common practice in luxury flats that the value of the flats increases with the purchases by the celebrities. Besides, the persons who have originally booked ... flats. Therefore, overwhelming reliance placed on the instance of purchase of flats by Shri Sachin Tendulkar as against the booking of the flats
sale deeds of the flats, it matches with the price charged from the other flat purchasers to whom flats were sold after taking on-money ... sale of flats by the assessee. While coming to this conclusion it is presumed that on-money is taken from other flats purchasers also which
respect of the flat allotted to the purchaser and the purchaser shall not give his flat allotted to the purchaser on leave and licence ... assessee. It is universally true that the flat builders receive amounts from flat purchasers either in cash or in cheque in various instalments during
value of flats, that the builder admittedly abandoned part of the said project. Flat purchasers in this complaint are similarly situated ... been paid in time, flats would have been completed in time. General slump in the market and seeing some flat purchasers getting their money back
garage" must be considered as would be understood by a flat purchaser and such person would contemplate garage which has a roof and wall ... open/stilt parking space as part of `common areas', every flat purchaser will have to bear3 proportionate cost for the same although
Jalandhar Improvement Trust & Anr. vs Rajinder Kumar Godara on 28 August, 2020
NATIONAL CONSUMER
Order dated 23.10.2018 allowed the Consumer Complaint filed by the Respondent - Flat Purchaser, and held that since the last date stipulated for construction had expired ... this period, the Respondent - Flat Purchaser had to service a loan that he had obtained for purchasing the flat, by paying Interest
cost
thereof in proportion to the carpet area of the flat from each flat purchaser.
Such stilt parking space being neither flat under Section ... were indulging in malpractices in the sale and
transfer of flats and the flat purchasers were being exploited. The effect of
MOFA may be summarized
circumstances, after the Company handed over
possession of the individual flat to flat purchasers, considerable civil work was carried
out by the individual flat owners ... complete; the Company could legally handover
possession of the units/flats to the flat purchasers. It was on the basis of this Certificate
the Company
purpose of selling the flats by the builder." The Court observed that in these circumstances, the flat purchasers could not be compelled to obtain ... developer to comply with the contractual obligation to provide the flat to a flat purchaser within a contractually stipulated period amounts to a deficiency. There
