Browsing Tag

homebuyer rights

86 posts
In a blow to real estate borrowers, the Bombay High Court has ruled that a single mortgage securing multiple loans counts as separate transactions, forcing Mumbai developer Neepa Real Estates to pay an extra ₹72 lakh in stamp duty and penalties on ₹625 crore worth of loans.

Homebuyers Come Before Banks: MahaRERA Pulls Bank For Ignoring Homebuyers While Lending Money to Builder

In a landmark ruling in the Ashish Sea View case, MahaRERA has declared that homebuyer rights take precedence over banks’ SARFAESI claims. The authority criticised lenders for failing to verify third-party rights and directed them to conduct thorough due diligence before granting project loans. The order significantly strengthens protections for Maharashtra homebuyers.
MahaRERA has clearly defined which types of parking developers can legally sell. Open parking is a common area and cannot be sold, while covered parking and garages are saleable. This guide explains what every homebuyer must know before buying a flat.

Can Developers Sell Parking to Homebuyers?

MahaRERA has clearly defined which types of parking developers can legally sell. Open parking is a common area and cannot be sold, while covered parking and garages are saleable. This guide explains what every homebuyer must know before buying a flat.
MahaRERA has ordered the promoter of the Godrej 24 project in Hinjawadi to permanently rectify seepage defects under Section 14(3) of RERA, reinforcing that builders remain responsible for structural defects even after possession and that temporary repairs do not fulfil statutory obligations.

Homeowners Alert! Builders Legally Bound to Fix Major Defects Within 5 Years – RERA Section 14(3) Explained

Under RERA Section 14(3), builders must repair major defects within five years of possession or compensate buyers. A landmark shift in homebuyer protection.
The Bihar RERA has fined a developer ₹1 lakh for displaying "Coming Soon" posters and online ads for an unregistered project, holding that even minimal promotions violate Section 3 of the RERA Act and defeat buyer protection goals.

MahaRERA Appellate Tribunal Allows CCI Projects’ Delayed Appeal, Says Time Spent in Review Process Must Be Excluded

The MahaRERA Appellate Tribunal has condoned the delay by CCI Projects in appealing against an order awarding interest to homebuyers, holding that time spent on review and writ proceedings cannot be counted toward limitation.
India’s housing market is shifting toward bigger homes, with average apartment sizes rising 17% in two years as luxury demand surges and buyers prioritize space, lifestyle, and premium living.

Even Unregistered Allotment Letters Before RERA Hold Value If Money Was Paid and Flats Promised

MahaRERA’s latest order states that even pre-RERA allotment letters are valid proof of flat booking if money was paid and possession was promised. AAP Realtors and Samta Builders have been ordered to refund or allot alternate flats in the Tirumala Habitats project, with a ₹1 lakh penalty for non-disclosure.