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	<title>earnest money Archives - Square Feat India</title>
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	<title>earnest money Archives - Square Feat India</title>
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		<title>Deadline Extended for Online Applications for MHADA Konkan BoardLottery Until January 6, 2025</title>
		<link>https://squarefeatindia.com/deadline-extended-for-online-applications-for-mhada-konkan-boardlottery-until-january-6-2025/</link>
		
		<dc:creator><![CDATA[SquareFeatIndia]]></dc:creator>
		<pubDate>Wed, 25 Dec 2024 08:02:00 +0000</pubDate>
				<category><![CDATA[Realty]]></category>
		<category><![CDATA[earnest money]]></category>
		<category><![CDATA[Housing Lottery]]></category>
		<category><![CDATA[Housing Scheme]]></category>
		<category><![CDATA[Konkan Division]]></category>
		<category><![CDATA[Konkan Flats]]></category>
		<category><![CDATA[lottery results]]></category>
		<category><![CDATA[Maharashtra housing]]></category>
		<category><![CDATA[MHADA]]></category>
		<category><![CDATA[MHADA application]]></category>
		<category><![CDATA[online lottery]]></category>
		<category><![CDATA[Raigad]]></category>
		<category><![CDATA[Residential Flats]]></category>
		<category><![CDATA[Roha]]></category>
		<category><![CDATA[Sindhudurg]]></category>
		<guid isPermaLink="false">https://squarefeatindia.com/?p=8386</guid>

					<description><![CDATA[<p>The Maharashtra Housing and Area Development Authority (MHADA) has extended the deadline for online applications for its Konkan Division lottery to January 6, 2025. The lottery offers over 2,200 residential units across multiple schemes, with the computerized draw scheduled for January 31, 2025.</p>
<p>The post <a href="https://squarefeatindia.com/deadline-extended-for-online-applications-for-mhada-konkan-boardlottery-until-january-6-2025/">Deadline Extended for Online Applications for MHADA Konkan BoardLottery Until January 6, 2025</a> appeared first on <a href="https://squarefeatindia.com">Square Feat India</a>.</p>
]]></description>
										<content:encoded><![CDATA[
<p>The Maharashtra Housing and Area Development Authority (MHADA) has extended the deadline for submitting online applications for the lottery of 2,264 residential units under the Konkan Housing and Area Development Board. Applicants can now submit their applications until 11:59 PM on January 6, 2025. This announcement was made by Revati Gaikar, the Chief Officer of the Konkan Division of MHADA.</p>



<p>The application process for the Konkan Board lottery began on October 11, 2024. Applicants can participate in the lottery by submitting their forms before the extended deadline of January 6, 2025, at 11:59 PM. After this time, the link for participation will be deactivated. Applicants will be able to make an online payment for the earnest money until 11:59 PM on January 7, 2025. They can also pay the earnest amount through RTGS/NEFT at the bank during office hours on January 7, 2025.</p>



<p>The provisional list of eligible applicants will be published on MHADA&#8217;s official website (<a href="https://housing.mhada.gov.in/">https://housing.mhada.gov.in</a>) on January 20, 2025, at 6:00 PM. Applicants can raise objections and claims regarding the list until 5:00 PM on January 22, 2025. The final list of applicants eligible for the lottery will be made available on the MHADA website on January 24, 2025, at 6:00 PM.</p>



<p>The computerized lottery for eligible applicants will be conducted on January 31, 2025, at 10:00 AM. The results will be sent to the applicants immediately via SMS, email, and the MHADA app.</p>



<p>The lottery includes 594 flats under the 20% Inclusive Housing Scheme, 825 flats under the 15% Integrated Housing Scheme, 728 scattered flats under the Konkan Board’s Housing Scheme, and 117 plots for sale in Roha-Raigad and Oras-Sindhudurg areas.</p>



<p>Also Read: <a href="https://squarefeatindia.com/mhada-lottery-of-5990-flats/">MHADA Lottery of 5990 flats</a></p>
<p>The post <a href="https://squarefeatindia.com/deadline-extended-for-online-applications-for-mhada-konkan-boardlottery-until-january-6-2025/">Deadline Extended for Online Applications for MHADA Konkan BoardLottery Until January 6, 2025</a> appeared first on <a href="https://squarefeatindia.com">Square Feat India</a>.</p>
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			</item>
		<item>
		<title>No provision in RERA to forfeit earnest money</title>
		<link>https://squarefeatindia.com/no-provision-in-rera-to-forfeit-earnest-money/</link>
					<comments>https://squarefeatindia.com/no-provision-in-rera-to-forfeit-earnest-money/#respond</comments>
		
		<dc:creator><![CDATA[SquareFeatIndia]]></dc:creator>
		<pubDate>Mon, 13 Jul 2020 00:06:00 +0000</pubDate>
				<category><![CDATA[Realty]]></category>
		<category><![CDATA[Builder]]></category>
		<category><![CDATA[earnest money]]></category>
		<category><![CDATA[MahaRERA]]></category>
		<category><![CDATA[provision]]></category>
		<category><![CDATA[Real Estate]]></category>
		<category><![CDATA[refund]]></category>
		<category><![CDATA[RERA]]></category>
		<guid isPermaLink="false">http://squarefeatindia.com/?p=1763</guid>

					<description><![CDATA[<p>There exists no provision in RERA and its rules to forfeit earnest&#8230;</p>
<p>The post <a href="https://squarefeatindia.com/no-provision-in-rera-to-forfeit-earnest-money/">No provision in RERA to forfeit earnest money</a> appeared first on <a href="https://squarefeatindia.com">Square Feat India</a>.</p>
]]></description>
										<content:encoded><![CDATA[
<p>There exists no provision in RERA and its rules to forfeit earnest money paid by a home buyer. MahaRERA held this in a recent order it passed on July 6, 2020. </p>



<p>By Varun Singh</p>



<p>It is clear that there exists no provisions in RERA and its rules to forfeit earnest money paid by a home buyer. </p>



<p>MahaRERA in a recent <a href="https://maharerait.mahaonline.gov.in/SearchList/SearchJudgements">order </a>has held that there exists no provision in RERA to forfeit the earnest money. It asked the builder to refund the entire amount paid by the home buyer. </p>



<p>Home buyers Sumit Mukherjee and Ashutosh Mukherjee complained against developer Rajsanket Realty Limited to MahaRERA.</p>



<p>The buyers had booked flat in the Malad project of the builder on July 1, 2016. The flats were booked for a consideration of 2.23 crore. </p>



<p>At the time of the booking they paid a token amount of Rs 20 lakh to the developers. However, within 40 days of the booking they cancelled it. </p>



<p>Since then, they made several representations to the builder for refund which were allegedly neglected. </p>



<p>Because of which, they had register a complaint against the developer under provisions of RERA. </p>



<p>The developer informed MahaRERA that it was willing to refund the amount and had replied the legal notice sent by the home buyers. </p>



<p>The order states that, in an oral submission the developer even stated, that the money would be refunded once he gets new buyers for the flats. </p>



<p>Dr Vijay Satbir Singh, MahaRERA Member-1, who was hearing the case held, that although the developer agreed to refund the amount, he didn&#8217;t take any action to comply the same for more than two years. </p>



<p>Singh also held that, there was sufficient time for the developer to sell the flat to a new buyer and refund the amount. </p>



<p>&#8220;Moreover, there is no provision RERA and rules there under to forfeit the earnest money,&#8221; read the order. </p>



<p>MahaRERA then directed the builder to refund the full amount paid by the home buyers without any interest.</p>



<p>The builder is allowed to claim the benefits of moratorium period allowed by MahaRERA. </p>



<p>Also Read: <a href="https://squarefeatindia.com/in-absence-of-agreement-builder-to-refund-booking-amount/">In absence of agreement, during cancellation, builder to refund booking amount</a></p>
<p>The post <a href="https://squarefeatindia.com/no-provision-in-rera-to-forfeit-earnest-money/">No provision in RERA to forfeit earnest money</a> appeared first on <a href="https://squarefeatindia.com">Square Feat India</a>.</p>
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