In a first, realtor moves UP-RERA against home buyers
Friday, October 4, 2019, 5:50 PM
A real estate developer has moved the UP-Rera against buyers for not taking delivery of their homes, making it the first complaint of its kind. The complaint came from Supertech against 45 buyers in its Cape Town, Eco Village I and Eco Village III projects. The company alleged they were neither taking delivery of their flats nor paying up the pending dues.
Ahmedabad: Builder accused of molestation, theft
Wednesday, October 24, 2018, 8:15 AM
A 24-year-old woman has accused a builder of molesting her in his car and stealing Rs 10,000 and a mobile phone from her purse. The money was meant to pay the EMI of her house. The woman who is a resident of Meghaninagar told the Navrangpura police that she came in touch with the builder while working at her father’s tea stall in Ranasan.
What is Pre-Launch property?
Monday, September 3, 2018, 9:07 AM
Property-developers often use jargon that the buyers find hard to comprehend. In this feature, the two most common terms used in the realty market: ‘Pre-launch’ and ‘Soft-launch’. Pre-launch means a builder makes an announcement about his project when the approval processes are not initiated or still in progress. Soft-launch means the approval processes are underway, ensuring all the requisite clearances and approvals.