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...

Haryana REAT Dismisses TDI Infrastructure's Application For Condonation Of 193-Day Delay In Filing Appeal

The Haryana Real Estate Appellate Tribunal (Tribunal) comprising of bench of Justice Rajan Gupta (Chairman) and Shri Rakesh Manocha (Technical Member) has dismissed the TDI Infrastructure application for condonation of a 193-day delay in filing the appeal before the Tribunal. Tribunal observed that the reasons provided by the builder for the delay in filing the appeal were unconvincing...

Karnataka RERA Directs Ozone Urbana Infra Developers To Refund Rs. 61.6 Lakh To Homebuyer For Delayed Possession

Karnataka Real Estate Regulatory Authority (Authority) bench, comprising GR Reddy (Member) has directed Ozone Urbana Infra Developers to refund Rs. 61.6 Lakhs to the homebuyer for the delayed possession. Background facts The homebuyer (Complainant) entered into an agreement for sale to purchase a flat in the builder's (Respondent) project named Ozone Urbana on July 10, 2018. Later,...

Karnataka RERA Holds Shriram Properties Liable For Delayed Possession, Orders 12.77 Lakhs Interest To Homebuyer

Karnataka Real Estate Regulatory Authority (Authority) bench, comprising GR Reddy (Member), has directed Shriram Properties to pay Rs. 12.77 Lakhs to the homebuyer as interest for delay in handing over possession of the flat. Background Facts Homebuyer (Complainant) purchased a flat in the builder's (Respondent) project named Shriram Summitt by entering into an agreement for sale...

Competition Commission Closes Complaint Against Honda Motorcycle Filed By Former Dealer, Holds Dispute To Be Commercial In Nature

The Competition Commission of India (Commission) bench, comprising Ms. Ravneet Kaur (Chairperson), Mr. Anil Agrawal (Member), Ms. Sweta Kakkad (Member) and Mr. Deepak Anurag (Member) has closed the complaint filed against Honda Motorcycle & Scooter India by its former dealer. The bench found that the facts of the complaint pertain to commercial disputes arising from the agreement and...

MahaRERA Directs Lucina Land Development To Refund Homebuyer's Money After Deducting 2% Of Total Consideration

Maharashtra Real Estate Regulatory Authority (Authority) bench, comprising Mahesh Pathak (Member – I), has directed Lucina Land Development to refund the amount paid by homebuyer without interest after deducting 2% of the total consideration. Background Facts Homebuyer (Complainant) booked a flat in the builder's (Respondent) project named Indiabulls Green, located in...

District Commission Holds One Plus Technology India Private Limited & Service Provider Liable For Deficiency In Service And Unfair Trade Practices

The District Consumer Disputes Redressal Commission Ernakulam comprising Shri. D.B. Binu (President), V. Ramachandran (Member) and Sreevidhia T.N (Member) held the seller and the manufacturer of a mobile phone liable for deficiency in service and unfair trade practice as the mobile phone displayed defects and the grievances of the Complainant remained unaddressed for a long time....

Delhi District Commission (South) Holds M/s Adinath Properties Pvt. Ltd. Liable For Unfair Trade Practices For Making Offer Of Possession Without OC/CC

The District Consumer Disputes Redressal Commission-II (South) held M/s Adinath Properties Pvt. Ltd. liable for unfair trade practices and deficiency in service for making an offer of possession without providing the Occupancy Certificate and Completion Certificate to the Complainants. The Bench presided by Mrs. Monica A. Srivastava (President) and Kiran Kaushal (Member) held that absence of an Occupancy Certificate and the failure to abide by the contractual obligations amounted to...