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

BMC Issues Stop Work Notice for Environmental Violations at Andheri Construction Site

The Brihanmumbai Municipal Corporation (BMC) has ordered a halt to construction activities at a site near Infinity Mall, Andheri (West), citing multiple environmental violations. The developer, Veena Developers, has been directed to address air and noise pollution concerns by implementing measures such as wind-breaking barriers, tarpaulin covers, and the use of smog guns and water sprinklers. This move underscores BMC’s commitment to enforcing environmental compliance across Mumbai.

Prices of under-construction projects increase 30.6% YoY across top 13 cities

●           Demand share of 2BHK units increased from 32% (between October and December…

By 2047, Buying a Home in India Will Be Easier, Bigger, and Smarter – Here’s How!

India’s real estate is set for massive growth by 2047. Homes will be bigger, smarter, and more affordable, with better connectivity, lifestyle options, and sustainable features—making it a golden era for homebuyers.

MMR’s Vertical Boom – High-Rises Over 40 Floors to Increase 34% by 2030

Land-scarce MMR has few ways to go but up, and unsurprisingly has…