Real Estate: GT Builders To Pay Rs25 lakh for Not Handing Over Flat
After a Malad (Mumbai) resident, Mangesh Koltharkar, was cheated of a 620sq ft flat booked in Marol, the Maharashtra State Consumer Disputes Redressal Commission (the Commission) has directed GT Builders to pay him a compensation of Rs25.25 lakh. 
 
Mr Koltharkar had filed the complaint before the Commission against GT Builders in 2002. 
The flat was booked for an agreed price of Rs9.26 lakh in 1999. Mr Koltharkar told the Commission that the builder kept on promising to give possession periodically. The builder later agreed to hand over a smaller flat measuring 360sq ft on a leave-and-licence basis for 11 months. Mr Koltharkar alleged that even after completion of the building, the builder failed to hand over the flat, forcing him to file a police complaint and send a legal notice. Subsequently, he also approached the state consumer forum.
 
The Commission said the government ready-reckoner for stamp duty shows that the land cost, per sq ft built-up area, is Rs10,191 in that area. It pointed out that, since the complainant had paid Rs3.51 lakh, 37% of the then total flat price, he was entitled to receive Rs23.37 lakh from the developer. The remaining compensation was towards money spent on travel, mental agony, harassment and costs of the complaint, the Commission said.

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Cards: Railways Launch RuPay Pre-paid Debit Card Service

Railway passengers can now book their tickets, do shopping and pay service bills using RuPay pre-paid cards, as Indian Railway Catering and Tourism Corporation (IRCTC) has launched its debit card service in collaboration with the Union Bank of India (UBI) and the National Payment Corporation of India. Initially, the service will be available for booking tickets; later, shopping and bill payments will be added.The card-holder will get free Rs1 lakh accident insurance coverage as part of the benefits.

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Retirement: Register Aadhaar Numbers with Banks
All Central government pensioners should register their Aadhaar numbers with banks to avoid any problem in getting pension.
 
An order issued by the minister of personnel, public grievances and pensions said: “All the pensioners or family pensioners are, therefore, advised to get themselves and their family members registered for Aadhaar and furnish this information to the pension disbursing authority.” This exercise should be completed at an early date to avoid inconvenience at the time of submission of life certificate.

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