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Realty
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Stay updated with the latest news and trends in the realty sector. This tag encompasses various aspects of real estate including property developments, market insights, investment opportunities, and industry news, providing comprehensive coverage for real estate professionals and enthusiasts.
Get the latest news, trends, and insights in the real estate industry. This tag covers a wide range of topics including market analysis, property developments, investment opportunities, and residential and commercial real estate updates. Stay informed about the dynamics shaping the real estate sector.
Omkar 1973: Builder Delayed Possession, MahaRERA Denied Interest & Cut 2%; Tribunal Grants Full Refund + Interest
In a landmark ruling, the Maharashtra Real Estate Appellate Tribunal has directed Omkar Realtors to refund ₹7.69 crore plus interest from 2016 to a family for a flat in the stalled Omkar 1973 project, overturning MahaRERA’s order that denied interest and allowed a 2% deduction.
MahaRERA Rejects Joint Complaints by Homebuyers Seeking Individual Reliefs
MahaRERA has partly allowed a complaint by 11 flat buyers in the Gaurav Samruddhi project but rejected most individual reliefs, citing the procedural bar on joint complaints for personal grievances and directing buyers to file separate complaints or approach through their registered society for collective issues. The Authority ordered the developer to obtain the Occupation Certificate within 30 days.