The promoter is under obligation to pay interest on the amount paid by allottee from the date of payment till the possession is handed over to allottee.
In the matter of Mr. Anil Mnagaldas Vade & ors. vs. Siddhitech Developers, the delay in filing an appeal u/s 44 of RERA Act, MREAT allowed delay of 14 months & 22 days to homebuyers.
Open parking spaces fall within the definition of common areas in the RERA Act, and hence developers cannot charge homebuyers for open parking spaces.
It was observed that once the complainant has given the aforesaid consent he cannot withdraw it as respondents have acted upon the same.
MahaRERA has been a model for other states. Recently, its proved again when suo motu action was taken for the first time against large group of promoters.
The RERA authority of Maharashtra ordered a builder to refund an amount of Rs. 1.8 Crore to a homebuyer because after the passage of two years the builder failed to register agreement to sale and had already charged 30% of the price.
While dismissing the complaint the authority observed that both the Section i.e. 12 and 18 operate at two separate times of the transaction.
The RERA authorities of the Various State are not granting refund looking into the wider interest of the Real Estate Sector.
The Maha-RERA has dismissed the complaints filed by the homebuyer multiple times with respect same issue.
case of any structural defect incurred in next five years from the date of giving the possession; the builder/promoter is liable to rectify the defect at his own cost.
The builders started offering alternate flats or apartments instead of the original one promised as this trick is now becoming the norm for many builders.
The builders started acting smart and cancelled the allotment on this pretext but never returned the money collected from the buyers.
The builders are taking force-majeure clause in the agreement as an excuse to escape their liabilities and get rid of the demanded claims.
The recent order passed by the Bombay High Court is remarkable as it conceivably covers a noteworthy loophole in the real estate regulations.
RERA: Effective Complaint Filing & Compliance using RTI & How RERA Conciliation Works, organised by Money life Foundation’s RTI Centre in Mumbai.
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