Property dispute: Developer admits failing to deliver apartments at agreed date
6 Articles
6 Articles
Property dispute: Developer admits failing to deliver apartments at agreed date
Chief Executive Officer of Oak Homes Limited and a property developer, Mr. Olukayode Olusanya, has admitted before the Lagos State High Court, sitting at Tafa Balewa Square, that his company failed to deliver two apartment units to a client as agreed, in an ongoing N152 million property dispute. Olusanya made the admission during proceedings in Suit No: LD/4471LM/2023 he filed against a United State’s based Engineer, Mr. Anthony Ugbebor and the…
Godrej Properties Asked To Refund Rs1.07 Crore with Interest to Home-buyer
National consumer dispute redressal commission (NCDRC) has ordered New Delhi-based Godrej Properties Ltd to refund Rs1.07 crore to the homebuyer Sanjay Vijay as the developer failed to hand over the possession of the apartment within the stipulated time.


The civil and commercial judge Verónica Gotlieb ordered the company “Protierra SRL” to refund money and pay property damages in dollars and $1,000,000 for moral damage to a couple of young professionals who had bought 3 lots in Ricardone’s “Las Moras II” real estate development. The loteo was due to be delivered in early 2022, but this never happened. Buyers waited more than a year and ended up terminating the contract. The developer refused to …
We didn’t deliver two apartments to our client, property developer tells court
By Bayo Davids A property developer, Mr. Olukayode Olusanya, and his company, Oak Homes Limited have owned up before the Lagos State High Court sitting at Tafawa Balewa Square, their failure to deliver two apartment units to a client as agreed, in an ongoing N152 million property litigation case. The admission came during proceedings in Suit No: LD/4471LM/2023 filed by the claimants against Mr. Anthony Ugbebor and the Economic and Financial Cri…
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