A Mumbai-based developer has been ordered to pay a compensation cost of INR10 lakh ($13,600) after appealing against a directive from the Maharashtra Real Estate Regulatory Authority to pay interest to a buyer for delayed delivery of a flat. The Bombay High Court upheld the directive and ordered the court receiver to take possession of the property and hand it over to the buyer. However, the developer has not received an occupancy certificate, so the buyer can only use the flat for fit-out purposes and not as a residence.
from Latest News, Today's Breaking News, Live News, Current News | Hindustan Times https://ift.tt/Q7qoELh
HC imposes ₹10 lakh compensatory cost on developer for delay in handing over flat
Related Posts:
Ludhiana: Compactor coming up at dumpsite irks villagers- India's road network grew by 59 per cent in 9 years the second largest in the world: Nitin Gadkari
- Monday Musings: Will BJP gain as BRS eyes opposition space?
- US Supreme Court rejects Genius' lawsuit accusing Google of stealing song lyrics
- Shravan darshan fee hiked in KV temple Akhilesh reacts sharply
0 comments:
Post a Comment