Societies, not builders, are eligible for revenue from advertising hoardings

By Accommodation Times News Services

Hoardings on the buildingEarnings from hoardings are usually land up with the builders even though the hoarding may be atop the flat owner’s terrace.

Recently though in a landmark order the National Consumer Disputes Redressal Commission (NCDRC) upheld the order passed by the Central Mumbai District Consumer Forum (CMDCF) ruling that the builder should deposit future earnings from the hoardings with the society.

The CMDCF had passed an interim order, asking Tab Advertising to deposit its future payments with the society from August 2008 till the case is decided.

In the dispute, the society had maintained that the builders had not conveyed the property to the housing society within four months of the society’s registration as assured.

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