Latest StoriesRegulatory

Ghaziabad Forum Orders Builders to Refund Buyer ₹7 Lakh

GHAZIABAD: The District Consumer Disputes Redressal Commission has ordered two real estate developers to refund a total of ₹7 lakh, plus interest, to a homebuyer. This ruling was made after the buyer did not receive possession of a flat booked back in 2008 due to significant project delays. The commission has also imposed a ₹10,000 penalty on each developer—Ghaziabad-based M/s Shreya Developwell Private Limited and Delhi-based M/s Sangwan Heights Private Limited—requiring compliance within 30 days. The ruling, delivered on April 17 by Commission President Anil Kumar Pundir and members Shailja Sachan and RP Singh, stems from a complaint filed by…

Latest StoriesRegulatory

DM Files FIR Against Ghaziabad Highrise Owners for Fraud

GHAZIABAD: District Magistrate Ravindra Mandar has directed the filing of an FIR against the officials of a Rajnagar Extension apartment owners’ association (AOA) due to alleged financial misconduct. The decision comes after a complaint from Satyajeet Kumar, a resident of Savy Ville De Society, who accused the AOA members of fraud and mismanagement of funds. As of this report, the FIR had not yet been registered. In response, Hemant, the AOA president, informed TOI that they have requested the DM to conduct a re-audit of the society’s finances. An audit by the Deputy Registrar’s office for the years 2022-2023 and…