Home-buyers in the country are taking to Facebook and Twitter to deal with errant builders in issues ranging from delay in possession to mismanagement, to good effect, reports The Economic Times. In one case, 1,200 home-buyers in DLF’s New Town Heights project in Gurgaon got together through a Facebook page to protest against the delay in possession of their homes. Three protests later, the builder agreed for 20% discount on each apartment and also doubled the compensation for the delay. Aggrieved home-buyers across Indian cities have set up Facebook pages and Twitter handles to protest against builders—against delays in possession, or quality of work, or even poor maintenance of the properties.
Maharashtra government has decided to hike stamp duty on property transactions in the Mumbai Metropolitan Region (MMR) as well as the Pune region from 6% to 7%, to fund major urban transportation projects like the proposed metro and monorail corridors. The government has also decided to collect a betterment charge from construction projects within 500 metres of a transport corridor while offering them additional floor space index (FSI) on payment of premium on 100% of ready-reckoner rates.
The Mumbai Suburban District Consumer Forum found Pediyar Associates guilty of deficiency in service for not giving a flat purchaser, Kanayo Merani, a parking space. The Forum has directed the developer to pay Mr Merani Rs5 lakh as compensation within three months and an additional Rs25,000 towards cost of the litigation.