Browsing Tag
agreement for sale
13 posts
Builder Pockets 90% of Your Money,Then Cancels Your Flat — Tribunal Says: Not on Our Watch
A Mira Road builder collected over ₹28 lakh from a homebuyer across four years, never once executed an Agreement for Sale, then cancelled his flat for “non-payment.” The Maharashtra Real Estate Appellate Tribunal wasn’t buying it — and delivered one of the most comprehensive homebuyer-friendly rulings in recent memory.
Booked a Flat but Didn’t Sign Agreement? MahaRERA Says Builder Can’t Keep Your Money
MahaRERA has ruled that builders cannot forfeit the entire booking amount if a homebuyer cancels before signing an agreement for sale. Allowing only a 2% deduction, the Authority reinforced consumer protection principles under RERA.