Browsing Tag

Homebuyers

86 posts
MHADA

MHADA Waives Late Fee in Pune Lottery Case, Hands Over Flat

During MHADA’s 13th Lokshahi Din, a Pune lottery homebuyer got relief after facing delays in payment. MHADA waived a ₹75,000 late fee and ordered possession of the allotted flat to be handed over. A total of 15 citizen applications were heard in the session covering issues across Mumbai, Konkan, and Pune boards.
Bombay High Court slams Tata AIG for denying a home loan insurance claim after a borrower’s sudden death. Justice Sandeep V. Marne upholds Ombudsman’s order, ensuring widow gets ₹27 lakh relief.

HC Slams Insurer for Denying Dead Man’s Home Loan Cover

In a landmark ruling, the Bombay High Court has ordered Tata AIG to pay ₹27 lakh to a widow whose husband died of a sudden cardiac arrest. The case exposed how banks act as insurance agents and how insurers try to deny loan-linked claims. Justice Sandeep V. Marne’s verdict protects homebuyers from losing both loved ones and their homes.
In a pioneering ruling, MahaREAT directs developers to repay a buyer's 2009 cash booking of ₹7.5 lakh as part of ₹15 lakh relief with interest, upholding an unregistered deal and piercing partnership defenses.

Delay Excused: Developer’s Appeal Against MahaRERA to Proceed

In a significant ruling for homebuyers, the Maharashtra Real Estate Appellate Tribunal (MahaREAT) has allowed a developer’s delayed appeal to proceed. The developer, Runwal Developers Pvt. Ltd., successfully argued that a long delay in challenging a MahaRERA order was due to their “bonafide” pursuit of a review application. While the court recognized the delay , it concluded there was no negligence or intentional prolonging of the matter. The appeal was allowed on the condition that the developer pays a cost of ₹10,000 to the homebuyers.
The GST Council’s landmark reform slashes tax rates on cement and key construction materials from September 22, 2025. Homebuyers stand to gain as lower input costs reduce project expenses by 3–5%, boosting affordability in the mid-income and budget housing segments. Experts including Anuj Puri (ANAROCK) and the Cement Manufacturers’ Association hail the move as transformative, with potential to revive demand and accelerate project launches ahead of the festive season.

GST on Homes: Affordable at 1%, Luxury at 5%, Ready Flats Exempt

Affordable homes attract just 1% GST, under-construction projects 5%, while ready-to-move-in flats are exempt. With cement GST cut to 18%, construction costs may ease, but buyer benefits depend on developers.
MahaRERA has cleared more than 5,000 homebuyer complaints in just 10 months, a move that brings long-awaited relief to families struggling with delayed homes and broken promises. With faster hearings and tighter checks on new projects, the regulator is aiming to protect buyers and prevent future disputes.

Delayed Homes, Missing Promises: MahaRERA Clears Over 5,000 Complaints in 10 Months

MahaRERA has cleared more than 5,000 homebuyer complaints in just 10 months, a move that brings long-awaited relief to families struggling with delayed homes and broken promises. With faster hearings and tighter checks on new projects, the regulator is aiming to protect buyers and prevent future disputes.