By Dr. Sanjay Chaturvedi LLB, PhD Muralidhar Mahadeo Prabhu V/s G A Builders Pvt Ltd.( CC00600000000-12265) Order dated 15th January 2018 The Complainant in his complaint has stated that he is the member of a Co-Operative Housing Society which is taken up for redevelopment by the Respondent. He alleged that the Respondent
By Mitali Joshi Accommodation Times Bureau Supreme Court recently appended the right of the flat owners who can stand together and raise voice against the misleading builders to the national consumer forum. According to the Consumer Protection Act, the plea could be registered directly to the National Consumer Disputes Redressal Commission (NCDRC)
What is the best bet between fixed vs. floating rate of interest charged by housing finance companies. By Dr Sanjay Chaturvedi Accommodation Times News Services Floating rate of interest is most preferred by housing finance companies since risk of major change in interest rates reduces because of fluctuation in the interest rates. For
By Accommodation Times News Services There have been several loopholes in the real estate sector and has overflowed in housing finance as well. Navi Mumbai is one such prime example for the need of regulation of real estate in India. Provision in Section 58(f) of the Transfer of Property Act, 1882 does
By Accommodation Times Archives The housing finance companies and the Banks, whether in public sector or private, hereinafter referred to as the financial institutions, have been providing financial assistance for the purpose of acquiring residential houses, commercial premises or towards working capital against security of immoveable properties either by way of
By Dr Sanjay Chaturvedi, PhD, LLB (Gen) Floating rate of interest is most preferred by housing finance companies since risk of major change in interest rates reduces because of fluctuation in the interest rates. For borrower, it is high risk game. In 2006 those who have taken loans on 7.5% floating,
By Accommodation Times News Services What is a Reverse Mortgage? Reverse mortgages enable house owners to access the money they have built up as equity in their houses. Unlike an ordinary mortgage, which involves payments by the borrower to the lender, a reverse mortgage involves payments by the lender to the borrower.