Consumer Interest

Improving rural prospects, downtrading in a subdued income environment, and greater preference for personal mobility will support sales of motorcycles in the economy segment (53 per cent of sector volume last fiscal), thereby limiting the slide in overall two-wheeler sales to 15-17 per...
  • Maharashtra Real Estate Regulatory Authority (MahaRERA) has ordered the developer of a project to refund Rs 47.46 lakh at 9% p.a interest to a home-buyer. The developer was also directed to pay Rs 20,000 to the home-buyer towards cost of the complaint. Construction of the Kanjurmarg project...
  • The Indian government has decided to waive interest on interest on loans up to Rs2 crore during the six-month moratorium period. The categories of loans up to Rs2 crore include the medium, small and micro enterprises (MSME) loans, education loans, housing loans, consumer durable loans, credit...
  • Fed up with builders not completing projects on time, The Haryana Real Estate Regulatory Authority (HRERA) on Friday decided that the builders who delay their ongoing projects will be blacklisted and debarred from future projects.   The authority has issued a notice to Empire Realtech...
  • The Supreme Court has agreed to hear an appeal, challenging a verdict of National Consumer Disputes Redressal Commission (NCDRC), which raised the question, whether an educational institution or university can be sued for deficiency in services under the consumer protection law.   A...
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