Browsing Tag
homebuyer refund
14 posts
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.
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.