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Homebuyers

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Based on the provided news article, here is an excerpt that captures the essence of the ruling: "In a significant legal victory for homebuyers, the Maharashtra Real Estate Appellate Tribunal (MahaRERA Tribunal) has delivered a detailed order affirming the retroactive power of the Real Estate (Regulation and Development) Act, 2016 (RERA Act). The ruling came in the appeals of two allottees from an incomplete project in Malad, solidifying the protection RERA offers to consumers even for agreements made before the law was enacted.

In a landmark decision: MahaRERA Tribunal Upholds RERA Act’s Retroactive Power

Based on the provided news article, here is an excerpt that captures the essence of the ruling: “In a significant legal victory for homebuyers, the Maharashtra Real Estate Appellate Tribunal (MahaRERA Tribunal) has delivered a detailed order affirming the retroactive power of the Real Estate (Regulation and Development) Act, 2016 (RERA Act). The ruling came in the appeals of two allottees from an incomplete project in Malad, solidifying the protection RERA offers to consumers even for agreements made before the law was enacted.
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.

MahaRERA Tribunal Slams Developer: No Proof of Homebuyer Consent for Porject Delays

In a significant win for homebuyers, the Maharashtra Real Estate Appellate Tribunal on July 9, 2025, rejected developer Joy Homecreation Limited’s claim that allottees consented to project delays for “Joys Adinath Tower-II.” The Tribunal found no documentary proof of such consent and ordered the promoter to pay interest immediately for delayed possession, overriding a previous MahaRERA order.
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.

Homebuyers Win Big: Tribunal Nixes Builder Moratorium, Orders Compensation for Delays

In a landmark decision, the Maharashtra Real Estate Appellate Tribunal has ordered developer Sheth Infraworld to compensate homebuyers for significant project delays, specifically disallowing the use of the pandemic-related moratorium as an excuse. This ruling marks a crucial victory for allottees seeking timely possession and fair compensation.
MahaRERA has redesigned its registration certificate to include detailed housing project information such as built-up area, number of units, floors, and parking.

Homebuyers Alert: MahaRERA Certificate Now Comes with Full Project Details

In a major move to protect homebuyers, MahaRERA has upgraded its registration certificates to include all crucial project details in bullet points, such as total built-up area, unit count, approved floors, and parking availability. This pro-consumer step ensures easier access to accurate project information at a glance.
RBI

RBI Rate Cut Brings Good News for Homebuyers: Lower EMIs

In a major relief for homebuyers, the RBI has reduced the repo rate by 25 basis points to 6%, marking its second consecutive cut. Industry leaders say this move will improve housing affordability, boost buyer sentiment, and encourage new project launches—especially in affordable and mid-income segments.