Bangalore builder to pay for delay in flat possession

Bangalore Property at Makaan.com

In a landmark judgment in Bangalore realestate  Karnataka State Consumer Disputes Redressal Commission has asked a leading Bangalore realestate developer to pay a a substantial amount of cash for failing to give a possession of residential property in Bangalore within the stipulated time. The developer of realestate in Bangalore has been asked to pay an interest of 15% on the cash that was paid by the purchaser towards the sale of residential property in Bangalore.

According to the complainant the purchaser had bought residential Bangalore property . He was promised that the possession of flat in real estate in Bangalore India would be given in January 2003. He had requested the builder to merge the 2 flats of 1,150 square feet each and provide him with a larger flat which measures 2300 square feet. A sale deed was signed for the same, but when the developer of real estate in Bangalore, India failed to give him possession even in 2010, the complainant had to approach Karnataka State Consumer Disputes Redressal Forum.

The commission asserted that it is clear that the two parties had entered in a sale agreement in 2001. The complainant had paid builders of realestate in Bangalore an amount of  Rs 11.5 lakh, and the balance was to be paid in the year 2002. The purchaser had asked Rs 20 lakh as a compensation amount apart from seeking directions that the developers of real estate in Bangalore India to execute the deed. The commission has said that the delay of the property site was intentional and it has asked the builders to execute the sale deed of the 2,300 square feet property site within a month. The commission has also asked the builders to pay 15% interest on the money given by the purchaser alongwith Rs 2,000 as litigation expenses within a month. Makaan.com is India property sites that deals with real estate India. The property site lists India property and property in Ahmedabad.

GDA asks Realty Developers to Furnish Project Details or Face Consequences

Ghaziabad Property

Real estate developers in Ghaziabad have been slapped with notice on account of their failure to comply to the UP Apartments Act. Ghaziabad Development Authority(GDA) has decided to take stern action against all the defaulters in light of the increasing unscrupulous activities on their part. Of late, about 30 developers have been asked to furnish all the necessary details of their projects. The realtors are expected to furnish information about title deed, number of floors, plot size, and other important details that are invariably concerned to buyers.

According to GDA, there are more than 150 projects for property in Ghaziabad that are currently into construction. In order to safeguard buyers' interests, the authority shall do its authentication part for the information that these seekers shall furnish. Action shall be taken all those realtors who submit incorrect details of their projects; their identities shall be revealed online so that property-seekers can keep protect themselves from falling  into traps of these fraudsters.

In order to keep the buyers and investors well-informed, GDA has also decided to upload names of developers that transgress construction rules over its website. The GDA'a site shall mention names all those property projects that have been sealed on certain account. The layout plans that do not conform to the set rules shall also be made public. The site shall assist end-users know of the Ghaziabad property projects that are unauthorized. Such a step is expected to bring about transparency in the otherwise dismal state of affairs.

To locate Ghaziabad properties, one can look into India property sites.  

Faridabad Property: An Affordable Market for Real Estate

Faridabad property at Makaan.com

Faridabad scores decently high, when it comes to its potential as the next real estate hub. Given that it is not throttled with overpopulation and still carries some fresh air to breathe in. Seeing the way cities like Delhi and Gurgaon are bearing the brunt of overwhelming prices and lack of space, this city can be the next best option. Faridabad property is garnering the attention of middle-class buyers: the rates in some of its colonies are still within the reach of an average buyer. Big developers are now eying the city as their next center for floating new projects. Pick up a real estate newspaper and you will see a plethora of ads that focus on upcoming or under-development projects in various sectors of the city.

As our point of interest here is affordable properties, let's see what are the major options that offer you cost-effective houses. Palwal, Neharpar, Sainik Colony, NIT, and Surajkund are some of the localities that can offer you a 2 BHK within the price range 25-40 lacs. Palwal is situated over NH-2 and is a part of Kundli-Manesar-Palwal Expressway or Western Peripheral Expressway. This gives it an edge over other areas: a network of overpasses, underpasses, over bridges, and minor bridges imparts excellent connectivity to Delhi, Noida, and Greater Noida.  Faridabad property, especially 2 BHKs, are available in the price range 15 lacs-30 lacs.

At Neharpar, better called Greater Faridabad, comprises of sectors 75-89, and is considered a good budget area. The locality is known for rapid commercial development, skyscrapers, and wide roads. Like Palwal, its strategic location makes it easily accessible to other cities of Delhi/NCR.

Makaan.com, one of the leading India Property sites, lets user to buy, sell, or rent residential and commercial spaces in different price segments. Keep yourself informed of Faridabad property trends and be part of real estate forum, as provided by the portal.

Benefits of considering real estate websites while buying or selling properties

Buying or selling a property is a tough decision and so we always seek for the best deal or property. Moreover, who wouldn’t want to save a percent of the sale price? Property websites have simplified the way people buy or sell properties. The real estate websites have become more of a destination or platform for home buyers and sellers to connect to each other and facilitate transaction. Home buyers are highly benefited from realty sites as they can easily find information on properties and developers with the click of mouse.

Speculative home buyers are taking advantage of the popular property sites in India to collect news or information on realty market and trending prices. Many India property sites even allow its customers to post their requirements and get alerts with specific to location, budget and amenities. Through these sites, home buyers can browse luxury apartments in varied residential units built by varied developers that suit their preferences and prices.

Wouldn’t it be great to get a peek of the house or property you intend to buy? Exactly, without being at the spot properties sites let you view the house/flat/apartments/villa meant for sale through pictures uploaded by the owner. Home buyers can view the pictures and get a fair idea of the rooms, lawns, windows, balcony and take decisions.

Anyone can spend a few minutes online and collate information on houses or real estate and compare them whether a specific house is overpriced or under priced. Although real estate agents are capable of providing data on houses within their locality but in the best-case scenario, home buyers can contact the owner of the property directly through real estate websites who have put it on sale and negotiate the price.
 
Compared to local real estate agents, properties sites offer information on a range of plots, apartments, villas, pent houses, PGs available at varied prices. Many a times, agents do not share information with buyers, such as, if an owner is willing to offer a discounted price on its property. So, transparency is one of the factors that make realty sites highly popular. Home buyers can easily find properties online that carry the tag of discounted price.  Moreover, the sites also provide tools to calculate the prices of varied properties.

Demand for India properties is surging in the global realty market and investors are eyeing for potential properties to invest. With the coming up of commercial and premium luxury projects, the value of plots and real estate have surged in the recent years.