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MahaREAT Orders Builder To Compensate For Delayed Possession, Rejecting The Builder's Contention Of Late Issuance Of The NOC.

Maharashtra Real Estate Appellate Tribunal (MahaREAT or Tribunal) bench, comprising of Justice Shri Shriram R. Jagtap (Judicial Member) and Dr. K. Shivaji (Technical Member), has ordered the builder...
Yashwant Shenoy Vital Developers Pvt Airport Authority Of India Airport Authority Ltd Joint Venture Bombay High Court
Source: livelaw.in

SC orders Lodha to refund Rs 2.25 cr to homebuyer with interest over delivery delay

The Supreme Court also set aside the National Consumer Disputes Redressal Commission (NCDRC) order dated November 9, 2022 and directed the developer to refund the deposited amount of Rs 2.25 crore in 12 months with simple interest thereon at 12 % per annum.
Lodha Evoq Lodha Crown Buildmart Venkataraman Krishnamurthy Macrotech Developers Lodha National Consumer Disputes Redressal Commission Supreme Court

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MahaRERA says OC for bare shell not full OC, issues recovery warrant

MahaRERA has issued a recovery warrant against Era Realtors, part of Omkar Realtors group, for failing to pay interest on delayed possession in the Alta Monte project. The warrant is for recovering ₹4.22 crore ($586,000) with interest from July 1, 2018, until the developer obtains a full Occupancy Certificate for Tower D. The possession has been delayed by 2,041 days, and the total interest due is ₹2.48 crore ($345,000). | Mumbai news
Uttar Pradesh Ashok Alaspurkar Chanchal Rastogi Alta Monte Savitri Rastogi Anita Rastogi

State Consumer Commission, UP Holds Sahara Prime City Ltd Liable For Deficiency In Service And Ordered To Compensate Homebuyer For Delay In Possession

The State Consumer Disputes Redressal Commission, Uttar Pradesh, led by Honble Mr. Justice Ashok Kumar, has ruled in favor of homebuyer against Sahara Prime City Ltd. The case sheds light on the...
Uttar Pradesh Anyanya Sharma Justice Ashok Kumar Consumer Disputes Redressal Commission Sahara Prime City Ltd State Consumer Disputes Redressal Commission
Source: livelaw.in

Can homebuyers claim compensation for delayed projects after taking possession?

Delayed possession: MahaRERA has said that a complaint for delayed handing over by the developer can attract provisions of Section 18 of the RERA Act (compensation) only if the delay is ongoing at the time of filing the complaint.
Girish Bhoite Maharashtra Real Estate Regulatory Authority Maha Paranjpe Schemes Construction Maharashtra Real Estate Regulatory Authority Paranjpe Schemes Construction Limited Maharashtra Real Estate Appellate Tribunal

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