Bengaluru Builder Ordered to Provide Parking for Flats Bought from Landowner

26 Mar 2024 CW Team

A court in Bengaluru has directed a builder to allocate parking spaces for flats purchased from a landowner. This decision comes as a relief to residents who were facing challenges due to the lack of parking facilities in the apartment complex.

The court's ruling emphasises the importance of providing essential amenities such as parking spaces to residents of housing complexes. It underscores the builder's responsibility to fulfil commitments made to homebuyers and ensure the provision of necessary facilities for comfortable living.

The directive to allocate parking spaces for flats purchased from the landowner reflects the court's commitment to upholding the rights of homebuyers and addressing grievances related to inadequate infrastructure in housing projects.

As the builder is instructed to comply with the court's order, residents can expect improved amenities and convenience in the apartment complex. The allocation of parking spaces is likely to enhance the quality of life for residents and alleviate parking-related issues in the locality.

The court's decision serves as a precedent for holding builders accountable for fulfilling their obligations towards homebuyers and ensuring the provision of essential facilities in housing projects. It reinforces the importance of regulatory oversight and judicial intervention in safeguarding the interests of consumers in the real estate sector.

Infrastructure Urban

30 May 2026

Panasonic Showcases Connected Display Solutions

Panasonic Life Solutions India showcased its integrated display, projection, broadcast and communication technologies at Panasonic Tech Summit 2026 in New Delhi. Hosted through its System Solutions Division, the two-day event highlighted connected technology solutions for education, healthcare, retail, transportation, corporate offices and entertainment.The summit, themed ‘Turning Technology into Value’, featured experience-led zones covering QSR, retail, transit, corporate offices, healthcare, education, security, projection, home theatre and professional displays. Panasonic also introduc..

Kapsch to Deliver India’s First C-ITS Project

"Kapsch TrafficCom will deliver India’s first Cooperative Intelligent Transport Systems project on a key expressway near New Delhi. The project will be implemented with Superwave Communication And Infrasolution Limited to demonstrate how connected mobility can improve road safety and traffic efficiency.The pilot will use real-time connectivity and AI-enabled situational awareness to support road users, especially in high-risk areas such as temporary work zones. Drivers will receive alerts on roadworks, maintenance vehicles, hazardous locations, traffic queues and temporary virtual signage di..

Eurobond Net Profit Rises 44 Per Cent

Euro Panel Products, the parent company of Eurobond, reported a 44.13 per cent year-on-year rise in net profit for FY25–26. The company’s revenue from operations grew 18.91 per cent to Rs 503.20 crore, compared to Rs 423.18 crore in the previous financial year.The company’s full-year EBITDA stood at Rs 56.67 crore, marking a 31.82 per cent increase. Profit after tax rose to Rs 26.56 crore, while net worth increased 20.15 per cent to Rs 160.07 crore. Earnings per share for the year stood at Rs 10.84.Divyam Rajesh Shah, Whole Time Director and CFO, Euro Panel Products, said the company’s..