Browsing Tag
real estate consumer rights
3 posts
Booking Form Alone Does Not Create Binding Sale Contract: MahaRERA Orders Refund to Homebuyer
MahaRERA has ruled that a booking application form does not by itself create a binding sale contract and directed Mahindra Happinest Developers to refund ₹1.50 lakh to a homebuyer, holding that forfeiture was illegal as the booking was never completed.
MahaRERA Rules Developer Cannot Forfeit Entire Booking Amount Upon Cancellation
In a major ruling safeguarding homebuyers, MahaRERA has held that developers cannot forfeit the entire booking amount on cancellation. The Authority ordered refund to the buyer after deducting only 1.5% of the unit cost, directing interest from September 13, 2024.