Browsing Tag

Delayed possession

44 posts
A Mumbai housewife received a shocking ₹55 lakh tax demand on a flat she never paid for. Her only fault? Her name was on the agreement. What happened next will relieve many Indian families...

Builder Hands Flat To Third Party, While Homebuyer Was Busy Fighting MahaRERA Case

While a homebuyer battled in MahaRERA for his flat, the builder handed it over to someone else. The Authority has now ordered possession with OC and heavy interest from 2018.
“Getting approvals, sanctions, environmental clearance, etc., is the builder’s responsibility. Buyers cannot be made to suffer for these delays,” ruled MahaRERA while directing full refund with interest to homebuyers in the Vardhaman Park project.

Builder vs 40 Homebuyers: Mumbai Tribunal Delivers Epic Smackdown to Promoter in 40-vs-1 RERA War!

In a stunning 40-vs-1 rout, the Maharashtra Real Estate Appellate Tribunal has dismissed every appeal filed by CCI Projects against 40 homebuyers, ordering the promoter to pay delayed possession interest plus costs in the Wintergreen project at Rivali Park, Borivali.
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.
Court reiterates Section 79A redevelopment guidelines are directory, not mandatory, while upholding society redevelopment.

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.