Browsing Tag

MREAT

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The Rais booked a flat in 2013, paid ₹79 lakh, and were promised possession by December 2017. What followed was a developer collapse, a project takeover, a majority consent exercise they never agreed to — and a regulator that told them to cooperate. The tribunal disagreed.

MahaRERA Told Homebuyers to Cooperate. Tribunal Tells Builder to Pay Up

The Rais booked a flat in 2013, paid ₹79 lakh, and were promised possession by December 2017. What followed was a developer collapse, a project takeover, a majority consent exercise they never agreed to — and a regulator that told them to cooperate. The tribunal disagreed.
In a major relief for homebuyers, MREAT has held that allottees can challenge only the unfavourable portions of a RERA order while simultaneously initiating recovery proceedings against the promoter. The Tribunal rejected the builder’s stay plea and imposed costs.

Homebuyers Can Challenge Only Unfavourable RERA Parts & Recover Simultaneously

In a major relief for homebuyers, MREAT has held that allottees can challenge only the unfavourable portions of a RERA order while simultaneously initiating recovery proceedings against the promoter. The Tribunal rejected the builder’s stay plea and imposed costs.
Maharashtra simplifies 37A approvals, speeding up redevelopment and property deals on leasehold land, offering relief to homebuyers.

Builder Fails in Redevelopment, Homebuyers Lose Flats — and Society Walks Free, Says Tribunal

Eight Mumbai families paid crores for flats in a redevelopment gone wrong. The builder failed, the society moved on — and the Tribunal said the society owes them nothing.
MahaRERA holds excess amount paid over agreement consideration not refundable under Section 18. Buyer gets only ₹25.60 lakh plus interest.

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.
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.

MahaRERA Appellate Tribunal Allows CCI Projects’ Delayed Appeal, Says Time Spent in Review Process Must Be Excluded

The MahaRERA Appellate Tribunal has condoned the delay by CCI Projects in appealing against an order awarding interest to homebuyers, holding that time spent on review and writ proceedings cannot be counted toward limitation.