Browsing Tag

RERA interest

4 posts
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.

MahaRERA Told Homebuyers to Cooperate. Tribunal Tells Builder to Pay Up

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.
While a homebuyer battled in MahaRERA for his flat, the builder handed it over to someone else. The Authority has now ordered possession with OC and heavy interest from 2018.

Builder Hands Flat To Third Party, While Homebuyer Was Busy Fighting MahaRERA Case

While a homebuyer battled in MahaRERA for his flat, the builder handed it over to someone else. The Authority has now ordered possession with OC and heavy interest from 2018.
MahaRERA

MahaRERA Orders Kolte-Patil Developers to Pay Interest for Delayed Possession in Vile Parle Redevelopment Project

MahaRERA has partly allowed a complaint by Manohar Shetty and Lalita M. Shetty against Kolte-Patil Developers, ordering payment of interest at SBI’s highest MCLR + 2% for the delay in handing over possession of a flat in the Jai Vijay redevelopment project from October 2019 to March 2020. The ruling underscores that contractual possession dates bind promoters despite project extensions or external delays.
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.