Page 2 - Delayed Possession News Today : Breaking News, Live Updates & Top Stories | Vimarsana

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

It has started the deregistration process against 15 percent of the projects as have made on progress, MahaRERA has told the Centre's RERA subcommittee

The State Consumer Disputes Redressal Commission, Uttar Pradesh, led by Hon'ble Mr. Justice Ashok Kumar, has ruled in favor of homebuyer against Sahara Prime City Ltd. The case sheds light on the...

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.

Delayed projects, or projects that have not met the completion deadline might have to face a suspension or revocation of their registrations with RERA.