Homebuyers Archives | RealtynMore

Gera Developments launches Home Equity Power to financially empower the homebuyers

Pune, November 15, 2021: Gera Developments have come up with a initiative – Gera’s Home Equity Power. This is to ease the liquidity pressure on their...

News3 months ago

Provident launches Palm Vista in Mumbai 

In its pursuit of making luxury affordable and accessible to masses, Provident Housing Limited (PHL), a 100 pc subsidiary of Puravankara Limited, on October 13 launched...

Report3 months ago

Independent floors stage a comeback in Gurugram, Faridabad

Haryana’s top cities Gurugram and Faridabad are seeing a major housing market trend reversal, with independent floors gaining traction post the pandemic. Developers are lining up...

News3 months ago

PropertyPistol.com launches app

PropertyPistol.com, a B2C technology real estate services company, has launched a broker aggregation and engagement platform. The app is live both on Android and iOS platforms,...

To protect homebuyers, often at the receiving end of realtor-friendly purchase agreements, the Supreme Court on October 4 stepped in and sought the Central Government’s response to a bunch of PILs seeking a standard pan-India builder-buyer or agent-buyer model agreement. . “This is an important issue in relation to consumer protection. Without a standard/model agreement, the builder can put any clause in the agreement which could be detrimental to the interest of the homebuyers,” said the court. . While entertaining PILs filed by Ashwini Kumar Upadhyay, Tarun Kumar Gera, Jim Thomson and Nagarjuna Reddy, the bench of Justices DY Chandrachud and BV Nagarathna was quick to sympathise with homebuyers forced to sign an unequal agreement, said a media report. The court said a model builder/agent-buyer agreement was in the spirit of the Real Estate (Regulation and Development) Act (RERA), which would go a long way in protecting the homebuyers against exploitation and harassment at the hands of realtors. Appearing for the petitioners, senior advocates Vikas Singh, Menka Guruswamy, Anupam Lal Das and Arijit Prasad informed the court that under RERA, state governments are mandated to frame uniform/model builder-buyer agreements, but most are yet to complete the exercise even five years after the law came into force. Singh and Guruswamy said under RERA, the Centre has an overarching responsibility to ensure homebuyer interests were protected and hence, it be directed to frame a model agreement, which should incorporate clauses to force builders to compensate investors in case of delay in delivery of possession of flats, ensure protection from getting overcharged under heads like interest and late payment and penalise the builder if there were any deficiency in quality of construction.

News4 months ago

SC seeks Centre reply on PILs for model builder-buyer agreement

To protect homebuyers, often at the receiving end of realtor-friendly purchase agreements, the Supreme Court on October 4 stepped in and sought the Central Government’s response to a...

News4 months ago

Casagrand launches Orlena at Hennur

Casagrand, a leading developer of South India, launched its new project, Orlena, at Hennur Junction in Bengaluru on October 1. Nestled amidst four acres of serenity,...

News5 months ago

Mapsko monsoon fest this weekend

Real estate developer Mapsko Group is organising weekend monsoon fest at its Mountville project in Gurugram with ‘on-the-spot surprise offers”. Mapsko Mountville, said a press release, spans...

News5 months ago

GNIDA gives time till Sept 30 to defaulters

About 3,500 homebuyers from various sectors of Greater Noida, who have defaulted on payments to Greater Noida Industrial Development Authority (GNIDA), have been given time till...

News6 months ago

UP RERA proactive in its digitsation process

The Uttar Pradesh RERA is proactively contributed in minimising the regulatory compliance burden and digitisation of various processes as per the guidelines issued by the Uttar...

News7 months ago

Naredco Maharashtra launches new unit

Naredco Maharashtra on July 5 announced the launch of its new unit, Naredco Ambarnath-Badlapur. This, said a press release, has led to the creation of an...