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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 […]
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 […]
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. […]
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) […]
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 […]
A local Gurugram court declared a real estate developer a proclaimed offender for failing to deliver a project and honour the cheque given to homebuyers as a refund. The court also directed that the bank account of the developer be attached and sought a report on it by September 16. The order was issued in […]