Browsing Tag

Occupancy certificate

20 posts
Tribunal rules interest runs till actual keys are handed over, not till OC. Builder also cannot charge maintenance for the period possession was withheld.

OC in 2020, Keys Only in 2023: Tribunal Forces Builder to Pay Interest Till Actual Possession

Tribunal rules interest runs till actual keys are handed over, not till OC. Builder also cannot charge maintenance for the period possession was withheld.
MahaRERA orders Shree Sanket Developers to execute conveyance deed forthwith and imposes ₹50,000 penalty for violating Sections 11 & 17.

MahaRERA Penalises Developers ₹50,000 for Failing to Execute Conveyance Deed

MahaRERA orders Shree Sanket Developers to execute conveyance deed forthwith and imposes ₹50,000 penalty for violating Sections 11 & 17.
BMC will table OC Amnesty Scheme draft in Standing Committee tomorrow

Exclusive: BMC OC Amnesty Scheme; Draft to be Presented in Standing Committee Tomorrow

BMC will table OC Amnesty Scheme draft in Standing Committee tomorrow
MahaRERA

Lease Deed, No Sale Agreement: MahaRERA Hears Case Anyway

In a significant ruling, MahaRERA heard a complaint based on a Lease Deed (not a sale agreement) despite the promoter’s jurisdiction challenge, but ultimately dismissed it citing a binding settlement of ₹6.25 lakhs executed in 2019. The order serves as a cautionary tale for homebuyers on the finality of settlements and the importance of documentation.
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.

MahaRERA Orders Interest for Delayed Possession in Kalyan’s Vrundavan Project

MahaRERA directs Shree Vasturachana Developers to pay interest for delayed possession in Vrundavan project, Kalyan, as physical handover without OC ruled invalid. Buyer wins compensation under Section 18.