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The Mumbai Consumer Disputes Redressal Forum recently held the builders guilty for deficiency in services and ordered them to pay to a Housing Society at Borivali an amount of more than Rs. 11.50 Lakhs for failure to fulfil the Statutory and contractual obligations. In this matter the Consumer Court have also considered compensation of a sum of more than Rs 2 Lakhs towards Legal and other expenses for causing a deficiency of services.
Showing posts with label Flat. Show all posts
Showing posts with label Flat. Show all posts
Consumer Forum directed a builder to pay Rs. 11.50 Lakhs for failure to provide OC.
The Mumbai Consumer Disputes Redressal Forum recently held the builders guilty for deficiency in services and ordered them to pay to a Housing Society at Borivali an amount of more than Rs. 11.50 Lakhs for failure to fulfil the Statutory and contractual obligations. In this matter the Consumer Court have also considered compensation of a sum of more than Rs 2 Lakhs towards Legal and other expenses for causing a deficiency of services.The Maharashtra Housing (Regulation and Development) Bill 2012 a farce or reality examines Adv. R. P. Rathod.
Shri. Sachin. Ahir., Minister of State for Housing, had reintroduced "The Bill", along with
the recommendations given by the 19-member committee, in the legislative assembly on Monday the 16th July 2012. After discussions finally the Bill has been passed by both
houses of the Maharashtra Legislative Assembly and was supported by the opposition, however only a handful of legislators were present in the House when the bill was approved. As the Bill involves punitive actions like imprisonment, hence the bill will have to be sent for the President’s assent.
Single Buildings are devoid of Complex Issues
In the last decade,
instead of going for a flat
in a Single /Stand alone building, most
home buyers opted for a flat
in a Big Complex
considering the surge of amenities
provided by builders/ developers.
Adv. R. P. Rathod says
that it's important for the home buyers
to realize
the Legal ramifications
of living in a Housing Complex which are no
doubt unique
in nature. Incidentally, all the flat buyers
in Maharashtra,
whether buying a house
in a single building or in a big Complex,
are covered by the Maharashtra Flat
Ownership Act 1963.
Before investing your hard earned money in a house, make sure you have chosen a reputed builder
After
staying in a leave and license accommodation
for many
years,
an enthusiast dreaming to
have his own house, eventually bought a flat in Borivli
by taking a home loan. Since
shifting was a priority to save the dual cost
of the lease rental and the loan
repayment on his new purchase,
he readily signed a letter stating
that he was being given
the keys
to his flat by the builder pending the completion
of the building “for carrying out furniture work”
Buyers Beware; TDS is being made compulsory on the Immovable Property Sale w.e.f. 1st October 2012. an analysis by Adv. R. P. Rathod.
The Finance Minister
Mr. Pranab Mukherjee’s have proposed
an amendment to the Income Tax Laws thereby requiring home buyers to deduct 1% on the Sale Consideration or the value adopted
by the Govt.
for levy of Stamp
Duty whichever is higher
as Tax Deducted at Source (TDS). Adv. R.
P. Rathod. states if this proposal is enacted it would be yet another
hard blow on the already
suffering Real
Estate Sector.
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