MAM
Shreyas Iyer joins Incred as brand ambassador, following Rahul Dravid
MUMBAI : Incred Group has signed star cricketer Shreyas Iyer as its new brand ambassador, stepping into the shoes of the iconic Rahul Dravid. Known for its strong ties to cricket, Incred draws inspiration from the sport’s core values discipline, resilience, and high performance making Iyer the perfect fit to champion its vision of financial confidence and success.
Incred founder & group CEO Bhupinder Singh expressed his excitement about the partnership, stating, “Iyer embodies fearlessness and determination qualities that align perfectly with Incred’s mission of empowering individuals to achieve financial confidence. We are thrilled to have him on board as we continue to help people navigate their financial journeys with certainty.”
Iyer said, “Cricket is full of opinions, but in finance, true expertise stands out. I’m excited to partner with Incred, a leader in financial services, to help spread awareness about smart financial solutions.”
Incred group head of marketing Radhika Zingade highlighted how the association reflects the brand’s philosophy. “Iyers’ versatility his ability to anchor or accelerate as needed resonates with Incred’s role in guiding customers through different financial phases. This partnership is set to make a lasting impact.”
Brands
Maharashtra panel orders Lodha to refund Rs 5 crore to homebuyers
Consumer court flags unfair practices in long-running property dispute case
MUMBAI: In a sharp rebuke to one of India’s biggest real estate players, the Maharashtra State Consumer Disputes Redressal Commission has directed Macrotech Developers to refund nearly Rs 5 crore to a senior citizen couple, Uttam and Anindita Chatterjee. The ruling, delivered on March 13, 2026, calls out the developer for “deficiency in service” and “unfair trade practices”, bringing closure to a dispute that has stretched over a decade.
The case traces back to 2015, when the couple booked a 3-BHK flat at World Towers in Lower Parel for Rs 12.22 crore, with possession promised within a year. What followed was a series of changes that complicated matters. After deciding to exit the project, they were persuaded to shift to a 4-BHK in another development priced at Rs 8 crore, with delivery scheduled for 2018. However, within months, the price was allegedly increased to Rs 10 crore. After demonetisation reshaped the market, similar flats were reportedly being offered at lower prices, but the couple were not given the benefit.
Despite paying over Rs 2.83 crore, the couple neither received possession nor clarity. Instead, in 2018, the developer unilaterally cancelled the booking, retained part of the amount as earnest money, and argued that the buyers were investors rather than consumers. The commission rejected this claim, observing that casual references to “investment” do not take away consumer rights when the purchase intent is residential.
The bench also held that the developer could not penalise buyers for payment delays while failing to meet its own delivery commitments. It noted the lack of formal documentation for revised terms and termed the prolonged retention of funds without delivering a home as exploitative.
As part of its order, the commission directed the developer to refund Rs 2.83 crore paid by the couple, along with interest at 10 per cent per annum, amounting to around Rs 2.12 crore. In addition, Rs 1 lakh has been awarded for mental agony and Rs 50,000 towards litigation costs, taking the total payout to over Rs 5 crore. The developer has been asked to comply within two months.
For now, the ruling serves as a reminder that in real estate, shifting terms and delayed promises can carry a significant cost.
