 as compensation and another ₹1 lakh for causing ‘hardship’ to them. […]

india

Builder moves SC to review order

The court had ordered demolition of five apartment buildings at Maradu panchayat Two days before the end of Supreme Court’s deadline to demolish five apartment buildings in Maradu panchayat, a builder on Thursday moved the apex court to review its order, saying that the court was misled by the Kerala Coastal Zone Management Authority (KCZMA) […]

cities

SPPU removes chapter on builder DSK from commerce syllabus

Varsity removes chapter on DSK from syllabus Savitribai Phule Pune University has removed a chapter on city-based real estate developer D.S. Kulkarni, an accused in a multi-crore cheating case, from the commerce curriculum for undergraduate course. The chapter on Kulkarni titled ‘Leader in Real Estate Business’ was part ofYashogatha, a textbook written by P.C. Shejwalkar […]