Builder fined Rs 5 lakhs for deficient services
Tania Constructions and its managing director Peter Fernandes had failed to provide amenities, as per the sale agreement with the society
Oct 14, 2014
Source : The Times of India
Real Estate Projects


THANE: A builder has been fined Rs 5 lakh by a consumer forum for providing deficient services to a housing society here.

The Tania Kadamb Co-operative Housing Society Ltd in Vasai area here had filed a complaint with Thane District Consumer Redressal Forum that Tania Constructions and its managing director Peter Fernandes had failed to provide amenities, as per the sale agreement with the society.

They had also not provided it the land rights and the completion certificate despite several reminders, the society further complained.

The society sought an order from the forum directing the builder to provide the land rights and the completion certificate, and also to complete the pending and promised works in the complex.

The builder contested that only 70 per cent of the rights of development of the society plot was with him, while the other 30 per cent was with the original land owner.

Forum president Umesh Jhavalikar and member N D Kadam dismissed the builder's submission and observed that he had failed in his legally bound duty of providing the land rights, the completion certificate and the transfer of rights to the society.

The builder was deficient in his services towards the customers of the society and violated the provisions of the Maharashtra Ownership Flats (Regulation of the promotion of construction, sale, management and transfer) Act, 1963, the forum observed.

In its order issued last week, the forum fined the builder Rs 5 lakhs and directed him and his firm to complete the pending works as per the agreement within the next 60 days and also arrange for the transfer documents and the completion certificate for the society.


Latest Realty News

Will defend against SEBI ban order: DLF
Oct 14, 2014
Realty major DLF Ltd Tuesday said it would defend itself against any adverse findings contained in the order passed against it by market regulator Securities and Exchange Board of India (SEBI)
Flipkart’s big realty deal in Bangalore proves aggressive hiring here to stay in e-commerce
Oct 14, 2014
Even as residential real estate is down in the dumps despite the festive season, the office space has seen an uptake across India as corporates look to relocate and consolidate operations
China's realty moguls see 5% drop in fortune
Oct 14, 2014
This year's average fortune of top 50 Chinese real estate tycoons was 14.9 billion yuan ($2.4 billion), 5 percent lower than that in 2013, Beijing Morning Post reported
BDA staff expense under IT scanner
Oct 14, 2014
The Income Tax (IT) department has asked the development authority to submit names of its employees who have invested more than Rs 5 lakh between 2010-11 and 2013-14
Tata Housing's arm Value Homes launches e-commerce platform to sell homes
Oct 14, 2014
Tata Value Homes, a 100 per cent subsidiary of Tata Housing, launched its exclusive e-commerce platform to sell flats and is eyeing up to Rs 1,000 crore revenue by FY2015-16
New home launches rose 30% in March quarter: Assocham
Oct 14, 2014
Launches of new homes rose by 30 per cent during January-March period of 2014 in anticipation of recovery in the property market
JLL to release white paper on Hyderabad real estate
Oct 14, 2014
Real Estate market consultant JLL will release a white paper on the growth opportunities in the Hyderabad real estate market, later this week
High inventories force realty price slump in big cities
Oct 14, 2014
A vibrant festive season notwithstanding, things are hardly looking up for the real estate sector
Government extends concessions to realty sector
Oct 14, 2014
The Telangana government issued orders offering concessions to real estate sector
Bangalore honchos on property-buying spree in the US
Oct 14, 2014
The investments by Indians (those with Indian passports) in residential property in the United States rose by nearly 50% to $5.8 billion

Latest Realty News Of State

Realty Talk's