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The case was that of homebuyers Jignesh R Khemani and Gulab R Khemani, who booked a flat in a project named ‘Ruparel Skygreens I’, located at Borivli. The project was registered by the builder with MahaRERA.
The developer had issued an allotment letter on October 8, 2012, and an agreement for sale was executed on June 28, 2013, in which possession delivery date was not mentioned by the developer and had remained blank. Shaikh, who filed the appeal, claimed that the developer had verbally promised to hand over possession of the flat on or before April 2014.
MahaRERA Asks Nirmal Lifestyle To Pay 9% Interest Since 2006 to Homebuyer for Delayed Possession Moneylife Digital Team 1 Maharashtra Real Estate Regulatory Authority (MahaRERA) recently passed an order directing a developer to pay interest since September 2006 (when the project ought to have been completed) on the total amount paid by a home-buyer for a flat in a high-rise at Kurla for failure to mention the date of possession in a 2003 agreement for sale. The developer, Nirmal Lifestyle Ltd, has been ordered to pay simple interest at 9% per annum for the past 14 years. The order sa...
Tribunal stays MahaRERA order on forfeiture clause BySatish NandgaonkarSatish Nandgaonkar / Updated: Dec 12, 2020, 14:02 IST The masterplan of The Trees project in Vikhroli Appellate tribunal will delve into the legal question on whether MahaRERA can tinker with forfeiture clause under RERA provisions. Maharashtra Real Estate Appellate Tribunal (MREAT) has stayed a MahaRERA order of August 2020 asking Godrej Properties Ltd to refund Rs 39 lakh forfeited by the developer from a home buyer from The Trees project in Vikhroli after terminating the agreements for two flats for alleged failure to ...