Browsing Tag

Delayed possession

32 posts
In a major win for homebuyers, the Maharashtra Real Estate Appellate Tribunal has directed CCI Projects to pay delay interest at SBI MCLR + 2% to two allottees in the Rivali Park Winter Green project, setting aside the MahaRERA order that had rejected their compensation claim. The Tribunal ruled that unilateral extensions of possession dates by the promoter are invalid and that buyers do not waive their rights by continuing payments.

MahaRERA Order Overturned: Homebuyers Win Delay Interest from CCI Projects in Rivali Park’s Winter Green Project

In a major win for homebuyers, the Maharashtra Real Estate Appellate Tribunal has directed CCI Projects to pay delay interest at SBI MCLR + 2% to two allottees in the Rivali Park Winter Green project, setting aside the MahaRERA order that had rejected their compensation claim. The Tribunal ruled that unilateral extensions of possession dates by the promoter are invalid and that buyers do not waive their rights by continuing payments.
In a landmark ruling, the Maharashtra Real Estate Appellate Tribunal has directed Omkar Realtors to refund ₹7.69 crore plus interest from 2016 to a family for a flat in the stalled Omkar 1973 project, overturning MahaRERA’s order that denied interest and allowed a 2% deduction.

Omkar 1973: Builder Delayed Possession, MahaRERA Denied Interest & Cut 2%; Tribunal Grants Full Refund + Interest

In a landmark ruling, the Maharashtra Real Estate Appellate Tribunal has directed Omkar Realtors to refund ₹7.69 crore plus interest from 2016 to a family for a flat in the stalled Omkar 1973 project, overturning MahaRERA’s order that denied interest and allowed a 2% deduction.
MahaRERA

MahaRERA Orders Kolte-Patil Developers to Pay Interest for Delayed Possession in Vile Parle Redevelopment Project

MahaRERA has partly allowed a complaint by Manohar Shetty and Lalita M. Shetty against Kolte-Patil Developers, ordering payment of interest at SBI’s highest MCLR + 2% for the delay in handing over possession of a flat in the Jai Vijay redevelopment project from October 2019 to March 2020. The ruling underscores that contractual possession dates bind promoters despite project extensions or external delays.
“Once you take possession, you can get interest for the delay — but not compensation for mental harassment or rent paid elsewhere. That’s the clear message from the Maharashtra Real Estate Appellate Tribunal in a landmark Thane homebuyer case.”

Homebuyers Lose Right to Compensation & Rent Refund Once They Accept Delayed Possession

“Once you take possession, you can get interest for the delay — but not compensation for mental harassment or rent paid elsewhere. That’s the clear message from the Maharashtra Real Estate Appellate Tribunal in a landmark Thane homebuyer case.”
In a powerful pro-homebuyer verdict, the Bombay High Court has held that allottees are “generally very vulnerable” and cannot be placed on equal footing with promoters, clearing the way for withdrawal of deposited refund amounts during developer appeals.

Homebuyers Are Vulnerable, Developers Not on Equal Footing: Bombay High Court

In a powerful pro-homebuyer verdict, the Bombay High Court has held that allottees are “generally very vulnerable” and cannot be placed on equal footing with promoters, clearing the way for withdrawal of deposited refund amounts during developer appeals.