Recently, vide its order, Hon’ble Assam Real Estate Appellate Tribunal at Guwahati has held that since the Appellant did not obtain an occupancy certificate on the date of commencement of the Real E...
The Hon’ble Supreme Court of India in The Kerala State Coastal Zone Management Authority Member Secretary v. Maradu Municipality & Ors., prescribed certain responsibilities for homebuyers and ruled on the criteria where the interest component shall not be applicable to the refund payable to the homebuyers by the builders. INDUSLAW’s Avikshit Moral and Vidit Mehra provide an analysis of the decision and elaborate on its practical implications in the real estate industry.
