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Right to Reserve Flat Includes Right to Withdraw, Cannot Ask Allottee to Forfeit Payment, Rules MahaRERA Tribunal

Right To Reserve Flat Includes Right To Withdraw, Cannot Ask Allottee To Forfeit Payment, Rules MahaRERA Tribunal
Moneylife Digital Team
29 April 2021
3
In a significant ruling, the Maharashtra Real Estate Appellate Tribunal (MahaREAT) held that the right to reserve a flat includes the right to cancel the reservation, hence, a builder cannot ask an allottee to forfeit the booking amount for withdrawing his reservation. In an order passer earlier this month, the MahaREAT directed Piramal Estate Pvt Ltd to return Rs5.62 lakh to a Kalwa-based couple Dinesh and Ranjana Humane. The couple had cancelled their reservation for an apartment in Vaikunth Cluster-2 at Thane due to medical emergency in the family. ....

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RERA v. NCDRC: Which Forum Should You Approach? - Consumer Protection

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The Parliament enacted the Real Estate (Regulation and
Development) Act (RERA) in 2016, with the aim of protecting the
rights and interests of consumers, along with the attainment of
uniformity and standardization of business practices and
transactions in the real estate sector. It, inter alia, endeavors
to balance the interests of the consumers and promoters by imposing
certain responsibilities on them. It seeks to establish a symmetry
of information between the promoter on one hand and a purchaser on
other, transparency of contractual conditions, setting up of ....

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S. Vanitha vs The Deputy Commissioner on 15 December, 2020

S. Vanitha vs The Deputy Commissioner on 15 December, 2020
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