MREAT Rules Part OC No Shield: Lodha Group to Pay Interest for Delay in Possession

In a major boost for homebuyers, the Maharashtra Real Estate Appellate Tribunal (MREAT) has ordered Lodha Crown Buildmart Pvt. Ltd. to pay interest for delayed possession of flats in the New Cuffe Parade project. The Tribunal clarified that partial Occupancy Certificates do not exempt builders from liability and reinforced that delay must be calculated from the date promised in the sale agreement.

MahaRERA Appellate Tribunal Rejects Developer’s Appeal Over Delay in Filing

The Maharashtra Real Estate Appellate Tribunal has dismissed an appeal by developer Nitin Navgire, citing an unjustified 23-month delay and failure to comply with RERA’s legal requirements.