Browsing Tag

MahaREAT

18 posts
In a landmark decision, the Maharashtra Real Estate Appellate Tribunal ruled that developers cannot cancel registered sale agreements merely because of delayed payments — a major win for Indian homebuyers and a strong reinforcement of legal protections under RERA and property law.

Indiabulls Sky Forest Case: Landmark RERA Ruling Orders Developer to Issue Full Refunds with Interest

The Maharashtra Real Estate Appellate Tribunal has issued a pivotal ruling in the Indiabulls Sky Forest case, directing the developer to provide homebuyers full refunds with interest, notably calculating interest on a significant portion from the original payment dates. This decision underscores RERA’s strength in safeguarding consumers against project delays.
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.
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.

Neelkanth Infracon Directed to Compensate Homebuyers for Delay

The Maharashtra Real Estate Appellate Tribunal has dismissed Neelkanth Infracon LLP’s appeal and upheld MahaRERA’s order mandating interest payments to homebuyers for delayed possession of flats in the “Neelkanth Kingdom” project.