A transport company had tasked the accused with taking a container of electronic gadgets and other goods from Ahmedabad to Bhiwandi in Thane, Maharashtra
Maharashtra RERA asks developer to deliver, not to differentiate between homebuyer, investor
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Synopsis
The ruling is expected to set a precedent for all such matters arising from the refusal of developers to acknowledge the rights of investors as homebuyers that are pending before consumer forums, other state RERA authorities and courts.
Agencies
As per the allotment letters, the developer agreed to hand over possession within two years, with the stipulation that the apartments would be bought back if they were not delivered on time.
MUMBAI: In a landmark ruling, the Maharashtra Real Estate Regulatory Authority (MahaRERA) has refused to differentiate between an investor in a housing project and a homebuyer and has directed a developer to honour contractual obligations.