MahaRERA Orders Refunds & Interest for Homebuyers, Possession with Delay Penalty in “Town Centre” Project

In a major order, MahaRERA has directed refunds with interest for some buyers and possession with delay penalty for another in the stalled “Town Centre” project by Fannan Builders. The ruling highlights how RERA empowers homebuyers while penalising defaulting builders.

MahaRERA Orders Refund, Possession in Lapsed Bhayandar Project; Promoter Absent from Proceedings

In a major ruling, MahaRERA has ordered refunds and possession for homebuyers in the lapsed V.M. Heights project in Bhayandar, citing serious non-compliance by the promoter who remained absent throughout the hearings. The Authority directed immediate refund with interest and execution of sale agreements, reinforcing its pro-buyer stance.

MahaRERA Orders Refund with Interest in Serenity Project Case, Dismisses Premature Complaints

In a crucial ruling, MahaRERA has directed JVPD Properties Private Limited to refund homebuyers of the delayed Serenity – BLDG 1 project with interest as per Maharashtra RERA Rules. While two complaints were upheld, four were dismissed as premature, including an attempt to hold Xander Finance Pvt. Ltd. responsible for project completion. MahaRERA has given the developer 60 days to comply with the refund order, reinforcing its stance on protecting homebuyers from undue delays.

MahaRERA gets ₹8.57 Cr from 11 Developers, will give it to homebuyers

MahaRERA had issued 20 warrants against 11 developers in Mumbai, Mumbai Suburban,…

MahaRERA to hear Real Estate Web Portals Matter afresh

MahaRERA has been directed by the MahRERA’s Appellate Tribunal to hear the…