Browsing Tag

RERA protection

3 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.

If a Developer Takes Money and Promises Flats, He Can’t Call It ‘Just an Investment’: MahaREAT Delivers Big RERA Clarity

In a landmark ruling, MahaREAT has held that developers cannot escape RERA obligations by calling buyers “investors” when flats are promised under an MoU, overturning a controversial MahaRERA order and reinforcing homebuyer protections.
In a significant win for homebuyers, MahaRERA and the Appellate Tribunal upheld a 2005 booking despite the handling director's death and promoters' denial of knowledge, directing execution of agreement for an equivalent flat or refund with interest — a reminder of RERA's buyer protections even in legacy cases.

Big Relief for Homebuyers: Tribunal Says Banks Can’t Chase You for Loan If Builder Fails to Deliver Flat!

DRAT Allahabad has delivered huge relief to homebuyers in delayed projects: If your bank paid the loan directly to the builder and you never got the flat, you may not have to repay the loan. A must-read case for anyone facing builder delays!
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.

Homebuyers Come Before Banks: MahaRERA Pulls Bank For Ignoring Homebuyers While Lending Money to Builder

In a landmark ruling in the Ashish Sea View case, MahaRERA has declared that homebuyer rights take precedence over banks’ SARFAESI claims. The authority criticised lenders for failing to verify third-party rights and directed them to conduct thorough due diligence before granting project loans. The order significantly strengthens protections for Maharashtra homebuyers.