Browsing Tag

stalled project

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MahaRERA has permitted a fresh RERA registration for the stalled Sapphire I project in Kurla, giving the new developer a clean slate while protecting original allottees through abeyance of the old registration and a lien on reimbursement funds payable to the terminated promoter ITMC

New Builder Takes Over Stalled Andheri SRA Project; RERA Imposes Lien to Protect Homebuyers

MahaRERA has directed the new developer of Andheri’s Nest Wing B project to withhold full payment to the outgoing builder until old homebuyers’ dues are cleared. The February 2, 2026 order revives the stalled SRA scheme while keeping existing allottees’ claims alive against SSSC Escatics through a lien and abeyance of the old registration.
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.

Don’t Book Before the Developer-Society Deal is Sealed: Khar Homebuyers Paid the Price with No Interest on Refund

In a January 2026 ruling, MahaRERA directed Parthesh Developers to refund full amounts paid by buyers Rajiv Dayal and Ashok/Jyoti Narang in the lapsed Ganga Jamna Sangam project — but without interest. The Authority cited the absence of a registered Agreement for Sale and the fact that 2010 allotment letters were issued before the 2011 redevelopment agreement, rendering transactions preliminary and ineligible for statutory interest.