Browsing Tag

Refund with Interest

8 posts
In a major win for homebuyers, MahaREAT has ruled that "soft possession" without an Occupation Certificate does not count as lawful possession under RERA.

A Registered Agreement for Sale Is NOT Mandatory for RERA Relief

In a boost for homebuyers, MREAT rules that allotment letters and receipts suffice for RERA claims, ordering Siddhitech Homes to refund Rs. 19.5 lakh to Kapadia sisters with interest from 2012 in the stalled Lake Riveira project, emphasizing no formal agreement is mandatory for relief.
In a landmark decision, the Maharashtra Real Estate Appellate Tribunal ruled that developers cannot cancel registered sale agreements merely because of delayed payments — a major win for Indian homebuyers and a strong reinforcement of legal protections under RERA and property law.

Indiabulls Sky Forest Case: Landmark RERA Ruling Orders Developer to Issue Full Refunds with Interest

The Maharashtra Real Estate Appellate Tribunal has issued a pivotal ruling in the Indiabulls Sky Forest case, directing the developer to provide homebuyers full refunds with interest, notably calculating interest on a significant portion from the original payment dates. This decision underscores RERA’s strength in safeguarding consumers against project delays.
MahaRERA

MahaRERA Orders Refund with Interest in Serenity Project Case, Dismisses Premature Complaints

In a crucial ruling, MahaRERA has directed JVPD Properties Private Limited to refund homebuyers of the delayed Serenity – BLDG 1 project with interest as per Maharashtra RERA Rules. While two complaints were upheld, four were dismissed as premature, including an attempt to hold Xander Finance Pvt. Ltd. responsible for project completion. MahaRERA has given the developer 60 days to comply with the refund order, reinforcing its stance on protecting homebuyers from undue delays.