RERA
Rajasthan REAT Directs Air Force Naval Housing Board To Pay Interest To Homebuyers
Rajasthan Real Estate Appellate Tribunal (Tribunal), comprising Yudhisthir Sharma (Judicial Member), has directed the Air Force Naval Housing Board to pay interest to homebuyers in accordance with the RERA rules, which stipulate an interest rate of SBI MCLR + 2%. This decision comes after the Rajasthan Real Estate Regulatory Authority (Authority) had previously ordered only 3% interest for delayed possession to the homebuyers. AFNHB is a welfare organization that provides residential...
Haryana RERA Orders Refund To Homebuyer Of Mahira Homes - 104 Following Revocation Of Project's Registration
Haryana Real Estate Regulatory Authority (Authority) bench, comprising Ashok Sangwan (Member), directed M/s Czar Buildwell Pvt. Ltd, to refund the amount paid by the homebuyer of Mahira Homes 104 along with interest following the revocation of the project's registration. On 11 March 2024, authority revoked the registration of five projects of the builder which include Mahira Homes Sector 104, Mahira Homes Sector 68, Mahira Homes Sector 103, Mahira Homes Sector 63A and Mahira Homes ...
MahaRERA Directs Godrej Properties To Refund Senior Citizen Who Canceled Their Booking Within One Month
Maharashtra Real Estate Regulatory Authority (Authority) bench, comprising Ravindra Deshpande (Member – II), has directed Godrej Properties to refund Rs. 15 lakhs to a senior citizen who cancelled their booking within one month due to a family emergency. However, Authority refused to provide interest over the paid up amount. Background Facts On 24.04.2017, Homebuyer (Complainant) booked a Suit flat in the builder's project named 'The Trees Origins' located in Kurla, Mumbai. The ...
Whether CIDCO Falls Under Definition Of Promoter For Town Development Activities? MahaREAT Answers
Maharashtra Real Estate Appellate Tribunal (Tribunal) bench, comprising Shriram R. Jagtap (Judicial Member) and Dr. K. Shivaji (Technical Member), has held that the City and Industrial Development Corporation of Maharashtra Ltd. (CIDCO), which is a fully owned undertaking of the Government of Maharashtra and functions as a special planning authority for the development of new towns, falls under the definition of a Promoter under RERA, 2016. Background Facts In October 2018,...
Delay Of More Than 12 Years In Providing Possession Of Apartment, Rajasthan RERA Directs Sahara Prime City To Refund
Rajasthan Real Estate Regulatory Authority (Authority) Bench, comprising Sudhir Kumar Sharma (Member), has directed Sahara Prime City Limited, the builder, to refund the amount paid by the homebuyer along with interest. The homebuyer was allotted an apartment in August, 2009 and was expecting possession by October, 2012. Background Facts The homebuyer (Complainant) booked an apartment in the builder's (Respondent) project named Sahara City Homes, situated in Jaipur. The total sale...
Builder Cannot Forfeit Amount In Absence Of Agreement With Forfeiture Clause, Telangana RERA Orders Full Refund To Homebuyer
While directing the builder to refund the full amount paid by the homebuyer for the purchase the flat, Telangana Real Estate Regulatory Authority (Authority) bench, comprising Dr. N. Satyanarayana (Chairperson), K. Srinivasa Rao (Member), and Laxmi Narayana Jannu (Member), held that forfeiture is only applicable when a formal agreement with a forfeiture clause has been executed between the homebuyer and builder. Background Facts The homebuyer (Complainant) booked a flat in the...
MahaRERA Issues Order on Project Registration Eligibility and Real Estate Agent Fee Clause in Agreements for Sale
Maharashtra Real Estate Regulatory Authority (Authority) has issued an order on 22nd October related to the eligibility criteria for project registration and the inclusion of real estate agent fee clauses in agreements for sale and Sale deeds. No registration required for exempted Projects Section 3(2) of the Real Estate (Regulation & Development) Act, 2016 specifies projects that do not require registration. This includes projects – 1.Where the land area is less than or equal...
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,...