Campa Cola Society: Not Averse to Any Relief New Govt May Offer
The Supreme Court (SC), once again, offered a glimmer of hope for the beleaguered residents of Campa Cola Society in Worli (Mumbai) where the fate of over 100 illegal flats hangs in the balance.
 
An SC bench comprising Justices SJ Mukhopadhaya and Sharad Bobde said it would “not be averse to any relief that the new government in Maharashtra may offer the residents, if it does.”
 
The residents’ lawyer, Kamini Jaiswal, sought an adjournment when the matter regarding their plea for a clarification of the earlier apex court order came up for a hearing since their senior counsel, Shanti Bhushan, was unable to appear in court on 27 October 2014.

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Housing Prices Rose in 18 Cities by up to 3.9%: NHB
Housing prices appreciated in 18 major Indian cities by up to 3.9% in April-June 2014 over the preceding quarter, while they declined in six cities including Delhi, according to National Housing Bank (NHB). In the national capital, housing prices dropped by 3% during the first quarter of this fiscal compared with January-March 2014. 
 
The maximum price increase was witnessed in Pune (3.9%), while Chandigarh saw the steepest decline (4.4%), according to NHB’s ‘RESIDEX’. NHB had launched the housing index ‘RESIDEX’ in July 2007.

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Aditya Associates To Hand Over Flat, Pay Rs2 Lakh for Delay
Maharashtra State Consumer Disputes Redressal Commission recently directed a builder, Aditya Associates, to hand over a Chembur flat to its buyer and pay Rs2.5 lakh compensation for the six-year delay.
 
The Commission said Karthik Nair had proved that Aditya Associates was guilty of deficiency of service as it failed to give possession of the flat though it was ready. Mr Nair filed the complaint before the Commission in 2013. He told the Commission that he booked the 747-sq ft flat for Rs20.47 lakh and had paid Rs19.47 lakh. The balance Rs1 lakh was payable within seven days from the date of intimation about possession of the premises, as stipulated in the agreement, and possession was to be granted on or before June 2008.

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