New Delhi: Cabinet has approvedthe Real Estate Regulator Bill to prevent arbitrary and false claims by the builders while advertising and selling flats and houses. According to the bill, builders have to register all their projects with the state regulatory authority and must deliver the projects within the stipulated period.
There is also a provision of imposing heavy fine on the builders if they fail to keep up their promise. On the other hand the builders say that several provisions of the Bill are unjust and against their interests.
Buyers will also get a guarantee of one year guarantee on their new houses. It means that after possession of the house if there is any construction-related problem within one year, then the builder must carry out the repair on his cost. If the builder fails to do so, then the buyer is entitled to get compensation.
Normally the builders invest in other projects after taking money from the buyers of another project. But according to the new bill now the builder must keep 70 per cent of the money collected from the buyers of a project in a bank account and it can be withdrawn and used only for that project....
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11:17 AM, Jun 05, 2013
This week's CJ special highlights the builder-buyer issues. Watch to find out how to avoid being duped! ...
08:38 PM, Jun 02, 2013
_338x225.jpg "CJ Builders : A Citizen Journalist Special")
This week, on our CJ builders special, we will be highlighting the builder-buyer issues and much more. ...
03:31 PM, May 31, 2013
Thane: A local court on Saturday rejected the anticipatory bail plea filed by builder SP Agarwal, accused in the Navi Mumbai builder Sunil Lahoria murder case. Lahoria was shot dead outside his office in Sector 28 of Vashi, Navi Mumbai, on February 16. Police have arrested eight persons, including shooters Venkatesh Shettiar, Wajid Qureshi, developer Sumit Bacchewar and former encounter specialist Emmanuel Amolik. However, three builders - Suresh Bijlani, SP...
03:45 AM, May 19, 2013
New Delhi: At a time when Delhi government is strongly pushing for regularisation of over 1,600 unauthorised colonies, home to around 60 lakh people, Lokayukta Justice Manmohan Sarin has decided to launch a detailed probe into alleged irregularities in the process initiated for their regularisation. The decision by the Lokayukta came after Lt Governor Tejendra Khanna in March asked him to file a final report on the politically sensitive matter...
11:40 AM, Apr 28, 2013
New Delhi: A builder who failed to start a Greater Noida residential project on time has landed in trouble as a consumer court in Delhi has directed him to pay compensation of Rs.3 lakh and refund the over Rs.49 lakh cost of a flat to a complainant. Delhi Consumer Disputes Redressal Commission member Salma Noor and Member(Judicial) VK Gupta held RS Builtwell and its director guilty of deficiency in service...
04:48 AM, Apr 10, 2013
Thane: The police on Saturday finally made a breakthrough in the Thane building collapse with the arrest of two of the building's builders. However, survivors are losing hope as the Municipal Corporation goes into a demolition overdrive. "I am threatening the Chief Minister. If he doesn't respond, I will go on a strike outside his office. I am 70-year-old and my father has also died as a freedom fighter. I...
09:57 PM, Apr 06, 2013
Thane: Two days after 72 people died and over 60 were injured in Maharashtra's worst building collapse in a decade, the police on Saturday arrested two builders, Jameel Qureshi and Saleem Shaikh, of the illegal building. While one of them was arrested from Siddharthnagar in Uttar Pradesh, the other was arrested in Thane by the Thane Crime Branch. Earlier in the day, the National Disaster Response Force (NDRF) completed its...
05:14 PM, Apr 06, 2013
An unidentified man shot at a builder in Mumbai and his friend and the act was recorded on a CCTV camera. While the builder was not wounded in the shootout, his friend received injuries in his leg. ...
07:14 PM, Mar 12, 2013
Two more persons were held in connection with the murder of builder SK Loharia, who was gunned down in the neighbouring Navi Mumbai, taking total number of arrests in the case to six, police said on Wednesday. Altaf Khan (38), a contractor from Mumbra, was nabbed on Tuesday while Mohammed Naseer Ansari (42), who is a real estate agent from Ambernath, was held today, police said. ...
07:39 PM, Mar 06, 2013
In a major breakthrough in Navi Mumbai builder Sunil Kumar Loharia's murder case, the police on Sunday said that retired policeman Samuel Amolik has confessed to his crime. ...
11:41 PM, Feb 17, 2013
Police have arrested three people including a retired policeman Samuel Amolik in connection with a Navi Mumbai builder Sunil Kumar Loharia's murder. Loharia was shot dead by two persons on Saturday and the murder was caught on a CCTV camera. ...
08:05 PM, Feb 17, 2013
A former police officer was arrested on Sunday and remanded to police custody for his alleged role in the murder of Navi Mumbai builder Sunil Kumar Loharia on Saturday. Loharia was shot dead by two persons on Saturday and the murder was caught on a CCTV camera. ...
05:15 PM, Feb 17, 2013
A shocking murder in Mumbai caught on CCTV Which could be the result of a possible business rivalry. CCTV cameras show two men dressed as security guards attacking builder Sushil Kumar and killing him outside his office as he got out of his car. ...
11:40 AM, Feb 17, 2013
A Navi Mumbai builder was shot dead by two unidentified persons on Saturday and the murder was caught on a CCTV camera. One of the attackers was caught by the builder's employees and the public. ...
10:29 AM, Feb 17, 2013
Inspiring stories about young doctors who are helping the riot-torn people in the Assam relief camp, an Indian American bridging gender gap in the tech world, a 100-year-old former Mr Universe still strong and young and much more. ...
12:00 PM, Sep 03, 2012
In 2006, after having invested all our life's savings and taking a huge home loan, we finally had a beautiful house in Mumbai. Our parents ...
12:18 PM, Jun 18, 2012
Mumbai: While the fate of a controversial study report by certain Airports Authority of India (AAI) officials " recommending shutting down a runway at Juhu aerodrome " rests with the Government of India, MiD DAY has learnt that certain developers attempted to use the information to gain additional height for their proposed projects in the upscale neighbourhood. MiD DAY had reported on Tuesday about the aviation safety department of AAI...
02:36 PM, May 16, 2012
