Buyer Asked To Compensate Builder

The Maharashtra State Consumer Redressal Commission recently ordered a home-buyer to compensate the builder for loss due to non-payment of the balance amount with interest before getting possession of the flat. Vencillious and Sandra Fernandes, residents of Sai Leela Evershine Society at Vasai East, were ordered to pay the builder, within 30 days, the balance sum of Rs7.94 lakh with 9% interest for the past seven years. City Developers had challenged an order passed by the district commission in Thane directing them to give possession of the flat to the buyers on paying the balance sum without interest.

User

50% Cases of NRIs Related to Land-grab

Around 50% of the 700 complaints by NRIs handled by the Punjab State Consumer Redressal Commission during the past two years were related to land disputes, indicating the seriousness of land-grabbing cases in the state.

“After the formation of the Commission, we have received around 350 complaints related to property disputes from NRIs,” said the chairman of the Commission, Justice (retired) Arvind Kumar. These complaints belong to property disputes of NRIs who are living abroad but have land in Punjab. The complaints relate to mutation entries in the revenue records, encroachments on NRIs’ land, land-grabbing by the land-mafia, land-purchase frauds and fraudulent sales of the land of NRIs by impersonations.
 

User

Transform your life using NLP

Be more confident, deal with your fears and achieve amazing results using NLP

Well-known...

Premium Content
Monthly Digital Access

Subscribe

Already A Subscriber?
Login
Yearly Digital+Print Access

Subscribe

Moneylife Magazine Subscriber or MSSN member?
Login

Yearly Subscriber Login

Enter the mail id that you want to use & click on Go. We will send you a link to your email for verficiation

We are listening!

Solve the equation and enter in the Captcha field.
  Loading...
Close

To continue


Please
Sign Up or Sign In
with

Email
Close

To continue


Please
Sign Up or Sign In
with

Email

BUY NOW

The Scam
24 Year Of The Scam: The Perennial Bestseller, reads like a Thriller!
Moneylife Magazine
Fiercely independent and pro-consumer information on personal finance
Stockletters in 3 Flavours
Outstanding research that beats mutual funds year after year
MAS: Complete Online Financial Advisory
(Includes Moneylife Magazine and Lion Stockletter)