Haryana RERA Holds Ramprastha Promoters Liable For Delay Of Over 5 Years, Orders Interest To Homebuyer

Haryana Real Estate Regulatory Authority (Authority) bench, comprising Vijay Kumar Goyal (Member), has directed M/s Ramprastha promoters & Developers Pvt. Ltd to pay interest to the homebuyer for the delay in handing over possession. The builder was supposed to deliver possession of the flat in February 2018, but the homebuyer received the offer of possession only in April 2023. This delay resulted in the homebuyer filing a complaint before Haryana RERA. Background Facts The...

Haryana RERA Holds Ramprastha Promoters Liable For Delay Of Over 5 Years, Orders Interest To Homebuyer

Haryana Real Estate Regulatory Authority (Authority) bench, comprising Vijay Kumar Goyal (Member), has directed M/s Ramprastha promoters & Developers Pvt. Ltd to pay interest to the homebuyer for the delay in handing over possession. The builder was supposed to deliver possession of the flat in February 2018, but the homebuyer received the offer of possession only in April 2023. This delay resulted in the homebuyer filing a complaint before Haryana RERA. Background Facts The...

Karnataka RERA Orders Tirumala Constructions To Refund 2.77 Crore To Homebuyer For Selling Flat To Third Party

Karnataka Real Estate Regulatory Authority (Authority) bench, comprising Rakesh Singh (Chairperson) and G.R. Reddy (Member), has directed Tirumala Constructions to refund ₹2.77 crore to a homebuyer for selling a flat to a third party. The Authority had initially dismissed the homebuyer's two complaints seeking a refund with interest through an order dated 01.03.2021. Subsequently, the homebuyer challenged this order before the Karnataka Real Estate Appellate Tribunal, which remanded...

Filing Complaint After Project Completion, MahaRERA Rejects Homebuyers Claim

Maharashtra Real Estate Regulatory Authority (Authority) bench, comprising Mahesh Pathak (Member – I), rejected the homebuyers' claim against Larsen & Toubro Ltd (builder) for a refund with interest under Section 18, holding that the complaint was filed after the project was completed and the Occupancy Certificate had been issued. Background Facts Both Homebuyers (Complainants) purchased a flat in the builder's (Respondent) project named “Crescent Bay - T3” situated at Parel, ...

Execution Of Conveyance Deed Doesn't End Builder Liability, Haryana RERA Directs Emaar MGF To Pay Interest To Homebuyer

While holding that executuion of conveyance deed in the favour of homebuyer does not end builder/promoter liability towards the flat, Haryana Real Estate Regulatory Authority (Authority) bench, comprising Ashok Sangwan (Member), directs M/s Emaar MGF Land Ltd.(builder) to pay interest to the homebuyer for delayed possession. Background Facts On 26.04.2010, the original allottees booked a flat in the builder's (Builder) project named Palm Terraces, located in Sector 66, Gurugram,...

MahaREAT - Homebuyers Have Unconditional Right To Claim Interest, Sets Aside MahaRERA Conditional Payment Of Interest Order

While setting aside the order of Maharashtra Real Estate Regulatory Authority (Authority), Maharashtra Real Estate Appellate Tribunal (Tribunal), comprising Justice Shriram R. Jagtap (Judicial Member) and Shrikant M. Deshpande (Technical Member), has held that Homebuyers right to seek interest upon delay under Section 18(1) of RERA, 2016 is unqualified and conditional. The homebuyer appealed to the Tribunal after the Authority allowed the builder to pay interest after obtaining the...

Haryana RERA Directs Signature Global To Pay Interest To Three Homebuyers For Delayed Possession

Haryana Real Estate Regulatory Authority (Authority) bench, comprising Ashok Sangwan (Member), has directed M/s Signature Global India Private Limited to pay interest to three homebuyers of the affordable housing project named The Millennia, situated in Sector-37D, Gurugram. Background Facts All three homebuyers (Complainants) purchased flat in the builder's (Respondent) project named “The Millennia” situated in Sector 37D, Gurugram. The total sale consideration of their flats were...

Punjab RERA Holds Bathinda Development Authority Liable For Delayed Possession Of Residential Plot, Orders Compensation To Complainant

Punjab Real Estate Regulatory Authority (Authority) bench, consisting of Balbir Singh (Adjudicating Officer), held Bathinda Development Authority (Respondent) liable for delayed possession of residential plot and directed it to pay Rs. 95,000 as compensation to complainant. Background Facts The complainant booked a residential plot in the respondent's project at PUDA Enclave, Mansa, on December 16, 2013. After winning the draw of lots, the respondent issued a letter of intent (LOI)...

Tamil Nadu RERA Directs TATA Value Homes To Pay 3 Lakh To Homebuyer As Compensation For Delay And Mental Agony

Tamil Nadu Real Estate Regulatory Authority (Authority) bench Comprising of TMT N. Uma Maheshwari (Adjudicating Officer), has directed TATA Value Homes to pay a sum of ₹3 lakhs to a homebuyer as compensation for delay and mental agony. Background Facts On 07.05.2014 Homebuyer (Complainant) booked a flat in the builder's (Respondent) project named TATA Santorini situated at Kuthambakkam, Chennai by paying Rs. 30,000/- as an advance. Total consideration of the flat was Rs.79,66,957/-...

MahaREAT Directs Builder To Refund Entire Amount With Interest From The Date Of Payment

Maharashtra Real Estate Appellate Tribunal (Tribunal), comprising Justice Shriram R. Jagtap (Judicial Member) and Shrikant M. Deshpande (Technical Member), has set aside the decision of the Maharashtra Real Estate Regulatory Authority (Authority) that awarded interest on the refund amount from the due date of possession. Instead, the Tribunal directed Darode Jog Homes Pvt. Ltd. (builder) to pay interest on the refund amount from the date of payment. Background Facts Homebuyer ...

MahaRERA Directs Ruparel Infra & Reality To Refund Homebuyer's Money After Deducting 2% Of Total Consideration

While holding the forfeiture of the entire money paid by the homebuyer, which was around 5% of the total consideration of the flat, as inconsistent, the Maharashtra Real Estate Regulatory Authority (Authority) bench, comprising Mahesh Pathak (Member – I), has directed Ruparel Infra & Realty Pvt Ltd., the builder, to refund the amount paid by the homebuyer after deducting 2% of the total consideration. Background Facts Homebuyers (Complainants) purchased flats in the builder's...

Haryana RERA Upholds Cancellation Of Flat's Booking, Orders Planning Division To Take Action Against Vatika For Non-Registration

While upholding the cancellation of flat allotment, Haryana Real Estate Regulatory Authority (Authority) bench, comprising Ashok Sangwan (Member), has directed Planning Division of authority to take action against Vatika Limited (the builder) for the non-registration of the project under RERA. Background Facts On 29.05.2015, Homebuyer (Complainant) purchased a flat measuring super built up area of 1550 sq. ft with covered car parking in the builder's (Respondent) project named...