“Fit-Out Possession” Declared Legally Invalid Without OC: MahaRERA Rules in Favor of Delayed Homebuyers

In a landmark MahaRERA ruling, “fit-out possession” without OC is deemed legally invalid, holding promoters liable for delays in a Vasai housing project. Homebuyers awarded interest from Dec 2018, deferred till OC, highlighting RERA’s balance between buyer relief and project viability.

MahaREAT Orders Developer to Pay Interest and Upfront Payment Rebate to Homebuyers in Key RERA Ruling

A significant ruling by the Maharashtra Real Estate Appellate Tribunal has mandated a developer to pay both delayed possession interest and a promised upfront payment rebate to homebuyers, in addition to the refund amount. The judgment clarifies that these financial reliefs are a mandatory part of the allottee’s protection under the RERA Act.