Browsing Tag
Section 18 RERA
27 posts
Homebuyers Can Claim Interest for Delayed Possession Even If They Stay in the Project
In a strong pro-homebuyer ruling, the Bombay High Court has held that allottees who continue with a delayed project do not lose their statutory right to claim interest under Section 18 of RERA. The Court dismissed the promoter’s appeal and upheld interest from the original due date of possession.
Homebuyers Win ₹2.25 Crore Refund Case in MahaRERA Tribunal After Losing at Authority Level | Allotment Letter Held as Valid Contract
In a major relief to homebuyers, the Maharashtra Real Estate Appellate Tribunal has directed Parorch Developers to refund over ₹2.25 crore with interest, holding that an allotment letter is a valid enforceable contract under RERA even in the absence of a registered Agreement for Sale. The Tribunal overturned MahaRERA’s dismissal order in the Trinity Towers, Powai case.
No Date, No Justice: MahaRERA Rejects Homebuyer’s Delay Claim Over Vague 2011 AFS
In a controversial order, MahaRERA has rejected a homebuyer’s claim for interest on delayed possession solely because his 2011 Agreement for Sale did not mention any specific date. The Authority dismissed the complaint filed by Imran Haedr against K.K. Constructions but directed a refund as per contract terms. The ruling highlights the risks of signing agreements with vague possession clauses even in the RERA era.