#RealtyNewsRoundUp: Builders Can’t Escape Paying Compensation To Buyers For Projects Delays Using Excuses, Rules NCDRC

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Giving its verdict in a case where a sister concern of real estate giant DLF failed to deliver homes within a specified limit, the National Consumer Dispute Redressal Commission has said that builders cannot escape compensating buyers by citing delays in getting approvals from authorities and hurdles in land acquisition as the reasons. The apex consumer panel also said that homebuyers were not responsible for cost and time overruns in a housing project in a manner and should not be made to suffer owing to that.

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The Uttar Pradesh Real Estate Regulatory Authority (UPRERA) on December 13 directed eight builders in the region to either complete 13 of their ongoing projects in a year or face legal action. The developers have reportedly assured the authority that they would deliver as many as 7,800 units across these 13 projects by the end of 2019.

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The Karnataka government is likely to file an appeal before the National Green Tribunal (NGT) , seeking a review of the tribunal’s recent ruling. The NGT has asked the government to deposit Rs 500 crore to rejuvenate the polluted Bellandur lake. The government will also seek revision of the NGT’s landmark May 2016 ruling through which it barred construction activity within 75 metre of the water bodies.

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Prime Minister Narendra Modi will lay the foundation stone for the Metro Line-5 (Thane-Bhiwandi-Kalyan) and the Metro Line-9 (Dahisar-Mira Bhayander) of the Mumbai Metro on December 18, along with Maharashtra Chief Minister Devendra Fadnavis. The PM will also launch a housing scheme for 60,000 affordable homes under the Pradhan Mantri Awas Yojana by the City and Industrial Development Corporation of Maharashtra (Cidco) .

Source: Media reports