Browsing Tag

real estate law

4 posts
625 Day Delay Costs Homebuyers Their Appeal

625-Day Delay Costs Homebuyers Their Appeal: MahaRERA Tribunal Refuses to Budge

In a landmark decision, the Maharashtra Real Estate Appellate Tribunal (MREAT) dismissed two appeals due to a shocking 625-day delay in filing. The tribunal ruled that mere miscommunication with legal counsel does not justify missing statutory deadlines. This verdict serves as a warning to homebuyers and litigants—time is of the essence in real estate disputes.
MahaRERA

MahaRERA Dismisses Complaints Due to Pre-RERA Contracts,

MahaRERA has ruled that homebuyers with pre-RERA contracts cannot seek relief under the Real Estate (Regulation and Development) Act, 2016, as the terms of these agreements remain binding. However, a homebuyer with a registered sale agreement has been awarded interest compensation for delayed possession.
Depressed homebuyer

MahaRERA Dismisses Homebuyers’ Refund Plea as They Relinquished Property to Lender

MahaRERA has ruled that homebuyers who relinquish their property to a lender lose their right to claim refunds from the developer. In a case involving the Zeal Regency project, two buyers sought a refund after the project was delayed, but MahaRERA dismissed their plea, citing that they had surrendered ownership to the lender, who later auctioned the flat.
MahaRERA Order

MahaRERA Clarifies: Possession Without an OC is Not Legally Recognized

MahaRERA has clarified that possession of a property without an Occupancy Certificate (OC) is not legally valid. In a case involving the LEO Group Housing Complex, the regulatory body ruled that homebuyers living in such properties do not hold legal possession. The authority has imposed penalties on the developer and allowed affected buyers to claim compensation for delayed possession.