Penalty on Builder: A builder’s violation of his promise proved so costly that a fine of Rs 7.5 lakh was imposed on him. This case is from Delhi where two builders, while selling flats to the buyers, had promised that they would install a lift in the building. But this did not happen even after 10 years, due to which people got angry and filed a complaint in the consumer court.

What is the whole matter?
Actually, two flat owners had complained to the Commission that they had purchased the flats in the year 2013 and 2014. At that time the builders had assured them that the lift would be installed within a month of registration. The cost of lift was also included in the price of the flat, but even after many years this promise was not fulfilled. Due to which the angry flat owners complained to the builder.

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sent a legal notice
After waiting for this matter for almost four years, the flat owners sent a legal notice in the year 2018. After this, an agreement was reached between the two parties on 19 August 2018. According to the agreement, the builders had to install the lift by March 31, 2019. If they did not do so, they had to pay Rs 6 lakh to the flat owners.

Commission’s decision
After the complaint of the flat owners, the Commission found that the builders neither installed the lift within the stipulated time nor paid Rs 6 lakh. It was also clearly written in the documents that the buyers would have the right to use the lift and other shared facilities of the building. Therefore, it was the responsibility of the builders to provide lifts. The commission ordered builders to pay Rs 6 lakh to flat owners, Rs 1 lakh for mental distress and harassment and Rs 50,000 as litigation expenses.

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Not only this, the Commission also said that builders are legally responsible for providing the promised facilities and scheduled facilities to the buyers on time. If they do not do so, they may have to pay compensation.

What can consumers do?
If something like this happens to you or someone close to you, you can take help of the law. The court will help you in such cases and will also get you compensation.

Noida and Greater Noida if you want to settle down, then you will have to spend more than before. The reason for this is the cost of land and houses in Greater Noida and Yamuna Authority area. While the Yamuna Authority increased the price of the property by 10% to 110%, the property rates have increased by five percent.

However, despite this, the people of Delhi-NCR are giving priority to buy a house here. In such a situation, we tried to know from real estate experts about what is the reason for this.

Why Noida-Greater Noida priority

Regarding this, the development of infrastructure in the district and global investment in the district has become an alternative to luxury destination, which can give a better budget home than other cities of the country, “due to the sale of selected plots, the location like Noida has become an alternative to the location of Luxury Destination in the country. The average price of the unit is going on above 3 crores. So the entry of high net worth and NRI buyers is also being done in Noida, where projects of their choice are being developed.

Stretch towards premium property

However, in this regard, Secretary from Western UP, Dinesh Gupta says, Noida has gone to the luxury segment due to its location and concentration, where now only premium property is being launched by the country’s famous Girami promoters. Whether it is Central Noida or Noida Expressway, limited land and prime Lokshan, unit sizes are large and are getting at their highest rates.

He further said that but in Noida there is a certain class of householders who would not want to compromise with their choice and class. In such a situation, a large section of home buyers can go towards other options including Greater Noida, Yamuna Expressway and Ghaziabad where the property is in their budget.

Also read: How Greater Noida emerging as the biggest micro market of real estate? Experts told