MahaRERA Directs Piramal Estates To Refund Money Paid By Three Homebuyers, After Deducting 2% Of Total Consideration Amount

Maharashtra Real Estate Regulatory Authority (Authority) bench, comprising of Mahesh Pathak (Member – I) has directed Piramal Estates to refund the amount paid by three homebuyers after deducting 2% of the total consideration. Background Facts The homebuyers (Complainants) booked their respective flats in the builder's (Respondent) project, Vaikunth Cluster 4, located in Thane West by signing a Right of First Refusal (RFR) during 2017–2018. The total sale consideration for the flats...

HYDRAA - Balancing Development And Justice In Telangana

The recently constituted Hyderabad Disaster Response and Asset Protection Agency[1] (HYDRAA) by the Government of Telangana (Government) has been on a demolition drive of illegal structures since its formation on July 19, 2024 in Telangana, for regulating and safeguarding government property from encroachment, unauthorised allotments and constructions; while preserving lakes, waterbodies and protected zones, namely the Full Tank Level (FTL) lands, Buffer Zones and the G.O. 111 lands. Operating...

Delhi REAT Holds Homebuyer Who Booked Flat Under Buy-Back Scheme As Allottee, Remands Matter To Delhi RERA

Real Estate Appellate Tribunal, NCT of Delhi (Tribunal) comprising of Justice Chander Shekhar (Chairperson) and Lorren Bamniyal (Judicial Member) held in favour of the homebuyer who had booked a flat under the Buy Back scheme. The Tribunal concluded that the homebuyer falls within the definition of 'allottee' and remanded the matter to the NCT Delhi Real Estate Regulatory Authority (Authority), which had dismissed the homebuyer's complaint holding him as an investor. Background...

Telangana RERA Penalises Builder For Unilaterally Cancelling Homebuyers Allotment, Also Holds Real Estate Agent Liable

Telangana Real Estate Regulatory Authority (Authority) bench, comprising K. Srinivasa Rao (Member) and Laxmi Narayana Jannu (Member) has imposed a penalty of Rs. 8.57 lakh each on the builder and the real estate agent for unilaterally canceling the allotment of the homebuyer and violating the provisions of the RERA, 2016. Background Facts The homebuyers purchased flats in the Tulasi Bhagyanagar Project located in Dundigal by paying sale consideration to the builder (Respondents No....

Haryana RERA Directs Imperia Structures To Pay Assured Returns To Complainant

Haryana Real Estate Regulatory Authority (Authority) bench, comprising Vijay Kumar Goyal (Member) directed Imperia Structures to pay assured returns to complainant who purchased an office in their project under the Assured Returns scheme. Assured returns projects are schemes where builders promise to pay a fixed amount to homebuyers at regular intervals (usually monthly) for a specified period. Background Facts Complainant purchased a commercial virtual office in the builder's...

Haryana RERA Orders Emaar MGF To Pay Interest To Homebuyer For Delayed Possession

Haryana Real Estate Regulatory Authority (Authority) bench, comprising Vijay Kumar Goyal (Member) has directed Emaar MGF Land Limited to pay interest to the homebuyer for the delay in handing over possession. Background Facts Homebuyer (Complainant) purchased a flat measuring 1,720 sq. ft. in the builder's (Respondent) project named "Palm Gardens" located in Sector 83, Kherki Daula, Gurugram for a total sale consideration of Rs.1,18,84,181. A Builder-Buyer Agreement was executed...

Karnataka RERA Directs Mantri Developers To Refund Rs. 22.34 Lakh To Homebuyer For Delayed Possession

Karnataka Real Estate Regulatory Authority (Authority) bench, comprising GR Reddy (Member) has directed Mantri Developers to refund Rs. 22.34 Lakhs to the homebuyer for the delayed possession. Background Facts Homebuyer (complainant) booked a flat in the builder's (respondent) project named "Mantri Webcity 3C" located in Bangalore South, Bengaluru Urban in 2017 under the 10:90 scheme. As per the agreement, the builder was obligated to complete the project and hand over possession of...

Haryana REAT Dismisses TDI Infrastructure's Application For Condonation Of 193-Day Delay In Filing Appeal

The Haryana Real Estate Appellate Tribunal (Tribunal) comprising of bench of Justice Rajan Gupta (Chairman) and Shri Rakesh Manocha (Technical Member) has dismissed the TDI Infrastructure application for condonation of a 193-day delay in filing the appeal before the Tribunal. Tribunal observed that the reasons provided by the builder for the delay in filing the appeal were unconvincing and speculative. It noted that the builder being a well-resourced real estate company should have acted...

Karnataka RERA Directs Ozone Urbana Infra Developers To Refund Rs. 61.6 Lakh To Homebuyer For Delayed Possession

Karnataka Real Estate Regulatory Authority (Authority) bench, comprising GR Reddy (Member) has directed Ozone Urbana Infra Developers to refund Rs. 61.6 Lakhs to the homebuyer for the delayed possession. Background facts The homebuyer (Complainant) entered into an agreement for sale to purchase a flat in the builder's (Respondent) project named Ozone Urbana on July 10, 2018. Later, the homebuyer was diagnosed with cancer. Since she was the sole agreement holder, her husband requested...

Karnataka RERA Holds Shriram Properties Liable For Delayed Possession, Orders 12.77 Lakhs Interest To Homebuyer

Karnataka Real Estate Regulatory Authority (Authority) bench, comprising GR Reddy (Member), has directed Shriram Properties to pay Rs. 12.77 Lakhs to the homebuyer as interest for delay in handing over possession of the flat. Background Facts Homebuyer (Complainant) purchased a flat in the builder's (Respondent) project named Shriram Summitt by entering into an agreement for sale on September 7, 2019. As per the agreement, the builder was required to hand over possession of the flat...

Telangana RERA Orders Refund To Homebuyer And Imposes Rs 9.96 Lakh Penalty On Hyderabad-Based Builder For Selling Unregistered Project

Telangana Real Estate Regulatory Authority (Authority) bench, comprising Justice Dr. N. Satyanarayana (Chairperson), K. Srinivasa Rao (Member) and Laxmi Narayana Jannu (Member) directed the Hyderabad based builder named Krithika Infra Developers to refund the amount paid by the homebuyer for purchasing the flat. Additionally, the bench imposed a penalty of Rs. 9.96 lakh on the builder for marketing, advertising and selling the unregistered project to the homebuyer. Background Facts ...

Punjab RERA Holds ATS Estate Liable For Delayed Possession, Orders Refund With Interest To Homebuyer

Punjab Real Estate Regulatory Authority (Authority) Bench, Comprising of Binod Kumar Singh (Member) directed ATS Estates to refund Rs. 17.74 Lakhs along with interest to the homebuyers for the delayed possession. Background Facts Homebuyers (Complainants) booked a residential apartment in Tower-9 of the builder's (Respondent No 1) project named ATS Golf Meadows Lifestyle-2 located at Mohali, Punjab. The builder issued an allotment letter on 27.03.2017 confirming the booking upon...