Browsing Tag

subvention scheme

4 posts
MahaRERA rules builder's one-sided termination — issued 4 years after homebuyers' complaint — cannot cancel statutory delay interest rights under RERA while project incomplete, granting interest from Jan 2022 till possession with OC in Ruparel Skygreens I case.

Homebuyers File RERA Complaint – Builder Terminates Agreement 4 Years Later – Authority Says: No Escape

MahaRERA rules builder’s one-sided termination — issued 4 years after homebuyers’ complaint — cannot cancel statutory delay interest rights under RERA while project incomplete, granting interest from Jan 2022 till possession with OC in Ruparel Skygreens I case.
In a major win for homebuyers, MahaREAT has ruled that "soft possession" without an Occupation Certificate does not count as lawful possession under RERA.

Amit Shah Approaches MahaRERA Against Builder In Indiabulls Project

MahaRERA has ruled in favour of homebuyer Amit Shah, allowing him to exit the Indiabulls Savroli-2 project and ordering a refund with interest after finding illegal fund collection, non-execution of an agreement for sale, and over ten years of delay.
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 Win Back Route to MahaRERA, But Tribunal Limits Refund to Principal Only

In the stalled “Ten BKC” project case, the Appellate Tribunal has remanded the matter back to MahaRERA for execution, affirming that homebuyers will recover only their principal investment, not the interest earlier granted. The ruling underscores that IBC prevails over RERA when a developer enters insolvency.
MahaRERA

Builder to pay interest on interest paid by homebuyer

Builder was asked to refund home loan interest that was paid by…