Possession Date Binding News Today : Breaking News, Live Updates & Top Stories | Vimarsana

Representative image
MUMBAI: ‘Possession’ of flat doesn’t mean ‘fit out possession’ under RERA. Ruling on the sanctity of the ‘specified date’ of possession, Maharashtra Real Estate Appellate Tribunal asked a builder to refund with interest money paid by two buyers who withdrew from a project three months after delivery of their flats was due.
The tribunal held that the promoters of Palava Lakeside in Kalyan failed to hand over possession of two flats by February 28, 2018, as mentioned in the agreements for sale (AFS) and thus allottees were entitled to withdraw and get refund with interest. “Section 18 of RERA is absolute on the point of ‘specified date’ mentioned in the agreement for giving possession” and not on any “grace period” mentioned in the agreement, said the tribunal in its judgment. It added that permitting possession beyond the specified date “would lead to disastrous consequences, rendering the agreed date of possession as specif ....

Sumant Kolhe , Maharashtra Real Estate Appellate Tribunal , Palava Lakeside , Real Estate , Maharashtra Ownership , Mumbai News , Mumbai Latest News , Mumbai News Live , Mumbai News Today , Today News Mumbai , Rera Tribunal , Possession Date Binding , Maharashtra Real Estate , சுமந்த் கொள்ே , மகாராஷ்டிரா ரியல் எஸ்டேட் மேல்முறையீடு தீர்ப்பாயம் , பலாவா ஏரி , ரியல் எஸ்டேட் , மகாராஷ்டிரா ஓநர்‌ஶிப் , மும்பை செய்தி , மும்பை சமீபத்தியது செய்தி , மும்பை செய்தி வாழ , மும்பை செய்தி இன்று , இன்று செய்தி மும்பை , றேறா தீர்ப்பாயம் , பொஸெஶந் தேதி பிணைப்பு , மகாராஷ்டிரா ரியல் எஸ்டேட் ,