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

Residential prices expected to remain contained, launches & sales expected to pick pace: Report

By Accommodation Times Bureau MUMBAI: Knight Frank India in association with National Real Estate Development Council (NAREDCO) and the Federation of Indian Chambers of Commerce and Industry (FICCI), today released the Real Estate Sentiment Index, which broadly captures the overall perceptions and expectations of industry leaders. The report is based on a

Maha RERA penalises Disha Direct Rs 5 lakh for causing mental torture to homebuyer

By Rohit Sharma MUMBAI: Maharashtra Real Estate Regulatory Authority (Maha RERA) ordered Disha Direct to refund money to two home buyers, one with Rs 5 lakh and another with Rs 50,000 compensation. In a recent judgement where B.D.Kapadnis, Member & Adjudicating Officer, MahaRERA was hearing the case of aged home buyer in

Report: 56% of millennials willing to consider Co-living spaces in top cities

By Accommodation Times Bureau MUMBAI: The survey observes that 72% of millennials (18 – 23 years) have given co-living spaces a thumbs-up and over 55% respondents in the age group of 18 – 35 years are willing to rent co-living spaces, according to Knight Frank report. The survey was undertaken across top cities of India, including Mumbai,

Is it good for you to not to approach RERA in group?

By Dr Sanjay Chaturvedi, LLB PhD. Real Estate (Regulation and Development) Act 2016 was enacted to safeguard the interest and rights of property purchasers. Ever since the Act is enacted, hundreds and thousands of complaints against builders were registered and resolved in the country. It is observed that it is habitual

Ease Of  Doing Biz: 25% of UK businesses saw corruption as a major barrier in 2018

By Accommodation Times Bureau MUMBAI: The UK India Business Council Ease of Doing Business Report, released today, highlights that UK businesses’ perceptions of corruption as a barrier to operating in India have halved since 2015. Based on an in-depth survey of businesses with a combined turnover of USD 122 billion, the report found only 25%

World’s largest companies to shift focus towards flexible workspace: Report

By Accommodation Times Bureau MUMBAI The demand for flexible workspace is set to accelerate as two-thirds of global corporates plan to increase their use of flexible co-working and collaborative space over the next three years, according to new research of Knight Frank. Shishir Baijal, Chairman and Managing Director, Knight Frank India said, “With changing