Browsing Tag

MahaRERA

388 posts
MahaRERA ruled a buyer who accepted fitout possession 49 days late — with no OC — forfeited 35 months of delay interest. A devastating precedent.

“You Stayed in It — So Stop Complaining”: How MahaRERA Let a Builder Off the Hook After 35 Months of Illegal Delay

MahaRERA ruled a buyer who accepted fitout possession 49 days late — with no OC — forfeited 35 months of delay interest. A devastating precedent.
In a major win for homebuyers, the Maharashtra Real Estate Appellate Tribunal has directed CCI Projects to pay delay interest at SBI MCLR + 2% to two allottees in the Rivali Park Winter Green project, setting aside the MahaRERA order that had rejected their compensation claim. The Tribunal ruled that unilateral extensions of possession dates by the promoter are invalid and that buyers do not waive their rights by continuing payments.

MahaRERA Order Overturned: Homebuyers Win Delay Interest from CCI Projects in Rivali Park’s Winter Green Project

In a major win for homebuyers, the Maharashtra Real Estate Appellate Tribunal has directed CCI Projects to pay delay interest at SBI MCLR + 2% to two allottees in the Rivali Park Winter Green project, setting aside the MahaRERA order that had rejected their compensation claim. The Tribunal ruled that unilateral extensions of possession dates by the promoter are invalid and that buyers do not waive their rights by continuing payments.
In a landmark ruling, the Maharashtra Real Estate Appellate Tribunal has directed Omkar Realtors to refund ₹7.69 crore plus interest from 2016 to a family for a flat in the stalled Omkar 1973 project, overturning MahaRERA’s order that denied interest and allowed a 2% deduction.

Omkar 1973: Builder Delayed Possession, MahaRERA Denied Interest & Cut 2%; Tribunal Grants Full Refund + Interest

In a landmark ruling, the Maharashtra Real Estate Appellate Tribunal has directed Omkar Realtors to refund ₹7.69 crore plus interest from 2016 to a family for a flat in the stalled Omkar 1973 project, overturning MahaRERA’s order that denied interest and allowed a 2% deduction.
MahaRERA Order

MahaRERA Rejects Joint Complaints by Homebuyers Seeking Individual Reliefs

MahaRERA has partly allowed a complaint by 11 flat buyers in the Gaurav Samruddhi project but rejected most individual reliefs, citing the procedural bar on joint complaints for personal grievances and directing buyers to file separate complaints or approach through their registered society for collective issues. The Authority ordered the developer to obtain the Occupation Certificate within 30 days.
MahaRERA

MahaRERA Orders Kolte-Patil Developers to Pay Interest for Delayed Possession in Vile Parle Redevelopment Project

MahaRERA has partly allowed a complaint by Manohar Shetty and Lalita M. Shetty against Kolte-Patil Developers, ordering payment of interest at SBI’s highest MCLR + 2% for the delay in handing over possession of a flat in the Jai Vijay redevelopment project from October 2019 to March 2020. The ruling underscores that contractual possession dates bind promoters despite project extensions or external delays.