Escolar Documentos
Profissional Documentos
Cultura Documentos
BUDGET 2019
Stocks (https://www.moneycontrol.com/news/business/stocks/) Economy (https://www.moneycontrol.com/news/business/economy/)
(https://www.moneycontrol.com/budget-2019/)
Research (https://www.moneycontrol.com/equity-research/) Mutual Funds (https://www.moneycontrol.com/news/business/mutual-funds/)
Associate Sponsor
Personal Finance (https://www.moneycontrol.com/news/business/personal- nance/) Property (https://www.moneycontrol.com/real-estate-property/)
(http://pubads.g.doubleclick.net/gampad/clk?id=4937268683&iu=/1039154/Moneycontrol/MC_Click_Tracker)
Auto (https://www.moneycontrol.com/news/technology/auto) IPO (https://www.moneycontrol.com/news/business/ipo/)
Opinion (https://www.moneycontrol.com/news/opinion.html) X
Stay up to date with the latest news. Subscribe to moneycontrol now!
YOU ARE HERE: Home (Https://Www.Moneycontrol.Com/) News (Https://Www.Moneycontrol.Com/News/) Business (Https://Www.Moneycontrol.Com/News/Business/) Real
Estate (Https://Www.Moneycontrol.Com/News/Business/Real-Estate/)
(Http://Www.M
Autono=119861
Vandana Ramnani
@vandanaramnani1 (https://twitter.com/vandanaramnani1)
Can homebuyers be deprived of a refund Market Headstart: Nifty likely to open flat; Oil nudges hig
under RERA? 3 stocks which could give... production we
https://www.moneycontrol.com/news/business/real-estate/can-homebuyers-be-deprived-of-a-refund-under-rera-3417721.html 1/16
1/29/2019 Can homebuyers be deprived of a refund under RERA?
(https://api.whatsapp.com/send?
text=Can
homebuyers What is Outcome Tata Motors BSNL tie-up
Budget? to make cars smart
be (https://www.moneycontrol.com/news/eye-
(https://www.moneycontrol.com/
on-india/videos/budget-in-a- take-tata-motors-bsnl-tie-up-
deprived minute-what-is-outcome-
budget-3445881.html)
to-make-cars-smart-
3445721.html)
refund (https://www.moneycontrol.com/news/eye-
(https://www.moneycontrol.com/
on-india/videos/editors-take- on-india/videos/3-point-
can-subhash-chandras-apology- analysis-lt-q3-earnings-review-
under calm-investors-3446331.html) 3445031.html)
RERA?
- (https://www.facebook.com/sharer/sharer.php?
(https://twitter.com/home?
(https://plus.google.com/share?
(http://www.linkedin.com/shareArticle?
https://www.moneycontrol.com/news/business/real-
u=https://www.moneycontrol.com/news/business/real-
status=%0Ahttps://www.moneycontrol.com/news/busin
url=https://www.moneycontrol.com/news/busines
mini=true&url=https://www.moneycontrol.c
estate/can-
estate/can-
estate/can-
estate/can-
estate/can-
homebuyers-
homebuyers-
homebuyers-
homebuyers-
homebuyers-
be- be- be- be- be-
deprived-
deprived-
deprived-
deprived-
deprived-
of-a- of-a- of-a- of-a- of-a- MUST LISTEN
refund-
refund-
refund-
refund-
refund-
under-
under-
under-
under-
under-
rera- rera- rera- rera- rera-
3417721.html)
3417721.html)
3417721.html)
3417721.html)
3417721.html)
https://www.moneycontrol.com/news/business/real-estate/can-homebuyers-be-deprived-of-a-refund-under-rera-3417721.html 2/16
1/29/2019 Can homebuyers be deprived of a refund under RERA?
Maruti Suzuki launches new Baleno
(http://www.moneycontrol.com/india/stockpricequote/textiles-
priced between Rs 5.4-8.77 lakh
processing/bombaydyeingmanufacturingcompany/BDM), way back in 2012. They (https://www.moneycontrol.com/news/
suzuki-launches-new-baleno-priced-
had alleged that the builder had made ‘false assurances regarding amenities and between-rs-5-4-lakh-and-rs-8-77-
lakh-3444101.html)
made changes to the carpet area and overall layout of the project’.
IND vs NZ 3rd ODI: Pandya announces his
"Keeping in mind the larger interest of approximately 520 allottees of the said return with a stunning catch, seven-ball
over
project, allowing bulk withdrawal from the MahaRERA registered project to so (https://www.moneycontrol.com/news/cricke
vs-nz-3rd-odi-pandya-announces-his-
many complainants at this stage would mean jeopardising the project completion. return-with-a-stunning-catch-and-a-
strange-seven-ball-over-3442641.html)
Money for the refund will have to be taken out from the separate account, which
is meant specially for the completion of the project and would eventually slow New PUBG patch with Moonlight mode
and new weapons released
down the progress of the project work especially at a stage where the project is (https://www.moneycontrol.com/news/trend
pubg-patch-including-moonlight-mode-
nearing completion with more than 800 of the super structure work completed," and-weapons-released-3443311.html)
directed Supertech to refund the amount taken from the buyers of a housing New app allows two-factor authentication
for all apps
project for cheating the buyers by accepting pre-launch booking before obtaining (https://www.moneycontrol.com/news/trend
app-allows-two-factor-authentication-for-
licences and not handing over the possession of the units on time.
all-apps-3434811.html)
Unitech case: SC turns down Chandra While homebuyers are of the view that they are
brothers' bail plea yet again
not responsible for pledging their money with
(https://www.moneycontrol.com/news/business/real-
estate/sc-refuses-bail-to-unitech- the developer 'indefinitely' and that they have
promoters-in-case-relating-to-siphoning-
of-home-buyers-money-3425861.html)
every right to seek a refund if the project has
been
Can homebuyers be deprived of a refund ‘unreasonably’ delayed, builders
Market Headstart: are
Nifty likelyof
to the
open flat; Oil nudges hig
under RERA? 3 stocks which could give... production we
https://www.moneycontrol.com/news/business/real-estate/can-homebuyers-be-deprived-of-a-refund-under-rera-3417721.html 3/16
1/29/2019 Can homebuyers be deprived of a refund under RERA?
The promoter should compensate allottees in case of any loss caused to him due to
defective title of the land on which the project is being developed or has been
developed, in the manner as provided under this Act, and the claim for
compensation under this subsection shall not be barred by limitation provided
under any law for the time being in force.
Section 12 of the Act also states that if a buyer has made an advance or a deposit
on the basis of the information contained in the notice advertisement or
prospectus, or on the basis of any model apartment, plot or building, as the case
may be, and sustains any loss or damage by reason of any incorrect, false
statement included therein, he shall be compensated by the promoter in the
manner as provided under this Act: Provided that if the person affected by such
incorrect, false statement contained in the notice, advertisement or prospectus, or
the model apartment, plot or building, as the case may be, intends to withdraw
from the proposed project, he shall be returned his entire investment along with
interest at such rate as may be prescribed and the compensation in the manner
provided under this Act.
https://www.moneycontrol.com/news/business/real-estate/can-homebuyers-be-deprived-of-a-refund-under-rera-3417721.html 4/16
1/29/2019 Can homebuyers be deprived of a refund under RERA?
“A buyer cannot be forced to wait until 2021 for a project that was to be delivered
in 2012 nor can he forced to accept the extended deadlines. A buyer cannot be
responsible for ensuring sufficient funds in an escrow account to complete the
project,” he added.
Some legal experts are of the view that the MahaRERA order is a ‘blatant violation
of Section 18 that empowers the consumers to seek a refund in case of undue
delay in completion of a project'.
“If these buyers do not get relief from the appellate authority, they can again go in
appeal to high court but they cannot approach a consumer court and a high court
at the same time. That would amount to forum hunting and is not a fair practice,”
a lawyer explained.
Legal experts said authorities cannot pass any order which is against the express
provisions of the Act and based on the ‘internal’ guidelines framed by the
authorities themselves.
“These are property hoarders who were expecting an appreciation and because
the market has not improved, they want their monies with interest. Their request
for refund can sabotage the entire project and strangulate the genuine buyer,”
Anand Patwardhan, a Mumbai-based lawyer, said.
Having said that, it is best such matters are decided on a case-by-case basis as it is
often seen that the biggest challenge is getting commencement certificates by the
authorities on time and that is the main reason for delays, he added.
“If there is a reasonable delay, then compensation will be given to a buyer but if
there is an undue delay, buyers can ask for refund. Also, if only 20 people ask for
refund, then the building will not be completed. If a building is 95 percent
complete and 25 percent people want a refund, what will happen to the building
and what will happen to the rest of the buyers? Undue delay depends from
building-to-building – for a two-floor building it may mean over a year's delay and
for a 30-60-storey building, it could be entirely different," he said.
A year ago, Madhya Pradesh Real Estate Regulatory Authority (MP RERA) did not
allow a group of 40 buyers to walk out a project in which over 300 buyers had
invested in on grounds of delay. “The project was going ahead and there were
hundreds of workers
Can on
homebuyers be site. We
deprived granted
of a refund buyers compensation for delay
Market Headstart: but
Nifty did
likely to open flat; Oil nudges hig
under RERA? 3 stocks which could give... production we
https://www.moneycontrol.com/news/business/real-estate/can-homebuyers-be-deprived-of-a-refund-under-rera-3417721.html 5/16
1/29/2019 Can homebuyers be deprived of a refund under RERA?
not allow them to exit, lest the project became unviable. The builder actually
completed the project within three months. Therefore, walking out of the project,
should be the last resort,” said Anthony de Sa, Chairman of MP RERA.
“RERA has to reconcile various problems and see that the primary objective which
is to complete the project is met. And if the project is much delayed, compensation
should be provided for the period of delay. In case the project is at a standstill and
not moving forward, buyers should be allowed to walk out of the project and get
their money back. The primary concern is not if it there are more end-users or
investors as one assumes that everybody is an end-user. For a handful of buyers,
the majority should not be turned into a scapegoat,” he said.
However, homebuyers are of the view that for providing refund, the source of
funds is of no consequence. “The Act does not bar a builder from utilising reserves
from other projects, past profits or even by monetising personal assets,” a buyer
said.
Vandana.ramnani@nw18.com
MOST POPULAR
Can homebuyers be deprived of a refund Market Headstart: Nifty likely to open flat; Oil nudges hig
under RERA? 3 stocks which could give... production we
https://www.moneycontrol.com/news/business/real-estate/can-homebuyers-be-deprived-of-a-refund-under-rera-3417721.html 6/16
1/29/2019 Can homebuyers be deprived of a refund under RERA?
(https://www.moneycontrol.com/news/business/stocks/slideshow-
itc-and-niit-among-10-stocks-that-could-return-
up-to-9-58-in-short-to-medium-term-
3345951.html) (https://www.moneycontrol.com/news/business/stocks/escorts-
vedanta-among-10-stocks-that-could-return-up-
(https://www.moneycontrol.com/news/business/stocks/slideshow-
ITC and NIIT among 10 stocks super-six-picks-by-brokerages-for-18-44-returns-
to-12-in-1-month-3360001.html)
Can homebuyers be deprived of a refund Market Headstart: Nifty likely to open flat; Oil nudges hig
under RERA? 3 stocks which could give... production we
https://www.moneycontrol.com/news/business/real-estate/can-homebuyers-be-deprived-of-a-refund-under-rera-3417721.html 7/16
1/29/2019 Can homebuyers be deprived of a refund under RERA?
(https://api.whatsapp.com/send?
text=Market
Headstart:
Nifty
likely
to
Podcast | Pick of the day - Salary
open hikes, new jobs in 2019 as India
flat; prepares for the big election
(https://www.moneycontrol.com/new
3 pick-of-the-day-salary-hikes-new-
stocks jobs-in-2019-as-india-prepares-for-
which the-big-election-3447071.html)
could
STAY UPDATED
give
8- Subscribe to our Daily Newsletter
11% Enter Email address Submit
return
- (https://www.facebook.com/sharer/sharer.php?
(https://twitter.com/home?
(https://plus.google.com/share?
(http://www.linkedin.com/shareArticle?
Get Daily News on your Browser Enable
http://www.moneycontrol.com/news/business/markets/market-
u=http://www.moneycontrol.com/news/business/markets/ma
status=%0Ahttp://www.moneycontrol.com/news/busine
url=http://www.moneycontrol.com/news/business
mini=true&url=http://www.moneycontrol.co
headstart-
headstart-
headstart-
headstart-
headstart-
nifty- nifty- nifty- nifty- nifty- TRENDING NEWS
(https://www.moneycontrol.com/news/
stocks-
stocks-
stocks-
stocks-
stocks- suzuki-launches-new-baleno-priced-
between-rs-5-4-lakh-and-rs-8-77-
which-
which-
which-
which-
which- lakh-3444101.html)
could-could-could-could-could-
IND vs NZ 3rd ODI: Pandya announces his
give- give- give- give- give- return with a stunning catch, seven-ball
over
8-11- 8-11- 8-11- 8-11- 8-11- (https://www.moneycontrol.com/news/cricke
vs-nz-3rd-odi-pandya-announces-his-
return-
return-
return-
return-
return- return-with-a-stunning-catch-and-a-
strange-seven-ball-over-3442641.html)
2- 2- 2- 2- 2-
3447561.html)
3447561.html)
3447561.html)
3447561.html)
3447561.html)
New PUBG patch with Moonlight mode
and new weapons released
(https://www.moneycontrol.com/news/trend
pubg-patch-including-moonlight-mode-
The Nifty50 is likely to and-weapons-released-3443311.html)
https://www.moneycontrol.com/news/business/real-estate/can-homebuyers-be-deprived-of-a-refund-under-rera-3417721.html 8/16
1/29/2019 Can homebuyers be deprived of a refund under RERA?
Trends on SGX Nifty indicate a negative opening for the broader index in India, a
fall of 18.5 points or 0.17 percent. Nifty futures were trading around 10,669- level
on the Singaporean Exchange.
US stocks tumbled on Monday after warnings from Caterpillar Inc and Nvidia Corp
added to concerns about a slowing Chinese economy and tariffs taking a bite out
of US corporate profits, said a Reuters report.
Asian shares faltered on Tuesday and the dollar hovered near two-week lows as
prospects for a Sino-US trade deal was dealt a blow after the United States charged
Chinese telecom firm Huawei with bank fraud and for conspiring to steal trade
secrets, it said.
Tyre maker CEAT on Monday reported a 36 percent dip in its consolidated net
profit to Rs 52.24 crore for the quarter ended December 2018.
Technical Recommendations:
https://www.moneycontrol.com/news/business/real-estate/can-homebuyers-be-deprived-of-a-refund-under-rera-3417721.html 9/16
1/29/2019 Can homebuyers be deprived of a refund under RERA?
TAGS
#Eicher Motors Ltd (Https://Www.Moneycontrol.Com/News/Tags/Eicher-Motors-Ltd.Html)
#Engineers India (Https://Www.Moneycontrol.Com/News/Tags/Engineers-India.Html)
#HDFC Securities (Https://Www.Moneycontrol.Com/News/Tags/Hdfc-Securities.Html)
#Market Headstart (Https://Www.Moneycontrol.Com/News/Tags/Market-Headstart.Html)
#Markets At Moneycontrol (Https://Www.Moneycontrol.Com/News/Tags/Markets-At-
Moneycontrol.Html)
#Technical Recommendations (Https://Www.Moneycontrol.Com/News/Tags/Technical-
Recommendations.Html)
#Wipro Ltd. (Https://Www.Moneycontrol.Com/News/Tags/Wipro-Ltd..Html)
MOST POPULAR
(https://www.moneycontrol.com/news/trends/travel-
trends/top-destinations-2019-to-travel-in-2019- (https://www.moneycontrol.com/news/business/markets/crorepati-
make-sure-you-check-a-few-out-from-your- portfolio-heres-how-you-could-turn-rs-10000-
(https://www.moneycontrol.com/news/business/stocks/slideshow-
bucket-list-3314741.html) monthly-sip-into-rs-1-crore-3339351.html)
10-stock-picks-for-2019-from-smc-global-that-
may-return-15-28-3321511.html)Top destinations to travel in Crorepati portfolio: Here’s how
10 stock picks for 2019 from 2019: Make sure you check a you could turn Rs 10,000
SMC Global that may return few out from your bucket list monthly SIP into Rs 1 crore
15-28% (https://www.moneycontrol.com/news/trends/travel-
(https://www.moneycontrol.com/news/business/markets/crorepati-
(https://www.moneycontrol.com/news/business/stocks/slideshow-
trends/top-destinations-2019- portfolio-heres-how-you-
10-stock-picks-for-2019-from- to-travel-in-2019-make-sure- could-turn-rs-10000-monthly-
smc-global-that-may-return- you-check-a-few-out-from- sip-into-rs-1-crore-
15-28-3321511.html) your-bucket-list-3314741.html) 3339351.html)
https://www.moneycontrol.com/news/business/real-estate/can-homebuyers-be-deprived-of-a-refund-under-rera-3417721.html 10/16
1/29/2019 Can homebuyers be deprived of a refund under RERA?
Reuters
@moneycontrolcom (https://twitter.com/moneycontrolcom)
(https://api.whatsapp.com/send?
text=Oil
nudges
higher,
but
ample
global
production
weighs
- (https://www.facebook.com/sharer/sharer.php?
(https://twitter.com/home?
(https://plus.google.com/share?
(http://www.linkedin.com/shareArticle?
http://www.moneycontrol.com/news/business/commodities/oil-
u=http://www.moneycontrol.com/news/business/commoditie
status=%0Ahttp://www.moneycontrol.com/news/busine
url=http://www.moneycontrol.com/news/business
mini=true&url=http://www.moneycontrol.co
nudges-
nudges-
nudges-
nudges-
nudges- What is Outcome
Budget?
Tata Motors BSNL tie-up
to make cars smart
higher-
higher-
higher-
higher-
higher- (https://www.moneycontrol.com/news/eye-
(https://www.moneycontrol.com/
on-india/videos/budget-in-a- take-tata-motors-bsnl-tie-up-
minute-what-is-outcome- to-make-cars-smart-
but- but- but- but- but- budget-3445881.html) 3445721.html)
International Brent crude oil futures had yet to trade, after closing down 2.8 Get Daily News on your Browser Enable
percent in the previous session when prices hit a low of $59.49 a barrel - the
lowest since Jan. 15.
"Rising supplies continue to put downward pressure on crude prices despite the
efforts of the Organization of the Petroleum Exporting Countries (OPEC) and other
major producers to limit production," said Alfonso Esparza, senior market analyst,
OANDA.
Can homebuyers be deprived of a refund Market Headstart: Nifty likely to open flat; Oil nudges hig
under RERA? 3 stocks which could give... production we
https://www.moneycontrol.com/news/business/real-estate/can-homebuyers-be-deprived-of-a-refund-under-rera-3417721.html 11/16
1/29/2019 Can homebuyers be deprived of a refund under RERA?
US drillers added 10 oil rigs last week, according to energy services firm Baker
Hughes on Friday, in another sign of the expanding record US crude production
that has soured market sentiment.
MOST POPULAR
(https://www.moneycontrol.com/news/technology/drops-
(https://www.moneycontrol.com/news/technology/auto/behold-
pubg-and-otter-here-are-the-best-mobile-apps- the-livewire-harley-davidsons- rst-ever-all-
(https://www.moneycontrol.com/news/business/in- of-2018-as-per-google-3250891.html) electric-bike-3365751.html)
pics-tata-harrier-and-the-suvs-that-will-go-up-
against-it-3342761.html) Drops, PUBG and Otter: Here Behold: The LiveWire —
Tata Harrier and the SUVs that are the best mobile apps of Harley-Davidson's rst ever
will go up against it 2018 as per Google all-electric bike
(https://www.moneycontrol.com/news/business/in-
(https://www.moneycontrol.com/news/technology/drops-
(https://www.moneycontrol.com/news/technology/auto/behold-
pics-tata-harrier-and-the- pubg-and-otter-here-are-the- the-livewire-harley-
suvs-that-will-go-up-against- best-mobile-apps-of-2018-as- davidsons- rst-ever-all-
it-3342761.html) per-google-3250891.html) electric-bike-3365751.html)
Can homebuyers be deprived of a refund Market Headstart: Nifty likely to open flat; Oil nudges hig
under RERA? 3 stocks which could give... production we
https://www.moneycontrol.com/news/business/real-estate/can-homebuyers-be-deprived-of-a-refund-under-rera-3417721.html 12/16
1/29/2019 Can homebuyers be deprived of a refund under RERA?
(http://dailynewshunters.com/beggars-in-dubai-make-more-
money-per-month-than-most-people-earn-in-a-year/)
Dubai Beggars Make More Money Per (http://dailynewshunters.com/medical-facts-human-body/) (https://herbeauty.co/entertainment/top-10-most-beautiful-
classic-actresses/)
Month Than Most Earn In A Year Discover What Makes The Human Body
(http://dailynewshunters.com/beggars- 10 Utterly Gorgeous Classic Actresses
So Amazing
(https://herbeauty.co/entertainment/top
in-dubai-make-more-money-per-month- (http://dailynewshunters.com/medical-
than-most-people-earn-in-a-year/) -10-most-beautiful-classic-actresses/)
facts-human-body/)
https://www.moneycontrol.com/news/business/real-estate/can-homebuyers-be-deprived-of-a-refund-under-rera-3417721.html 13/16
1/29/2019 Can homebuyers be deprived of a refund under RERA?
(https://api.whatsapp.com/send?
text=Market
Live:
Indian
indices
likely
jobs-in-2019-as-india-prepares-for-
to the-big-election-3447071.html)
open
lower
on
weak
global
cues
- (https://www.facebook.com/sharer/sharer.php?
(https://twitter.com/home?
(https://plus.google.com/share?
(http://www.linkedin.com/shareArticle?
http://www.moneycontrol.com/news/business/markets/market-
u=http://www.moneycontrol.com/news/business/markets/ma
status=%0Ahttp://www.moneycontrol.com/news/busine
url=http://www.moneycontrol.com/news/business
mini=true&url=http://www.moneycontrol.co
live- live- live- live- live-
indian-
indian-
indian-
indian-
indian-
indices-
indices-
indices-
indices-
indices-
likely-likely-likely-likely-likely-
to- to- to- to- to-
open-open-open-open-open-
lower-lower-lower-lower-lower-
on- on- on- on- on-
weak-weak-weak-weak-weak-
global-
global-
global-
global-
global-
cues- cues- cues- cues- cues-
3447401.html)
3447401.html)
3447401.html)
3447401.html)
3447401.html)
MOST POPULAR
Can homebuyers be deprived of a refund Market Headstart: Nifty likely to open flat; Oil nudges hig
under RERA? 3 stocks which could give... production we
https://www.moneycontrol.com/news/business/real-estate/can-homebuyers-be-deprived-of-a-refund-under-rera-3417721.html 14/16
1/29/2019 Can homebuyers be deprived of a refund under RERA?
(https://www.moneycontrol.com/news/india/9-
of-10-most-polluted-cities-in-the-world-are-in-
india-delhi-not-worst-2561037.html)
SECTIONS
» Home (http://m.moneycontrol.com/)
Can homebuyers be deprived of a refund» Forum (http://m.moneycontrol.com/mmb/) » IPOto(http://m.moneycontrol.com/ipo/)
Market Headstart: Nifty likely open flat; Oil nudges hig
under RERA? 3 stocks which could give... production we
https://www.moneycontrol.com/news/business/real-estate/can-homebuyers-be-deprived-of-a-refund-under-rera-3417721.html 15/16
1/29/2019 Can homebuyers be deprived of a refund under RERA?
Follow us on
(http://www.facebook.com/moneycontrolFB)
(http://twitter.com/moneycontrolcom)
(https://plus.google.com/+moneycontrol)
Available On
(http://apps.microsoft.com/windows/en-
(https://itunes.apple.com/app/apple-
in/app/a4555fed-
(https://play.google.com/store/apps/details?
store/id408654600? 7225-4159-8569-
id=com.divum.MoneyControl&referrer=utm_source%3DWebAppsPage%26utm_medium%3DInstallButton)
pt=433541&ct=WebAppsPage_Install&mt=8)
8cfac5e412e0)
(https://moneycontrol.qrcsolutionz.com/)
Network 18 Sites: News18.com (https://www.news18.com/) | Firstpost (https://www. rstpost.com/) | CNBC TV18 (https://www.cnbctv18.com/) | In.com
(https://www.in.com/) | Cricketnext (https://www.news18.com/cricketnext/) | Overdrive (http://overdrive.in/) | Topper Learning
(https://www.topperlearning.com/)
Can homebuyers be deprived of a refund Market Headstart: Nifty likely to open flat; Oil nudges hig
under RERA? 3 stocks which could give... production we
https://www.moneycontrol.com/news/business/real-estate/can-homebuyers-be-deprived-of-a-refund-under-rera-3417721.html 16/16