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.
MAHARERA keeping up with the spirit of the Act recently has passed an order asking the builder to pay a sum of Rs.1.5 Lakh as penalty to the RERA authority for not registering the sale agreement.
The RERA authorities of the Various State are not granting refund looking into the wider interest of the Real Estate Sector.
MahaRERA had setup a Conciliation Forum for aggrieved homebuyers who can approach the forum to get their grievances solved, before lodging complaints with the MahaRERA.
MahaRERA which completed a year on May 1 this year is the most progressive authority in India. The authority beyond giving remarkable orders is also trying its best to play the role of regulator.
The buyer enters into an agreement where the builder deliberately mentions vague clauses in the Builder Buyer Agreement in order to evade liability.
The conclusion has been drawn by the RERA authorities of different states that complaint having nexus with unregistered complaint will fall under the jurisdiction of RERA.
RERA act was implemented with the purpose of redressing the grievance of the aggrieved home-buyers and it seems like it is serving the purpose very well.
MAHARERA decided that complaint is not maintainable as the Complainant has cancelled the booking in March 2016 RERA Act, 2016 came into force.
The recent order passed by the Bombay High Court is remarkable as it conceivably covers a noteworthy loophole in the real estate regulations.