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	<title>Neptune developers Archives - Square Feat India</title>
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	<title>Neptune developers Archives - Square Feat India</title>
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		<title>Mumbai Developers Face 3 Months Imprisonment in Landmark RERA Case</title>
		<link>https://squarefeatindia.com/mumbai-developers-face-3-months-imprisonment-in-landmark-rera-case/</link>
		
		<dc:creator><![CDATA[SquareFeatIndia]]></dc:creator>
		<pubDate>Tue, 07 Jan 2025 13:27:42 +0000</pubDate>
				<category><![CDATA[Realty]]></category>
		<category><![CDATA[Compliance]]></category>
		<category><![CDATA[developer imprisonment]]></category>
		<category><![CDATA[homebuyer rights]]></category>
		<category><![CDATA[Homebuyers]]></category>
		<category><![CDATA[landmark case]]></category>
		<category><![CDATA[legal action]]></category>
		<category><![CDATA[Maharashtra real estate]]></category>
		<category><![CDATA[Mumbai]]></category>
		<category><![CDATA[Neptune developers]]></category>
		<category><![CDATA[property disputes]]></category>
		<category><![CDATA[property law]]></category>
		<category><![CDATA[Real Estate]]></category>
		<category><![CDATA[real estate tribunal]]></category>
		<category><![CDATA[RERA]]></category>
		<guid isPermaLink="false">https://squarefeatindia.com/?p=8458</guid>

					<description><![CDATA[<p>The Maharashtra Real Estate Appellate Tribunal has ordered the arrest and three-month imprisonment of Neptune Developers' judgment debtors for failing to comply with attachment warrants and notices under RERA provisions. This landmark ruling highlights stricter enforcement to protect homebuyers and ensure developer accountability.</p>
<p>The post <a href="https://squarefeatindia.com/mumbai-developers-face-3-months-imprisonment-in-landmark-rera-case/">Mumbai Developers Face 3 Months Imprisonment in Landmark RERA Case</a> appeared first on <a href="https://squarefeatindia.com">Square Feat India</a>.</p>
]]></description>
										<content:encoded><![CDATA[
<p>In a significant development, the Maharashtra Real Estate Appellate Tribunal (MREAT) has directed the arrest and imprisonment of Neptune Ventures & Developers Pvt. Ltd.’s for three months in a case filed by Atul Prabhu. This marks the first time developers have been ordered to serve time under RERA provisions.</p>



<p>The tribunal, presided over by Shri Shriram R. Jagtap (Judicial) and Shri S.M. Deshpande (Administrative), issued the directive after repeated non-compliance with previous orders to attach movable and immovable properties belonging to the developers. The case was heard via video conferencing on January 2, 2025.</p>



<p>Key highlights of the order include:</p>



<ol class="wp-block-list">
<li><strong>Delay in Property Attachment:</strong><br>Despite a fresh attachment warrant issued on September 27, 2024, the Collector of Mumbai Suburban failed to submit a compliance report. The tribunal has now instructed the Registry to issue another attachment warrant and seek an explanation from the Collector.</li>



<li><strong>Failure to Serve Notices:</strong><br>Notices issued under Section 64 of the RERA Act, 2016, have reportedly not been served to the developers, prompting the tribunal to demand updates on their status.</li>



<li><strong>Imprisonment Directive:</strong><br>The tribunal asked the Registry to request the City Civil Court, Mumbai, to execute the arrest and imprison the judgment debtors who in this case are the developers for three months.</li>
</ol>



<p>This landmark ruling aims to enforce accountability and ensure justice for homebuyers who have been waiting for resolution. The tribunal has scheduled the next hearing for February 20, 2025.</p>



<p>The decision highlights the increasing stringency of RERA enforcement to safeguard homebuyers’ interests and bring erring developers to justice.</p>



<p>Also Read: <a href="https://squarefeatindia.com/tag/maharera-appellate-tribunal/">MahaRERA Appellate Tribunal</a></p>
<p>The post <a href="https://squarefeatindia.com/mumbai-developers-face-3-months-imprisonment-in-landmark-rera-case/">Mumbai Developers Face 3 Months Imprisonment in Landmark RERA Case</a> appeared first on <a href="https://squarefeatindia.com">Square Feat India</a>.</p>
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		<item>
		<title>In Ramrajya Builder &#038; Homebuyer Reach Settlement</title>
		<link>https://squarefeatindia.com/in-ramrajya-builder-homebuyer-reach-settlement/</link>
					<comments>https://squarefeatindia.com/in-ramrajya-builder-homebuyer-reach-settlement/#respond</comments>
		
		<dc:creator><![CDATA[SquareFeatIndia]]></dc:creator>
		<pubDate>Thu, 29 Oct 2020 19:56:00 +0000</pubDate>
				<category><![CDATA[Realty]]></category>
		<category><![CDATA[Ambivali]]></category>
		<category><![CDATA[Kalyan]]></category>
		<category><![CDATA[MahaRERA]]></category>
		<category><![CDATA[MahaRERA Full Form]]></category>
		<category><![CDATA[Neptune builders]]></category>
		<category><![CDATA[Neptune developers]]></category>
		<category><![CDATA[Ram]]></category>
		<category><![CDATA[Ramrajya]]></category>
		<category><![CDATA[Real Estate]]></category>
		<guid isPermaLink="false">http://squarefeatindia.com/?p=2284</guid>

					<description><![CDATA[<p>In a real estate project, named Ramrajya, the homebuyer and the builder&#8230;</p>
<p>The post <a href="https://squarefeatindia.com/in-ramrajya-builder-homebuyer-reach-settlement/">In Ramrajya Builder &#038; Homebuyer Reach Settlement</a> appeared first on <a href="https://squarefeatindia.com">Square Feat India</a>.</p>
]]></description>
										<content:encoded><![CDATA[
<p>In a real estate project, named Ramrajya, the homebuyer and the builder reached settlement thus ending a refund issue.</p>



<p>By Varun Singh</p>



<p>Ramrajya is said to be a system where no one is wronged and justice is done to all. </p>



<h2 class="wp-block-heading">Recently MahaRERA heard a case of a project named Ramrajya Neptune Udaan D, located at Amivali near Kalyan.</h2>



<p>Homebuyer Ashish Kasbekar approached <a href="https://maharerait.mahaonline.gov.in">MahaRERA</a> against Neptune Developers Ltd. </p>



<p>The homebuyer was seeking directions from MahaRERA that the builder refund him the money that he had paid him. </p>



<p>Kasbekar had booked a flat in the project Ramrajya Neptune Udaan D. He even was seeking compensation along with interest for the amount he had paid to the developer.</p>



<p><br>During the hearing both the parties appeared and made their submissions. </p>



<p>In the hearing, the builder’s representative showed willingness to refund the entire amount to the complainant. </p>



<p>The builders representative informed that they will refund Rs 81,442 before October 30, 2020. </p>



<p>During the course of hearing, the homebuyer accepted the statement made by the developer before MahaRERA through affidavit.</p>



<p>Dr Vijay Satbir Sing, Member I, MahaRERA noted in his order, “In view of the aforesaid settlement arrived at between both the parties, the MahaRERA feels that nothing survives in this complaint.”</p>



<blockquote class="wp-block-quote is-layout-flow wp-block-quote-is-layout-flow"><p>“The liberty is granted to the complainant to approach MahaRERA is case of any default on the the part of respondent (builder).”</p><cite>Dr Vijay Satbir Sing, Member I, MahaRERA</cite></blockquote>



<p>After which the complaint pertaining to the project Ramrajya was disposed off. </p>



<p>Also Read: <a href="https://squarefeatindia.com/corona-forces-mhada-winners-to-return-shops/">Corona Forces MHADA Winners To Return Shops</a></p>
<p>The post <a href="https://squarefeatindia.com/in-ramrajya-builder-homebuyer-reach-settlement/">In Ramrajya Builder &#038; Homebuyer Reach Settlement</a> appeared first on <a href="https://squarefeatindia.com">Square Feat India</a>.</p>
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