Buyer’s right to refuse possession of flat upheld in case of delay in construction by developer

Tuesday March 3, 2015. BY | Real Estate

By Varsha G. Subramanian In a recent case[1], the National Consumer Disputes Redressal Commission (“Commission”) disposed off three complaints regarding inordinate delay in construction of the projects in favour of flat buyers. The Complainants had

Maharashtra Housing (Regulation & Development) Act 2012: Overview – Part II

Tuesday May 6, 2014. BY | Law

By Shiju. P.V One of the main reason for the repeal of MOFA[1] was the lack of an effective regulatory arm to implement its provisions. As a result, flat buyers can only approach the consumer forums

Maharashtra Housing (Regulation & Development) Act 2012: Overview – Part I

Tuesday April 29, 2014. BY | Law

By Shiju P.V. With the Presidential assent to Maharashtra Housing (Regulation and Development) Act 2012 (the “Act”)[2] in February this year, the State is all set to establish a new authority to regulate the housing

Lenders beware, the property is leased

Monday April 7, 2014. BY | Real Estate

By Shiju. P. V The Supreme Court has given a very important judgement last week where the Court considered the validity of leases created on mortgaged property. The Court has examined whether the provisions of

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