The National Anti-Profiteering Authority (NAA) has asked Larsen & Toubro (L&T) Parel Project LLP and Omkar Realtors Developers Pvt Ltd to refund Rs30.76 crore with interest to 850 investors in their Crescent Bay project.
The National Anti-Profiteering Authority (NAA) has asked Larsen & Toubro (L&T) Parel Project LLP and Omkar Realtors Developers Pvt Ltd to refund Rs30.76 crore with interest to 850 investors in their Crescent Bay project.
Mumbai: MahaRERA asks Omkar Realtors to compensate homebuyers for delay in possession of flat
Mumbai: MahaRERA asks Omkar Builders to compensate homebuyers for delay in possession of flat
Mumbai: The Maharashtra Real Estate Regulatory Authority (MahaRERA), Mumbai has bestowed big relief to two homebuyers of same family by entitling them compensation through interest payment on their invested amount over delayed possession of their booked apartment in a luxury project Alta Monte and Signet at Malad.
The regulatory authority, however, also justified that since the project is nearing for completion and paying interest at this juncture may affect project completion. Thus, liberty has been granted to builders to adjust the interest amount along with the outstanding dues payable by the homebuyer to prevent any jeopardy.