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Newtech Promoters judgment

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In a major relief to homebuyers, the Maharashtra Real Estate Appellate Tribunal has directed Parorch Developers to refund over ₹2.25 crore with interest, holding that an allotment letter is a valid enforceable contract under RERA even in the absence of a registered Agreement for Sale. The Tribunal overturned MahaRERA’s dismissal order in the Trinity Towers, Powai case.

Homebuyers Win ₹2.25 Crore Refund Case in MahaRERA Tribunal After Losing at Authority Level | Allotment Letter Held as Valid Contract

In a major relief to homebuyers, the Maharashtra Real Estate Appellate Tribunal has directed Parorch Developers to refund over ₹2.25 crore with interest, holding that an allotment letter is a valid enforceable contract under RERA even in the absence of a registered Agreement for Sale. The Tribunal overturned MahaRERA’s dismissal order in the Trinity Towers, Powai case.
In a ruling that clarifies the scope of RERA protections, MahaRERA has held that an initial investment later converted into a registered flat purchase creates a valid allottee-promoter relationship, entitling the complainant to withdraw from a delayed project and claim full refund with interest, irrespective of COVID-related extensions.

Investor Turned Flat Purchase Qualifies as ‘Allottee’ – Builder Ordered to Refund ₹20 Lakh + Interest

In a ruling that clarifies the scope of RERA protections, MahaRERA has held that an initial investment later converted into a registered flat purchase creates a valid allottee-promoter relationship, entitling the complainant to withdraw from a delayed project and claim full refund with interest, irrespective of COVID-related extensions.
The Haryana Real Estate Appellate Tribunal has ruled that decisions under RERA cannot be taken by one member alone. The landmark ruling strengthens due process for real estate regulators nationwide.

Policy or Regulatory Decisions Under RERA Must Be Taken by the Authority as a Whole, Not by One Member Sitting Alone

The Haryana Real Estate Appellate Tribunal has ruled that decisions under RERA cannot be taken by one member alone. The landmark ruling strengthens due process for real estate regulators nationwide.