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The Maharashtra Real Estate Appellate Tribunal has modified a 2019 order of the housing regulator, MahaRERA. The tribunal directed the promoter of the housing project, Neelkamal Realtors, to execute an agreement for sale and hand over possession of the flat at an early date on receiving the occupancy certificate.
The homebuyers are seeking clarity in home registration processes. They have stated that despite having no authority, the sub-registrars in the state continue to register resident welfare associations and their bylaws.
Mofa: While developers' bodies have demanded that the Act should be repealed, many citizens and even the cooperation department have said that the Act should continue.
As per EOW, the developer took money from buyers in 2010-11 in the name of selling flats in a Mulund (West) project, but has not handed over the flats to date.
Promoter and director duo Dharmesh Jain and Rajiv Jain allegedly duped several flat buyers to the tune of ₹11 crore promising them homes in 2010-11 which were not delivered till date despite repeated extension of deadline.