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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
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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.  ....

Sunil Kewalramani , Sumant Kolhe , Govindan Raghavan , Jabir Patel , Moneylife Digital Team , Piramal Estate Pvt Ltd , Supreme Court Pioneer Urban Land , Reserve Flat Includes Right , Cannot Ask Allottee , Forfeit Payment , Rules Maha , Maharashtra Real Estate Appellate Tribunal , Supreme Court , Pioneer Urban Land , Infrastructure Vs Govindan Raghavan , சுமந்த் கொள்ே , கோவிந்தன் ராகவன் , காபிர் படேல் , மகாராஷ்டிரா ரியல் எஸ்டேட் மேல்முறையீடு தீர்ப்பாயம் , உச்ச நீதிமன்றம் , முன்னோடி நகர்ப்புற நில ,

Possession date binding on builder: RERA tribunal | Mumbai News


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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 ,