Builder defaults mortgage loan, stucks homebuyer in agreement for sale

The Complainants have stated in their Complaints that the builder has already handed over Possession of the row house without executing a registered agreement for sale By Rohit Sharma MUMBAI The Maharashtra Real Estate Regulatory Authority (Maha RERA) on July 31, 2018, directed Ramnath Developers Pvt. Ltd. to execute and register the agreement

20:80 Subvention Scheme covered under Section 18 if Agreement for Sale is Executed

By Dr. Sanjay Chaturvedi, LLB, Ph.D. Naman Agarwal & Others V/s Reliance Enterprises and Dewan Housing Finance Ltd (CC006000000001788) Order dated: 28th March 2018 The complainants have filed this complaint u/s. 18 of Real Estate Regulation and Development, Act 2016 (RERA). They contend that they booked Apartment No. 904, A-Wing of Respondent

Agreement for Sale was executed in MOFA hence no jurisdiction of RERA?

By Dr. Sanjay Chaturvedi LLB, Ph.D. Avinash Saraf, Neha Duggar Saraf V/s. Runwal Homes Pvt. Ltd (CC006000000000032) Order dated 13th Oct 2017 The Complainants contend that they have paid 97% of total consideration of the said flat. The respondent has specified in the agreement of sale that the possession of the flat

Registered Agreement for sale good enough for refund if possession not given as mentioned in Agreement

A promoter cannot hide behind excuses of litigations because of his own wrongdoing. By Dr. Sanjay Chaturvedi, LLB, Ph.D. Ajit Rasiklal Sanghvi V/s Shree Ram Urban Infrastructure Ltd (CC005000000001502) Order dated: 16th March 2018 The complainants have filed this complaint to get refund of their amount with interest and/or compensation paid by them

Whether the provisional Letter of Allotment issued by the respondents amounts to the Agreement for Sale? – Yes!

By Dr. Sanjay Chaturvedi LLB, PhD Nikhil Chopra V/s JVPD Properties Pvt. Ltd. (CC005000000001348) Order Dated 5th April 2018 by Maha RERA Maha RERA observed “The complainant has filed this complaint under Section 18 to claim a refund of his amount from the respondents with interest. The respondents issued a letter dated

Model Agreement for Sale can be modified by Builder in Maharashtra RERA rules

By Dr Sanjay Chaturvedi, LLB, PhD Much awaited Real Estate Regulatory Rules published by Maharashtra Government for objections and suggestions. Under Real Estate (Regulation and Development) Act, 2016 (RERA) , every state government must frame Rules to execute the RERA. The Rule provides under para 10 as under : Agreement for Sale. -

Ministry of Urban Development approves the draft of Agreement for Sales Rules under RERA

By Accommodation Times News Service -Timely delivery of possession of apartment/plot the essence of Agreement between promoter and buyer, says Draft Rules -No time bar for claiming compensation against loss caused to allottee by defective land titles -Price to be escalation free Timely completion of the project and timely delivery of the apartment or

Stamp Duty on Agreement for Sale prior to 10-12-1985 is Rs. 5 only

By Santosh Kumar & Sunit Gupta By Accommodation Times News Services After the announcement of the Stamp Duty Amnesty 2008, there are some consultants and self designated specialists who are misguiding the people b strongly advising that full stamp duty will be charged on agreement for sale even prior to 10-12-1985. Not