Browsing Tag

homebuyer refund

10 posts
In a sharp rebuke to one-sided builder clauses, the Appellate Tribunal has ordered Omkar group to refund nearly ₹1.15 crore with interest to an NRI allottee in the Omkar Meridia project, holding that making refund conditional on selling the flat to a new buyer is unconscionable and against RERA.

MahaRERA Allowed Builder’s “Sell First, Refund Later” Condition; Appellate Tribunal Overrules

In a sharp rebuke to one-sided builder clauses, the Appellate Tribunal has ordered Omkar group to refund nearly ₹1.15 crore with interest to an NRI allottee in the Omkar Meridia project, holding that making refund conditional on selling the flat to a new buyer is unconscionable and against RERA.
In a setback for homebuyers in redevelopment projects, MahaRERA has dismissed a complaint by a buyer who paid ₹1.5 crore to the original developer. The Authority ruled that the new developer cannot be held liable after the society lawfully terminated the old agreement, leaving the buyer to pursue remedies only against Zaveri Constructions.

21-Year Wait: MahaRERA Orders Refund + Interest from 2009 for 2005 Andheri Booking

MahaRERA has directed refund of ₹21,84,318 with interest from 5 June 2009 in Complaint No. CC006000000302896 after finding 21-year delay in handing over possession of Flat 901 in Sun Beam, Andheri West.
In a major relief to homebuyers, the Maharashtra Real Estate Appellate Tribunal has directed Parorch Developers to refund over ₹2.25 crore with interest, holding that an allotment letter is a valid enforceable contract under RERA even in the absence of a registered Agreement for Sale. The Tribunal overturned MahaRERA’s dismissal order in the Trinity Towers, Powai case.

Homebuyers Win ₹2.25 Crore Refund Case in MahaRERA Tribunal After Losing at Authority Level | Allotment Letter Held as Valid Contract

In a major relief to homebuyers, the Maharashtra Real Estate Appellate Tribunal has directed Parorch Developers to refund over ₹2.25 crore with interest, holding that an allotment letter is a valid enforceable contract under RERA even in the absence of a registered Agreement for Sale. The Tribunal overturned MahaRERA’s dismissal order in the Trinity Towers, Powai case.
In a major victory for homebuyers, MahaREAT has overturned MahaRERA's order in the Cavansite project case, ruling that the possession date in a registered agreement is sacrosanct and cannot be changed by any authority without mutual consent.

Builder Skips RERA Hearings, Homebuyers Win Ex-Parte Refund Order

Despite repeated notices and opportunities, the promoter neither appeared nor filed any reply, forcing MahaRERA to pass an ex-parte order granting relief to the homebuyers.
MahaRERA has deregistered the Marvel Castella project in Pune after the promoters fully refunded all 22 homebuyers and cancelled their agreements citing financial difficulties. The Authority approved the request as no allottee raised any objection.

MahaRERA Deregisters Marvel Castella Project in Pune After Full Refund to All Buyers

MahaRERA has deregistered the Marvel Castella project in Pune after the promoters fully refunded all 22 homebuyers and cancelled their agreements citing financial difficulties. The Authority approved the request as no allottee raised any objection.