News articles tagged Consumer Protection

SC mandates that Lodha reimburse the homebuyer Rs 2.25 crore plus interest for the delivery delay.

The Supreme Court directed Lodha Crown Buildmart to reimburse a homebuyer ₹2.25Cr with 12% interest for a delayed apartment in Lodha Evoq, Wadala, overturning NCDRC's order.

The MahaRERA and the Advertising Standards Council will use artificial intelligence to monitor real estate advertisements.

MahaRERA and ASCI partner to use AI for identifying non-compliant real estate ads, enhancing transparency and protecting homebuyers' interests.

UP RERA imposes penalty of Rs 1 crore 40 lakh on nine developers

UP RERA imposes Rs 1.4 crore penalty on nine developers for non-compliance with orders at its 84th meeting. The Authority aims to protect homebuyers and ensure developers adhere to regulations.

Publicly Disclose the Apartment Sales: MahaRERA

MahaRERA mandates disclosure of apartment sales and reservations to curb fraudulent practices by developers and protect buyers.

Real Estate Bill Likely To Protect Flat Buyers

The real estate bill is expected to pass in the upcoming parliament session, protecting buyers from unethical builders.

Watch by CCI on Malpractices

The Competition Commission of India is addressing malpractices in real estate, focusing on misleading advertisements and consumer complaints against developers.

Need to Monitor Realty Sector

Real estate in India lacks a strong consumer movement and transparent investment guidance. The current price surge has shifted focus from need-based to profit-driven investments.

Developers show anger for new bill

New real estate bill aims to protect homebuyers by regulating developers, ensuring project legitimacy and transparency through mandatory registration and approvals.