CCI Asks 20 Realtors To Respond to Unfair Trade Practices Report
The Competition Commission of India (CCI) has asked 20 leading builders, including Tata Housing, K Raheja, Unitech, Ansal Properties and Purvankara, to respond to findings by its investigation arm that they engaged in unfair trade practices such as one-sided contracts with inadequate disclosure.
 
These builders did not disclose crucial information about the built-up area and often reserved the right to increase or decrease apartment sizes. The builders also charged high interest from apartment-owners for payments after due dates, but paid significantly lower rates if they delayed construction of the project.
 
Other practices uncovered by CCI include non-disclosure of applicable laws, rules and regulations with respect to the projects being developed besides restricting the rights of apartment allottees.

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Builder To Pay Rs3 Lakh to Housing Society for Not Providing Conveyance Deed
The Additional Mumbai Suburban District Consumer Disputes Redressal Forum has ordered Ganesh Builders to pay Rs3.10 lakh compensation to a Bhandup (Mumbai) housing society for failing to provide the conveyance deed 15 years after the flat-owners established a cooperative housing society. Ganesh Builders will have to provide the document within six months. The Forum said the builder was guilty of deficiency in service.
 
The Forum observed that, despite an agreement with the flat buyers in 1982, the builder had failed to procure the document. The builder had not submitted any substantial arguments explaining the delay. All that the builder said was that the demands of the society were illegal. The Forum observed that the builder had failed to provide the necessary document, despite it being mandatory.
 
Members of the building filed a complaint on 10 October 2010, before the Forum. They said that furnishing of the deed was binding on the builder under the Maharashtra Ownership Flats Act.

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Builder Asked To Pay Rs5 Lakh to Buyer for Deficiency in Service
The Thane District Consumer Redressal Forum held a developer, Sharwan Bagaria, liable for deficiency of services and asked him to pay Rs5 lakh for lapse in services to a home-buyer, Sherpal Singh.
 
The home-buyer claimed that he had booked a row house with the builder. Mr Singh had paid Mr Bagaria an advance of Rs1.5 lakh but the builder did not give him a copy of the agreement. Due to this, Mr Singh couldn’t get a loan from the bank. ‘’As I did not get a loan, I cancelled the booking. But Mr Bagaria did not refund my token amount. Then I decided to knock on the doors of the Forum,’’ said Mr Singh.
 
The Forum, headed by president Umesh Jhavalikar and another member ND Kadam, concluded that the builder must pay the buyer a compensation of Rs5 lakh and also refund the advance amount of Rs1.5 lakh.

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