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RERA: How to file complaints and get justice using the fast track conciliation

RERA: How to file complaints and get justice using the fast track conciliation
moneylife.in - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from moneylife.in Daily Mail and Mail on Sunday newspapers.

Sulaiman Bhimani , Citizens Justice Forum , Moneylife Foundation , Maharashtra Chamber , Development Act , National Real Estate Development Council , Real Estate , Citizens Justice , Both Mr Bhimani , Effective Complaint Filing , Consumer Guidance Cell , Mumbai Grahak Panchayat , Maharashtra Ownership , Flats Act , Consumer Protection Act , Housing Industry , Real Estate Developers Association , சுலைமான் பீமானி , குடிமக்கள் நீதி மன்றம் , மகாராஷ்டிரா அறை , வளர்ச்சி நாடகம் , தேசிய ரியல் எஸ்டேட் வளர்ச்சி சபை , ரியல் எஸ்டேட் , மும்பை கிரஹக் பஞ்சாயத்து , மகாராஷ்டிரா ஓநர்‌ஶிப் , குடியிருப்புகள் நாடகம் ,

Possession date binding on builder: RERA tribunal | Mumbai News

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 ....

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Possession date binding on builder: RERA tribunal direct to refund amounts paid by two buyers with interest

Possession date binding on builder: RERA tribunal direct to refund amounts paid by two buyers with interest
BySwati DeshpandeSwati Deshpande / Updated: Jan 18, 2021, 07:28 IST
rera
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, s ....

Sumant Kolhe , Shivai Nagar , Bannerghatta National Park , Real Estate Appellate Tribunal , Real Estate , Bandra Kurla Complex Cyber Police , Maharashtra Ownership , Bannerghatta National , Flat Buyers , Palava Lakeside , சுமந்த் கொள்ே , ஷிவாய் நகர் , பன்னேரகாட்ட தேசிய பூங்கா , ரியல் எஸ்டேட் மேல்முறையீடு தீர்ப்பாயம் , ரியல் எஸ்டேட் , பாந்த்ரா குர்லா சிக்கலான சைபர் போலீஸ் , மகாராஷ்டிரா ஓநர்‌ஶிப் , பன்னேரகாட்ட தேசிய , தட்டையானது வாங்குபவர்கள் , பலாவா ஏரி ,

MahaRERA Asks Nirmal Lifestyle to Pay 9% Interest Since 2006 to Homebuyer for Delayed Possession

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 says that interest has to be paid on the total consideration of about Rs28.13 lakh that was paid from 2006 till the date of handing over of possession. The developer was represented by advocate Atharva Dandekar and advocate Vaishali Mohite, who said that the apartment would be completed by December 2021. ....

Andhra Pradesh , Atharva Dandekar , Yojana Shinde , Vaishali Mohite , Supreme Court , Maharashtra Real Estate Regulatory Authority Maha , Moneylife Digital Team , Nirmal Lifestyle Ltd , Nirmal Lifestyle , Interest Since , Delayed Possession , Real Estate Regulatory Authority , Nirmal Lifestyle Blu Diamond One , Anild Souza , Real Estate , Maharashtra Ownership , Flats Act , Mutual Fund Returns , Bank Fixed Deposits , Investor Returns , Portfolio Allocation , ஆந்திரா பிரதேஷ் , அதர்வா தண்டேகர் , யோஜனா ஷிந்டே , வைஷாலி மோஹைட் , உச்ச நீதிமன்றம் ,