Party to the case
Ankush Dewan V/s Bhoomi & Arkade Associates
"The Complainant has purchased an apartment bearing No. 81303 in the Respondent's project 'Acropolis-2' located at Virar, Thane via a registered agreement for sale dated December 23, 2015 as per which the possession date was of March 31, 2016 and respondent failed to deliver the possession. the Respondents explained that the delay in handing over possession of the said apartment has been due to mitigating circumstances, beyond the control of the Respondents and for whicl! extension of time is well stipulated for in the said agreement for sale. However, they added, that they are now in a position to hand over the apartment to the Complainant in next 6 to 8 months."
"The Authority directed the respondents directed to handover the possession of the said apartment to the complainant before the period ending May 2018, with OC, failing which the respondent shall be liable to pay interest to the complainant from June 01, 2018 till the actual date of possession, on the entire amount paid by the complainants to the respondent. The said interest shall be as prescribed under Rule 18 of the Maharashka Real Estate (Regulation and Development) (Registration of Real Estate Projects, Regishation of Real Estate Agents, Rate of Interest and Disclosures on Website) Rules, 2017."