RERA
Haryana RERA Directs Ramprastha Promoters To Pay Interest, Execute Conveyance Deed In Favor Of Homebuyer
Haryana Real Estate Regulatory Authority (Authority) bench comprising of Ashok Sangwan (Member) has directed M/s Ramprastha promoters & Developers Pvt. Ltd to pay interest to the homebuyer for the delay in handing over possession. Additionally, Authority directed builder to handover the possession and execute the conveyance deed in the favor of homebuyer. After facing an inordinate delay in receiving possession of the flat which was due on December 31, 2014, the two homebuyers...
RERA WEEKLY ROUND UP: NOVEMBER 18 – NOVEMBER 24, 2024
HARYANA REAL ESTATE REGULATORY AUTHORITY Haryana RERA Orders Raheja Developers To Refund Three Homebuyers Of Raheja Revanta Project Case – Arvinder Singh Aneia and Preeti Aneja Versus Raheja Developers Limited Along with 2 others Citation – Complaint No. 2205/2023 and 2 others Haryana Real Estate Regulatory Authority (Authority) bench comprising Ashok Sangwan (Member) has directed Raheja Developers to refund three homebuyers who purchased their flats in the Raheja Revanta...
Haryana RERA Orders Ansal Housing To Pay Interest For Delay And Provide Possession Offer To Homebuyer Within Two Months
Haryana Real Estate Regulatory Authority (Authority) bench, comprising Ashok Sangwan (Member) has directed M/s Ansal Housing and Constructions Limited to pay interest and provide offer of possession to homebuyer within 2 months. The homebuyer who booked a flat in 2011 expected possession by November 2015. However, due to the builder's failure to deliver the flat on time, the homebuyer approached the authority. Background Facts In 2011, the homebuyer (Complainant) booked a 3 BHK...
Maharashtra RERA Directs Godrej Properties To Refund Booking Amount Paid By Homebuyer
Maharashtra Real Estate Regulatory Authority (Authority) bench comprising Mahesh Pathak (Member – I) has directed Godrej Properties Limited.to refund the amount paid by the homebuyer after deducting 2% of the total consideration. Due to personal reasons the homebuyer failed to pay the consideration for the flat she purchased. Consequently, the builder forfeited the amount prompting the homebuyer to approach the authority. Background Facts Homebuyer (Complainant) purchased a flat...
RERA WEEKLY ROUND UP NOVEMBER 11 – NOVEMBER 17
MAHARASHTRA REAL ESTATE REGULATORY AUTHORITY Failure To Provide Possession Of Two Showrooms On Time, MahaRERA Directs Pune Builder To Pay Interest To The Complainant Case – Kohinoor Televideo Pvt Ltd Versus Deron Properties Pvt Ltd A/W 1 other Citation - Complaint No. CC005000000096064 & 1 other Maharashtra Real Estate Regulatory Authority (Authority) bench, comprising Mahesh Pathak (Member – I) directed the Pune-based builder Deron Properties Pvt Ltd to pay interest to...
Haryana RERA Orders Raheja Developers To Refund Three Homebuyers Of Raheja Revanta Project
Haryana Real Estate Regulatory Authority (Authority) bench comprising Ashok Sangwan (Member) has directed Raheja Developers to refund three homebuyers who purchased their flats in the Raheja Revanta Project in 2012 with interest. The homebuyers decided to withdraw from the project after the builder failed to hand over possession even after a delay of 7 years. Background Facts Homebuyers (Complainants) purchased their respective flats in the builder's (Respondent) project named...
Delay Of 3.5 Years In Delivering Possession Of Plot, Himachal RERA Directs Builder To Pay Rs. 2.92 Crore As Interest To Complainant
Himachal Real Estate Regulatory Authority (Authority) bench comprising Justice Srikant Baldi (Chairperson) directed the builder to pay Rs. 2.92 crore to the complainant who received the offer of possession of plot after a delay of 3.5 years. Background Facts The complainants booked a plot in Solan, Himachal Pradesh measuring 1094.70 square meters and paid Rs. 20,00,000/- to the builder (Respondent) as the booking amount. The total consideration for the plot was Rs. 2,74,61,753/- out...
Karnataka REAT Directs Builder To Provide Car Parking Space Without Charging Extra Money
Karnataka Real Estate Appellate Tribunal (Tribunal) Bench, comprising Santhosh Kumar Shetty N. (Judicial Member) and Mahendra Jain (Administrative Member) directed the builder to provide a car parking space to the homebuyer with their 1BHK flat without charging any extra money. The Tribunal rejected the builder's contention that they had mistakenly mentioned providing the car parking space in the sale agreement. Background Facts Homebuyer (Complainant) booked a flat in the...
MahaRERA Orders Relief To Nine Homebuyers Of Sahara Prime City Facing Delay Of Over 17 Years
Maharashtra Real Estate Regulatory Authority (Authority) bench, comprising Mahesh Pathak (Member – I), provided relief to nine homebuyers of the Sahara Prime City Nagpur project which has been facing a delay of more than 17 years. Sahara Prime City, the real estate company of Sahara India Pariwar, is experiencing issues in completing its ongoing projects after the Supreme Court in 2013, prohibited all transactions of the Sahara group of companies and directed SEBI to control these...
Punjab RERA Orders Omaxe Chandigarh Extension To Pay Interest To Homebuyer For Delayed Possession
Punjab Real Estate Regulatory Authority (Authority) bench consisting of Binod Kumar Singh (Member), directed M/s Omaxe Chandigarh Extension Developments Pvt. Ltd. Which is a subsidiary of Real Estate company Omaxe Ltd. to pay interest to homebuyer for the delay in handing over possession of the flat. Background Facts Homebuyer (Complainant) was allotted a flat in the builder's (Respondent) project named The Lake located at OMAXE New Chandigarh. Further, Buyer's Agreement was ...
Will Homebuyer Who Converted His Paid Amount Into Unsecured Loan Fall Under Definition Of Allottee? MahaREAT Answers
Maharashtra Real Estate Appellate Tribunal (Tribunal) bench, comprising Shriram R. Jagtap (Judicial Member) and Dr. K. Shivaji (Technical Member), has held that homebuyer who converts their paid amount into an unsecured loan will not fall under the definition of an allottee. As the paid amounts are no longer considered as payments for the purchase of the Flat. Instead, they are recognized as a loan which removes the homebuyer from the status of an allottee. Background Facts The ...
Delay Of Over 8 Years, Haryana RERA Directs KNS Infracon To Refund And Settle Homebuyer's Loan Account
Haryana Real Estate Regulatory Authority (Authority) bench, comprising Ashok Sangwan (Member), has directed M/s KNS Infracon Private Limited to refund ₹93 Lakhs with interest to homebuyer who purchased a flat in their Capital Gateway Project. Additionally, Authority directed builder to close the homebuyer's loan account with the bank using the refundable amount. Background Facts Through a flat buyer agreement dated 21.08.2017, homebuyer (Complainant) was allotted a flat in the...