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Refund of flat booking amount: Homebuyer fights Godrej Properties and wins the case; Know your rights under RERA

Godrej Properties: A homebuyer booked a flat with Godrej Properties near Mumbai in 2019 by paying Rs 5 lakh as earnest money. Due to personal reasons he cancelled the booking and as a result the property developer forfeited the entire earnest money of Rs 5 lakh. Maharashtra RERA tribunal deems this action as 'not legal'.

Mumbai , Maharashtra , India , Heena-chheda , Ajit-dabhade , Shweta-bharti , Godrej-properties , Real-estate-regulatory-authority , Honble-supreme-court , Godrej , Godrej-properties-on , Managing-partner

MahaRERA says 2022 circular applies retrospectively: Orders builder to partially refund Earnest Money from 2019 | India News

India News: MUMBAI: The Maharashtra Real Estate Regulatory Authority (MahaRERA) held that its August 2022 order, which sets a proforma for allotment letters and s.

Mumbai , Maharashtra , India , Abhijit-mangade , Avinash-pawar , Ajit-dabhade , Mahesh-pathak , Godrej-greenview-housing-pvt-ltd , Maharashtra-real-estate-regulatory-authority-maha , Real-estate-regulation-development , Maharashtra-real-estate-regulatory-authority , Godrej-emerald

MahaRERA orders real estate developer Godrej to refund part of forfeited amount to homebuyer

According to experts, the judgment can lead to more real estate developers facing similar refund situation where the amounts forfeited on cancellations of bookings have exceeded the legally permissible limit.

Mumbai , Maharashtra , India , Ajit-dabhade , Godrej-greenview-housing-private , Godrej-properties , Maharashtra-real-estate-regulatory-authority-maha , Maharashtra-real-estate-regulatory-authority , Godrej-greenview-housing-private-limited , Godrej-emerald , Real-estate , Aharera