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News Updates

02 Jul20

Refund the booking amount: MREAT orders omkar ventures

The MREAT (Maharashtra Real Estate Appellate Tribunal) asked the Omkar Ventures to refund the booking amount of the buyer which has been forfeited by showing some clauses in the allotment letter. The appellate jurisdiction set aside the MAHARERA and said that no developer can seize the booking amount illegally by showing certain clauses in allotment letter by signing t forcefully. The tribunal jurisdiction said that homebuyers should not face such problems created by the developers.

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23 Jun20

Boycott Chinese materials in construction: CREDAI West Bengal

The CREDAI (The Confederation of Real Estate Developers' Associations of India) of West Bengal has decided unanimously to boycott the Chinese materials in the construction works and should use local materials. There are more than 900 projects which are registered under WBHIRA (West Bengal Housing Industry Regulatory Authority). CREDAI West Bengal is the crest association of the state which represents the CREDAI Howrah-Hooghly and CREDAI North Bengal. The association has taken such a drastic

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20 Jun20

Chinese building materials are boycotted by Surat realtors

When the country is in tension for losing 20 soldiers as China has killed them, the CREDAI- Surat has decided to boycott the materials which are imported from China. More than 800 realtors are representing the CREDAI of Surat and they have taken a unanimous decision for not using Chinese goods like bathroom fittings, window fittings, kitchenware, etc which will be a big step against China. More than 5000crore per annum is being used for importing the materials from China. One of the officials

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