Browsing Tag

redevelopment project

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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.
Dharavi, Asia's largest slum

Dharavi Redevelopment: Bombay High Court Rules in Favor of Adani, Rejects UAE Firm’s Plea

The Bombay High Court has upheld the Maharashtra government’s decision to cancel Seclink Technologies’ winning bid for the Dharavi redevelopment project and issue a fresh tender. This move led to the award of the project to Adani Properties. Seclink had challenged the cancellation, arguing that the revised terms benefited Adani, but the court dismissed the plea, paving the way for the redevelopment of Dharavi.