Browsing Tag

Mumbai housing society

2 posts
Bombay High Court allows IL&FS Financial Services to proceed with ₹203.66 crore summary suit against principal borrower Serveall Constructions despite IBC moratoriums

HDIL Sold Non-Existent Flats, Society Denies Membership, Court Says Society Is Right

In a major victory for housing societies, the Bombay High Court has upheld the decision of Dheeraj Dreams CHS Ltd. to deny membership to buyers who purchased “flats” that never existed. HDIL had sold mandatory refuge areas as residential flats years after the developer lost rights over the property. The Court ruled that societies cannot be forced to admit members for non-existent flats as it would violate the law.
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.

Mumbai Builder Ordered to Fix Rs. 70 Lakh Structural Defects in Andheri Project

In a strong move to protect homebuyers, MahaRERA has ordered Cosmos Homes India Pvt. Ltd. to carry out urgent repairs worth over Rs. 70 lakh in its Cosmopolis Phase 1 project in Andheri. The order comes after repeated complaints from residents about persistent leakages, lift failures, and unsafe living conditions.