Search Results for Tag : Buyer
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Central Government announces income tax relief for real-estate developers and home buyers(13.11.2020)
Finance Minister announces certain income tax relief measures for real-estate developers and home buyers. This being a much needed step would infuse p.....
Tags : Tax relief, Announcement, home buyers
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News
SC: Homebuyers Entitled to Recover Amount Invested Along With Interest as Land Revenue Arrears(15.11.2021)
Supreme Court has held that the amount invested by the allottees, which is often their life savings, along with the interest thereon as quantified by .....
Tags : Supreme Court, Homebuyers
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Delhi HC Expresses Concern Over Builders Resorting to Dilatory Tactics, Defrauding Homebuyers(03.11.2022)
Delhi High Court while highlighting issued faced by various homebuyers has stated that it is an unfortunate trend that builders often resort to dilato.....
Tags : Delhi High Court, Homebuyers, Dilatory Tactics
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SC: Incorporation of One-Sided Clauses in Apartment Buyer’s Agreement is Unfair Trade Practice(12.01.2021)
Supreme Court has held that the incorporation of one-sided and unreasonable clauses in the Apartment Buyer's Agreement constitutes an unfair trade pra.....
Tags : Supreme Court, One-Sided Clauses in Apartment Buyer’s Agreement
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One Sided Clauses in Builder-Buyer Agreements is Unfair Trade Practice: SC(03.04.2019)
Supreme Court has held that the incorporation of one-sided clauses in a builder-buyer agreement constitutes an unfair trade practice as per Section 2 .....
Tags : Supreme Court, Builder-Buyer Agreement, Unfair Trade Practice
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SC: Homebuyers Cannot be Deprived of Interim Compensation Merely for Want of Execution of Sale Deed(11.02.2021)
Supreme Court has opined in connection with the Maradu flat demolition case that once it has been established that the home buyers have in fact made p.....
Tags : SC. Homebuyers, Compensation
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Notifications & Circulars
Government committed to uphold and protect interest of homebuyers while ensuring ease of doing business in real estate sector(13.05.2020)
The Government is committed to uphold and protect the interest of homebuyers while ensuring ease of doing business in the real estate sector. Subseque.....
Tags : Protection, Interest, Homebuyers
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SC to States: Submit Suggestions for Model Builder-Buyer Agreement With Mandatory RERA Clauses(10.01.2023)
Supreme Court has asked States to submit suggestions to Union Ministry of Housing and Urban Affairs on model builder-buyer agreement with the mandator.....
Tags : Supreme Court, RERA, Builder-Buyer Agreement
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NCDRC: Homebuyers can Seek Refund if Flat Possession Delayed(17.05.2019)
National Consumer Disputes Redressal Commission (NCDRC) has observed in an order that homebuyers can claim a refund from builders if the project is de.....
Tags : NCDRC, Homebuyers
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Delhi HC Dismisses Supertech Homebuyers’ Pleas For Stopping Banks From Charging EMIs(17.03.2023)
Delhi High Court has dismissed Supertech Urban Home Buyers Association (SUHA) Foundation and other home buyer’s petitions seeking directions for finan.....
Tags : Delhi High Court, Supertech Urban Home Buyers Association, Supertech Limited
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Jaypee Homebuyers Case: Supreme Court Directs Centre to Come Out With Uniform Proposal(10.07.2019)
Supreme Court has directed the Centre to come out with a "uniform" proposal for all cases to resolve the difficulties being faced by lakhs of homebuye.....
Tags : Jaypee Homebuyers Case, Supreme Court
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Supreme Court to Jaypee Homebuyers: Will Protect You Interests(12.07.2019)
Supreme Court has said that it would intervene to protect Jaypee homebuyers if the resolution plan under the insolvency proceedings failed.
Tags : Supreme Court, Jaypee Homebuyers
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Madras HC: Buyer Not Liable for Seller’s Tax Default; Purchase Tax Can’t Be Imposed under TNGST Act(05.11.2025)
Madras High Court held that under Section 7A of the Tamil Nadu General Sales Tax Act, 1959 (TNGST Act) purchase tax cannot be imposed on a buyer solel.....
Tags : Buyer, Tax Default, Tamil Nadu General Sales Tax Act
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Supreme Court Puts on Hold Delhi HC Order on Unitech Compromise Meets with Homebuyers(15.12.2016)
Supreme Court has stayed Delhi High Court order, which had directed realty firm Unitech to hold meetings with home buyers and opening escrow accounts .....
Tags : Supreme Court, Unitech, Compromise Meets, Homebuyers
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Home Buyer Not Allowed to Reap Benefits of Their Own Delay in Taking Possession: Supreme Court(24.10.2018)
Supreme Court has upheld compensation to a disgruntled home buyer and also reduced the time period for computation of the amount, noting the delay on .....
Tags : Supreme Court, Home Buyers
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Home Buyer Not Allowed to Take Benefits of Their Own Delay in Taking Possession: Supreme Court(24.10.2018)
Supreme Court has upheld compensation to a disgruntled home buyer and also reduced the time period for computation of the amount, noting the delay on .....
Tags : Supreme Court, Home Buyers
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Orbit Buyers Can’t Name Bank in Plea: Bombay High Court(29.10.2018)
Bombay High Court, in a setback to individuals who had purchased flats in the 32-storey ultra-luxury residential tower Orbit Haven at Nepean Sea Road .....
Tags : Bombay High Court, Orbit Buyers
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Supreme Court: Second-Hand Flat Buyers have Same Rights as Original Allottees(23.07.2021)
Supreme Court has observed while providing major relief to homebuyers who purchased flats from original allottees but were not delivered the apartment.....
Tags : Supreme Court, Second Hand Flat Buyers
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NCDRC Directs Developer to Return Money of Homebuyer(13.09.2019)
National Consumer Disputes Redressal Commission (NCDRC) has ruled that purchasers cannot be made to wait indefinitely for possession of building unit .....
Tags : NCDRC, Homebuyer
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NCLAT: Claims of Homebuyers Reflected in Corporate Debtor Records Must be Shown in Information Memo(03.06.2022)
National Company Law Appellate Tribunal (NCLAT) Principal bench has held that the claims of those homebuyers who could not file their claims within st.....
Tags : NCLAT, Homebuyers, Corporate Debtor
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P&H HC: Homebuyer Can Pursue Remedies Under RERA & Consumer Protection Act Simultaneously(19.10.2020)
Punjab and Haryana High Court has observed that a homebuyer can pursue the remedies under the Real Estate (Regulation and Development) Act, 2016 and t.....
Tags : Punjab and Haryana High Court, Remedies for Homebuyers
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SC: Greater Noida Authority to Cooperate With Homebuyers in Reviving Abandoned Housing Project(20.03.2025)
Supreme Court has directed the Greater Noida Industrial Development Authority to cooperate in the entire exercise of reviving a dead project where the.....
Tags : Supreme Court, Greater Noida Authority, Homebuyers
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SC: Homebuyer Entitled to Refund and Cannot be Forced to Accept Possession after Undue Delay(28.03.2025)
The Supreme Court has observed that after an undue delay, a homebuyer cannot be forced to accept possession of the property and is entitled to a refun.....
Tags : Supreme Court, Homebuyer, Property
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Homebuyers Seek Review of Judgment Classifying Greater Noida Industrial Authority as Secured Cred.(09.04.2025)
Homebuyers' association has filed a plea in the Supreme Court seeking review of its judgment classifying Greater Noida Industrial Development Authorit.....
Tags : Supreme Court, Homebuyers' Association, Secured Creditor
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UP Stamps and Registration Department Announces 4 Month Relief to Homebuyers on Stamp Duty Hike(30.03.2016)
UP Stamps and Registration Department has said that homebuyers whose papers are cleared by Noida Authority before April 1 will get a 4-month extension.....
Tags : UP Stamps and Registration Department , Noida Authority , homebuyers
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NCLAT: One Lone Homebuyer Cannot Challenge Approval of Resolution Plan(24.02.2025)
NCLAT New Delhi bench has held that one lone homebuyer cannot challenge the approval of Resolution Plan and has to go with the majority decision of th.....
Tags : NCLAT New Delhi, One Lone Homebuyer, Resolution Plan
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SC: Entitlement of Homebuyer Starts from Date of Agreement and Not RERA Registration(04.11.2020)
Supreme Court has held that period for allotment of flat to a homebuyer has to be reckoned from the date of the buyer agreement and not from the date .....
Tags : Supreme Court, Entitlement of Homebuyer
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Publication of Homebuyers’ Names in List of Creditors will Not Violate Privacy: NCLT(13.12.2018)
National Company Law Tribunal has held that disclosure of the names of homebuyers in the list of creditors will not result in violation of privacy.
Tags : NCLT, Publication of Homebuyers’ Names
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SC Issues Notice on Plea Raising Grievances of Flat Purchasers in Absence of Buyer Agreement(05.10.2021)
Supreme Court has issued notice to the Centre on a batch petitions under Article 32 raising the grievances of flat-purchasers that in the absence of u.....
Tags : Supreme Court, Absence of Buyer Agreement
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Insolvency and Bankruptcy Board of India Amends Norms, Notifies Procedures for Homebuyers(05.07.2018)
Insolvency and Bankruptcy Board of India has issued revised norms to initiate insolvency resolution process, paving way for homebuyers to seek relief .....
Tags : Insolvency, Homebuyers
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RERA Doesn’t Bar Homebuyers Complaint Under Consumer Protection Act Against Builder: NCDRC(18.04.2019)
National Consumer Disputes Redressal Commission (NCDRC) has held that Real Estate (Regulation and Development) Act, 2016 (RERA) does not bar filing of.....
Tags : NCDR, Homebuyers, Consumer Protection Act, RERA
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Delhi High Court: Commercial Buyers can Seek Arbitration Even after Using Remedies under RERA(23.09.2025)
Delhi High Court held that commercial unit buyers are not barred from seeking arbitration relief after availing remedies under RERA, provided the arbi.....
Tags : Commercial Buyers, Arbitration, Remedies
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SC Clubs 81 FIRs Against Builder, Grants 6-Month Bail to Aid Settlement with Home Buyers(18.08.2025)
SC has clubbed 81 FIRs against builder Alok Kumar in ?13.94cr fraud case and granted 6-month bail to enable settlement with home buyers. Court said pr.....
Tags : Supreme Court, FIR Clubbing, Alok Kumar, Real Estate Fraud, Home Buyers, Temporary Bail
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