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Builder vs builder

Builder vs builder By Ateeq Shaikh Nahar Group’s promoters Manju and Rajesh Yagnik had booked two apartments at a high-end luxury project at Worli and have now moved MahaRERA to seek relief against their peer, Omkar Realtors & Developers It’s not only the homebuyers who have grievances against developers; sometimes, developers themselves are not spared by their industry peers. Like the ordinary homebuyers, a realtor family has moved the Maharashtra Real Estate Regulatory Authority (MahaRERA) to seek specific relief and compliance with a previous order of the regulatory authority. The legal battle is between two of the real estate industry’s well-known companies in Mumbai.

Mumbai: MahaRERA rejects Kohinoor Developers contention against two homebuyers

Mumbai: MahaRERA rejects Kohinoor Developers contention against two homebuyers MahaRERA has directed developer to pay interest at the rate of 9 per cent per annum on the received amount till handing over the possession of the flat The Maharashtra Real Estate Regulatory Authority(MahaRERA) has dismissed Kohinoor developers contention that homebuyers - Priyanka Vij and Vandana Vij - seeking interest on payment made over delay in possession of flat in the project Kohinoor City residential Phase II, at Kurla (West) is non-maintainable since they have repurchased it and no sale deed has been signed between both. MahaRERA Member-II BD Kapadnis, however, in the order cited that when the complainants repurchased the flat from original allottee -Shabina Faruq Ahmed Shaikh, it granted sale and transfer of flat. Therefore, the complainants stand in the shoes of the original allottee.

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