Browsing Tag

Sunteck Realty

4 posts
Maharashtra Appellate Court dismisses interim relief plea in Kandivali flat dispute, saying the core family property issues need Civil Court adjudication.

OC in 2020, Keys Only in 2023: Tribunal Forces Builder to Pay Interest Till Actual Possession

Tribunal rules interest runs till actual keys are handed over, not till OC. Builder also cannot charge maintenance for the period possession was withheld.
Sunteck Realty has acquired a premium land parcel in Andheri East through a distressed-asset deal, with plans to develop a ₹2,500 crore residential project in one of Mumbai’s most connected micro-markets.

Sunteck Realty Buys Distressed Land Parcel in Andheri East, Plans ₹2,500 Crore Residential Project

Sunteck Realty has acquired a premium land parcel in Andheri East through a distressed-asset deal, with plans to develop a ₹2,500 crore residential project in one of Mumbai’s most connected micro-markets.
MahaRERA orders new developer to hand over flat and pay interest despite claiming it never received payment, holding both builders jointly liable in Mumbai Evergreen Woods case.

Double Booking Costs Builder Dear: MahaRERA Orders Refund to Homebuyer in Sunteck Project

MahaRERA has ordered a builder to refund a homebuyer’s money after ruling that the flat was double-booked and no valid allotment or agreement existed.
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.

Payment Default by Homebuyers: MahaRERA Upholds Builder’s Right to Cancel Allotments

MahaRERA has ruled that homebuyers who repeatedly default on payments risk losing their flats, upholding a builder’s right to cancel allotments under Section 11(5) of the RERA Act.