Browsing Tag

agreement for sale

12 posts
MahaRERA orders new developer to hand over flat and pay interest despite claiming it never received payment, holding both builders jointly liable in Mumbai Evergreen Woods case.

MahaRERA Orders Partial Refund in Godrej City Panvel Case, Rejects Clause Challenge

“MahaRERA has allowed partial refund of booking amount in one case while rejecting demands to amend standard clauses in the Agreement for Sale, citing its own previous orders on non-negotiable terms.”
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.

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.
MahaRERA orders new developer to hand over flat and pay interest despite claiming it never received payment, holding both builders jointly liable in Mumbai Evergreen Woods case.

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.
India’s housing market is shifting toward bigger homes, with average apartment sizes rising 17% in two years as luxury demand surges and buyers prioritize space, lifestyle, and premium living.

Even Without Agreement for Sale, MahaRERA Can Order Refund to Prevent Injustice

MahaRERA held that even without an Agreement for Sale, it can order refund with interest, as seen in the Ajmeri Heights Andheri case involving Ajmeri Realty.
In a key ruling, MahaRERA held that even when an Agreement for Sale is silent on the possession date, the builder must hand over the flat within a reasonable period of three years from the agreement date — failing which, interest is payable for the delay period. The order in the Mauli Omkar project case awarded interest from March 2019 to April 2023 to complainant Sabirali Tufhel Shaikh.

No Possession Date in Agreement? MahaRERA Rules: Builder Must Deliver in 3 Years

In a key ruling, MahaRERA held that even when an Agreement for Sale is silent on the possession date, the builder must hand over the flat within a reasonable period of three years from the agreement date — failing which, interest is payable for the delay period. The order in the Mauli Omkar project case awarded interest from March 2019 to April 2023 to complainant Sabirali Tufhel Shaikh.