From construction delays and refund refusals to outright defiance of Rera compensation orders, aggrieved buyers say enforcement is virtually non-existent. What began as a hopeful investment has, for many, turned into a fight for justice that drags on for years.
BHUBANESWAR: Residents of a major real estate project at Kalinga Nagar here staged a silent protest on Sunday, demanding handing over of the common areas to the association of allottees, a must under the Odisha Apartment (Ownership and Management) Act, 2023. Residents alleged that although the association of allottees was formed and registered with the competent authority, the developer was not handing over the common areas in the complex and using them for its own purposes. “The common areas have been specified in our project, which according to the Act belong to us and should be utilised by us. The…
NEW DELHI: Mumbai city registered sales of 11,565 property in May 2025, contributing ₹1,062 crore to the state’s revenue, according to Knight Frank India. While property registrations declined by 4% year-on-year in May 2025, stamp duty collection witnessed a rise of 3% during the same period. This uptick in revenue is attributed to a rise in transactions in the ₹5 crore and above segment. About 80% of all registrations in the month attributed to residential properties. Shishir Baijal, chairman & managing director of the company said, “In May 2025, Mumbai residential market saw a 4% YoY decline in property registrations,…
KOCHI: Keys of Mahatma Ayyankali Housing Complex, constructed for scheduled caste (SC) families without land or housing within Maradu municipality, were officially handed over by opposition leader V D Satheesan on Thursday. The complex, with an area of 6,856 sq ft, consists of eight flats — each with a living room, kitchen, balcony and two bedrooms with attached bathrooms — providing modern housing facilities for beneficiary families. Located in division 30 of the municipality, 20 cents was purchased for the project in 2015-16 spending Rs 87.88 lakh. Total construction cost amounted to Rs 2.68 crore. The function, chaired by municipal…