Browsing Tag

Refund with Interest

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In a major relief for homebuyers, MREAT has held that allottees can challenge only the unfavourable portions of a RERA order while simultaneously initiating recovery proceedings against the promoter. The Tribunal rejected the builder’s stay plea and imposed costs.

Homebuyers Can Challenge Only Unfavourable RERA Parts & Recover Simultaneously

In a major relief for homebuyers, MREAT has held that allottees can challenge only the unfavourable portions of a RERA order while simultaneously initiating recovery proceedings against the promoter. The Tribunal rejected the builder’s stay plea and imposed costs.
In a landmark ruling, the Maharashtra Real Estate Appellate Tribunal has directed Omkar Realtors to refund ₹7.69 crore plus interest from 2016 to a family for a flat in the stalled Omkar 1973 project, overturning MahaRERA’s order that denied interest and allowed a 2% deduction.

Omkar 1973: Builder Delayed Possession, MahaRERA Denied Interest & Cut 2%; Tribunal Grants Full Refund + Interest

In a landmark ruling, the Maharashtra Real Estate Appellate Tribunal has directed Omkar Realtors to refund ₹7.69 crore plus interest from 2016 to a family for a flat in the stalled Omkar 1973 project, overturning MahaRERA’s order that denied interest and allowed a 2% deduction.
“After paying ₹10,500 in 1977 and waiting decades, she never got the flat she had booked and was ready to pay for — but the court has finally ordered her money back with interest.”

After 49-Year Legal Battle, Mumbai Homebuyer Loses Dream Flat But Wins Refund With Interest

“After paying ₹10,500 in 1977 and waiting decades, she never got the flat she had booked and was ready to pay for — but the court has finally ordered her money back with interest.”
The Rais booked a flat in 2013, paid ₹79 lakh, and were promised possession by December 2017. What followed was a developer collapse, a project takeover, a majority consent exercise they never agreed to — and a regulator that told them to cooperate. The tribunal disagreed.

Homebuyers Entitled to Interest on Refund from Date of Payment Receipt, Not Project Default Date – Landmark Win in Withdrawal Case

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.
MahaRERA orders new developer to hand over flat and pay interest despite claiming it never received payment, holding both builders jointly liable in Mumbai Evergreen Woods case.

Refund Allowed — But Not Final: Homebuyers Must Repay If Builder Wins Appeal

The MahaRERA Appellate Tribunal has allowed homebuyers to withdraw refund amounts ordered by MahaRERA—but with a key condition: if the builder succeeds in appeal, the buyers must return the money with interest. The ruling attempts to balance buyer hardship with developer rights amid long-pending real estate disputes.