The National Consumer Disputes Redressal Commission dismissed a flat buyer's plea for a refund from a builder facing liquidation, highlighting the challenges faced by consumers in stalled real estate projects.
Builders will have to suffer the consequences of illegally holding on to a consumer's money and refusing to refund it.
To ensure the property right is not contested, one has to take various steps, including getting a bank NoC.
Retail investors usually get caught up in the frenzy of a bull market and burn their fingers in IPOs, warns Tinesh Bhasin.
Real estate bill seeks to impose penalties, including de-registration of the project and other fines in case of a breach.
Ajit Mishra, vice president, Research, Religare Broking, answers readers' queries on stocks they own or want to buy.
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As home deals are down to a trickle, most are looking at life beyond broking.
