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

Cricketer Shreyas Iyer paid ₹2.9 Cr for a 525 Sq Ft home in Mumbai

Shreyas Iyer, a prominent member of the BCCI’s Indian Cricket Team, has made headlines with his recent purchase of a 525 sq ft flat in Mumbai’s Worli area for ₹2.9 crore. Acquired along with his mother, the deal was officially registered on September 19, highlighting the cricketer’s growing presence in the real estate market.

Abhishek Lodha Alleges Unauthorized Use of Lodha Brand by Brother Abhinandan Lodha’s HoABL

Abhishek Lodha, CEO of Macrotech Developers, has alleged that his brother Abhinandan Lodha’s company, HoABL, is misusing the “Lodha” brand name. Despite repeated objections, HoABL allegedly continues unauthorized usage, creating market confusion and damaging the reputation of the Lodha Group. The dispute stems from a family settlement in 2015-2017, where Abhinandan separated to start his own business. The real estate industry is watching closely as this trademark conflict unfolds.

Maharashtra Budget 2024: Real Estate Sector Welcomes Infrastructure and Housing Push

The Maharashtra Budget 2024 has been well received by real estate and infrastructure leaders, with major investments in urban development, housing, and industrial expansion. CREDAI-MCHI hails the budget as a catalyst for economic growth, strengthening the Mumbai Metropolitan Region’s position as a key economic hub.

Romesh Sobti sold a flat for Rs 41.32 Cr which he had bought in 2020 for Rs 38.15 Cr

Romesh Sobti a veteran banker, along with his wife had bought two…