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Both directors have been held on complaints of 34 homebuyers who have not got possession of homes they booked in the projects of Nirmal Lifestyle. ....
The complaint states that homebuyers made booking for flats in 2011 and paid the amount for the same, however, neither the project began nor were they given possession of any house ....
The buyers had paid under Rs 20 lakh each so far. MUMBAI: Is the development manager who signs an agreement with a builder for exclusive rights to sell flats liable to pay compensation to the buyer in case of delay or does liability rest only with the builder? A RERA order on March 5 said both were liable in a Mulund project, reports Swati Deshpande. MahaRERA directed the development manager, a subsidiary of Shapoorji Pallonji Group, and Nirmal Developers, to refund the money paid by four flat purchasers with 9% interest for delay in construction and possession of flats. MahaRERA member B D Kapadnis said the DM would be considered a ‘promoter’ of the project along with the builder Nirmal Developers. It directed that the SP subsidiary be added as promoter on the web page of the project within 30 days of the order.Four flat purchasers who had booked apartments in ‘Mumbai Dreams Olympia C & D’ in Mulund west moved RERA last year alleging delay in construction. ....