Stay updated with breaking news from Goregaon pearl. Get real-time updates on events, politics, business, and more. Visit us for reliable news and exclusive interviews.
Arbitration, ADR, Goregaon Pearl CHSL, Co-op. Housing Society, S. L. Partners livelaw.in - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from livelaw.in Daily Mail and Mail on Sunday newspapers.
Mumbai: Consumer Commission Directs Society to Refund Around ₹1.5 Cr Each to Flat Buyers freepressjournal.in - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from freepressjournal.in Daily Mail and Mail on Sunday newspapers.
MahaRERA Asks Developer to Pay Rs60 Lakh as Penalty for Delay in Possession Moneylife Digital Team 1 In a recent order, the Maharashtra Real Estate Regulatory Authority (MahaRERA) has directed Conoor Builders to pay a home-buyer in its Gateway project at Andheri (West), interest at marginal cost lending rate (MCLR) of SBI plus 2% for a three-year delay in possession. According to the home-buyer’s lawyers, the total penal amount is estimated to be around Rs60 lakh.
MahaRERA member, Vijay Satbir Singh, in his order, clarified that the builder cannot transmute its statutory liability to the land owner as there is no privity of contract between the complainant and the land owner (AH Construction) since land owner is not party to the registered sale agreement executed between the complainant and the respondent. ....
Representative image MUMBAI: MahaRERA in a recent order directed Conoor Builders to pay the owner of a flat in its Gateway project at Andheri west interest at marginal cost lending rate of SBI plus 2% for a nearly three-year delay in possession. The flat buyer’s lawyers pegged the amount at around Rs 60 lakh. MahaRERA member, Vijay Satbir Singh, in his order has also stated the builder cannot shift its statutory liability to the land owner as there is no privity of contract between the complainant and the land owner since it is not party to the registered sale agreement executed between the complainant and the respondent. ....
MahaRERA asks Conoor builder to pay buyer Rs 60 lakh for delay BySanjeev DevasiaSanjeev Devasia / Updated: Jan 9, 2021, 09:44 IST money rep - Copy MUMBAI: MahaRERA in a recent order directed Conoor Builders to pay the owner of a flat in its Gateway project at Andheri west interest at marginal cost lending rate of SBI plus 2% for a nearly three-year delay in possession. The flat buyer’s lawyers pegged the amount at around Rs 60 lakh. MahaRERA member, Vijay Satbir Singh, in his order has also stated the builder cannot shift its statutory liability to the land owner as there is no privity of contract between the complainant and the land owner since it is not party to the registered sale agreement executed between the complainant and the respondent. ....