It took over 48 hours, several rounds of search and help from a payment service provider for autorickshaw driver Devesh Pratap to be able to get in touch with the customer and hand over his valuable possessions.
Days after the Supreme Court ordered time-bound reconstruction of flats in Sector 109’s Chintels Paradiso and asked the developer to extend rental support to affected flat owners, residents said the apex court hasn’t given relief from the day the flats were vacated. Also, no reconstruction timeline has been fixed, they claimed. The developer stopped rental support to the affected flat owners from May last year, when it offered two compensation options. Under the buyback offer, it proposed to pay Rs 6,500 per sq ft, along with the actual stamp duty and renovation costs. Under reconstruction offer, it proposed rebuilding and delivering to each flat owner another flat the same size as theirs. RWA president Rakesh Hooda said there was no consideration for residents of other towers of the residential project. “Also, there is no compensation for the harassment and inconvenience for homeowners who have gone through a horrific period. Instead, they face another four to five y
India Business News: India's biggest real estate developer, DLF Ltd., sold all luxury apartments in a $865 million project near New Delhi. The 1,113 residences were sold i
However, nothing much has changed on ground as violators continue to set up unauthorised colonies and cheat investors and prospective homebuyers of their hard-earned money.