In a real estate project, named Ramrajya, the homebuyer and the builder reached settlement thus ending a refund issue.

By Varun Singh

Ramrajya is said to be a system where no one is wronged and justice is done to all.

Recently MahaRERA heard a case of a project named Ramrajya Neptune Udaan D, located at Amivali near Kalyan.

Homebuyer Ashish Kasbekar approached MahaRERA against Neptune Developers Ltd.

The homebuyer was seeking directions from MahaRERA that the builder refund him the money that he had paid him.

Kasbekar had booked a flat in the project Ramrajya Neptune Udaan D. He even was seeking compensation along with interest for the amount he had paid to the developer.


During the hearing both the parties appeared and made their submissions.

In the hearing, the builder’s representative showed willingness to refund the entire amount to the complainant.

The builders representative informed that they will refund Rs 81,442 before October 30, 2020.

During the course of hearing, the homebuyer accepted the statement made by the developer before MahaRERA through affidavit.

Dr Vijay Satbir Sing, Member I, MahaRERA noted in his order, “In view of the aforesaid settlement arrived at between both the parties, the MahaRERA feels that nothing survives in this complaint.”

“The liberty is granted to the complainant to approach MahaRERA is case of any default on the the part of respondent (builder).”

Dr Vijay Satbir Sing, Member I, MahaRERA

After which the complaint pertaining to the project Ramrajya was disposed off.

Also Read: Corona Forces MHADA Winners To Return Shops

Leave a Reply
You May Also Like

Enhanced: Livelihoods of 700 Construction Worker Families

Labourhome has significantly contributed to the construction of Ola Electric’s largest two-wheeler factory in Asia, enhancing the livelihoods of 700 construction worker families. By deploying over 700 workers and providing extensive support, Labourhome played a key role in the project’s success and timely completion, demonstrating its commitment to improving worker welfare and managing large-scale workforce deployments effectively.

CIDCO to hold 5,000 homes lottery in Jan 2022

CIDCO in the month of January 2022 will be coming up with…

Housing sales momentum to continue as RBI holds repo rate

The Reserve Bank of India’s (RBI) Monetary Policy Committee (MPC) announced its…

Cabinet Approves Rs 28,602 Crore Plan for 12 New Industrial Smart Cities to Boost Economic Growth

The Indian Cabinet has greenlit a transformative initiative to develop 12 industrial…