Browsing Tag

Real Estate Refund

4 posts
In a pro-justice move, MahaREAT condoned delay in a homebuyer's appeal, recognizing MahaRERA's error in awarding possession instead of the requested refund, and will now hear the matter on merits to prevent injustice on technical grounds.

Homebuyer Sought Refund, MahaRERA Awarded Possession with Interest: Tribunal Steps In to Undo Injustice

In a pro-justice move, MahaREAT condoned delay in a homebuyer’s appeal, recognizing MahaRERA’s error in awarding possession instead of the requested refund, and will now hear the matter on merits to prevent injustice on technical grounds.
In a key February 2026 decision, MahaREAT ruled that homebuyers withdrawing from delayed projects under RERA are entitled to interest from the promoter's receipt of payments—not from later default dates—overturning a MahaRERA order in the Mullaji vs. Onyx Builders case involving stalled projects in Kurla West, Mumbai.

Don’t Book Before the Developer-Society Deal is Sealed: Khar Homebuyers Paid the Price with No Interest on Refund

In a January 2026 ruling, MahaRERA directed Parthesh Developers to refund full amounts paid by buyers Rajiv Dayal and Ashok/Jyoti Narang in the lapsed Ganga Jamna Sangam project — but without interest. The Authority cited the absence of a registered Agreement for Sale and the fact that 2010 allotment letters were issued before the 2011 redevelopment agreement, rendering transactions preliminary and ineligible for statutory interest.
In a key ruling, MahaRERA held that even when an Agreement for Sale is silent on the possession date, the builder must hand over the flat within a reasonable period of three years from the agreement date — failing which, interest is payable for the delay period. The order in the Mauli Omkar project case awarded interest from March 2019 to April 2023 to complainant Sabirali Tufhel Shaikh.

MahaRERA Orders Full Refund with Interest to Homebuyer for Possession Delay

In a significant win for homebuyers, MahaRERA has ruled in favor of a complainant against Viijcon Properties for failing to deliver possession in the Viijcon Cellandine project. The authority ordered a full refund with interest, while dismissing three other complaints due to lack of valid promoter-allottee relationships or incomplete documentation.
In a blow to real estate borrowers, the Bombay High Court has ruled that a single mortgage securing multiple loans counts as separate transactions, forcing Mumbai developer Neepa Real Estates to pay an extra ₹72 lakh in stamp duty and penalties on ₹625 crore worth of loans.

MahaRERA Orders Refunds and Reliefs to Homebuyers as Developer Delays OC and Possession

In a key ruling, MahaRERA has directed Blue Baron Realtors to refund homebuyers in the Zeal Regency project with interest due to delayed possession and non-issuance of OC. The order also mandates the handover of promised amenities and allows buyers to pursue compensation for mental agony.