Browsing Tag

RERA Section 18

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MahaRERA ruled a buyer who accepted fitout possession 49 days late — with no OC — forfeited 35 months of delay interest. A devastating precedent.

“You Stayed in It — So Stop Complaining”: How MahaRERA Let a Builder Off the Hook After 35 Months of Illegal Delay

MahaRERA ruled a buyer who accepted fitout possession 49 days late — with no OC — forfeited 35 months of delay interest. A devastating precedent.
In a major win for homebuyers, the Maharashtra Real Estate Appellate Tribunal has directed CCI Projects to pay delay interest at SBI MCLR + 2% to two allottees in the Rivali Park Winter Green project, setting aside the MahaRERA order that had rejected their compensation claim. The Tribunal ruled that unilateral extensions of possession dates by the promoter are invalid and that buyers do not waive their rights by continuing payments.

MahaRERA Order Overturned: Homebuyers Win Delay Interest from CCI Projects in Rivali Park’s Winter Green Project

In a major win for homebuyers, the Maharashtra Real Estate Appellate Tribunal has directed CCI Projects to pay delay interest at SBI MCLR + 2% to two allottees in the Rivali Park Winter Green project, setting aside the MahaRERA order that had rejected their compensation claim. The Tribunal ruled that unilateral extensions of possession dates by the promoter are invalid and that buyers do not waive their rights by continuing payments.
India’s housing market is shifting toward bigger homes, with average apartment sizes rising 17% in two years as luxury demand surges and buyers prioritize space, lifestyle, and premium living.

Deceptive “Automatic Extension” Clause Fails: MahaRERA Tribunal Rescues Homebuyer from Builder’s Delay

In a significant win for property buyers, the Maharashtra Real Estate Appellate Tribunal has ruled that builders cannot use “automatic extension” clauses to bypass RERA deadlines. The Tribunal ordered Theme Infraprojects to refund ₹62 lakh with interest to a buyer after rejecting the builder’s claim that one-sided agreement clauses justified a six-year delay.
The Maharashtra Real Estate Appellate Tribunal has ruled that RERA does not allow homebuyers to return a flat and seek refund after taking possession, holding that acceptance of possession closes the exit route under Section 18 of the Act.

RERA’s “No Return Policy”: Once You Take Possession, There’s No Going Back

The Maharashtra Real Estate Appellate Tribunal has ruled that RERA does not allow homebuyers to return a flat and seek refund after taking possession, holding that acceptance of possession closes the exit route under Section 18 of the Act.
In a key ruling, MahaRERA held that even when an Agreement for Sale is silent on the possession date, the builder must hand over the flat within a reasonable period of three years from the agreement date — failing which, interest is payable for the delay period. The order in the Mauli Omkar project case awarded interest from March 2019 to April 2023 to complainant Sabirali Tufhel Shaikh.

No Possession Date in Agreement? MahaRERA Rules: Builder Must Deliver in 3 Years

In a key ruling, MahaRERA held that even when an Agreement for Sale is silent on the possession date, the builder must hand over the flat within a reasonable period of three years from the agreement date — failing which, interest is payable for the delay period. The order in the Mauli Omkar project case awarded interest from March 2019 to April 2023 to complainant Sabirali Tufhel Shaikh.