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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.
The Authority said the completion certificate, obtained by the Mantri Group before RERA was enacted, did not contain the name of the project. Additionally, it said the project clearances were obtained after the enactment of RERA.
The court said that offences under the Prevention of Money Laundering Act, 2002, cannot independently stand after the quashing of the FIR
In this case, the homebuyer had booked an apartment in the Sobha Valley View project in south Bengaluru for Rs 1.5 crore.
Delayed projects, or projects that have not met the completion deadline might have to face a suspension or revocation of their registrations with RERA.