The Maharashtra Real Estate Regulatory Authority (Maharera) has ruled that if the promised facility is not constructed within a reasonable period, a home buyer can demand a refund of the money collected by the developer for the proposed club house.MahaRERA has ruled that if the promised facility is not constructed within a reasonable period, a home buyer can demand a refund of the money collected by the...
The size of an advertisement or the fact that it was published for free does not absolve a real estate developer from its obligation to prominently display the mandatory RERA registration details, the Maharashtra Real Estate Regulatory Authority (MahRERA) has come out with a rule saying. ₹Pune-based developer fined Rs 15,000.MahaRERA has said that the size or cost of advertisement does not exempt real...
Maharashtra Real Estate Regulatory Authority (Maharera) has said it does not have the jurisdiction to direct real estate developers to restrict tenants or guests from accessing common facilities like club houses, noting that the Real Estate (Regulation and Development) Act, 2016 does not confer such powers on the authority.MahaRERA has said it does not have the jurisdiction to direct real estate developers...
Legal experts advise home buyers to verify that the number of flats and floors in their agreement for sale matches the approved building plan before purchasing a property.Legal experts advise home buyers to verify that the number of flats and floors in their agreement for sale matches the approved building plan before purchasing a property. (Photo for representational purposes only) (Gemini born photo)This...
Can a real estate developer skip the number 13 as it is considered unlucky? Maharashtra Real Estate Regulatory Authority (MAHARERA) believes that not after the building plan is approved.MahaRERA observed that if the developer believed the number 13 to be unlucky, he should have included it in the design of the building before seeking approval for the plans. (Photo for representational purposes only)...
In a significant judgment separating genuine buyers from financial investors, the Maharashtra Real Estate Regulatory Authority (MaHARERA) said investors entering into commercial funding arrangements disguised as flat bookings cannot invoke the provisions of the Real Estate (Regulation and Development) Act, 2016, to seek refunds from a developer.MahaRERA) held that investors entering into commercial funding...
The Maharashtra Real Estate Regulatory Authority (MaHARERA) has clarified that if substantial disputes arise with respect to changes in the layout and design of the property after booking, home buyers can demand a refund, especially when such changes lead to a complete breakdown of the contractual relationship between the parties.MahaRERA has clarified that if major disputes arise regarding changes in the...
The Maharashtra Real Estate Regulatory Authority (MahRERA) has clarified that a developer is entitled to file a review application, but the scope of such review is limited by the provisions of the RERA Act and its rules. The Authority observed that review proceedings cannot be used as a veiled appeal for re-appreciation of facts, evidence or legal issues already considered and decided in the final order....
A Pune-based real estate developer has claimed to have refunded the entire amount paid by a home buyer, who went missing days before taking possession of his house after allegedly suffering a huge gambling loss. According to the developer, the booking was cancelled, and a full refund was processed after a relative of the buyer sought assistance in the matter.Pune Real Estate: A real estate developer has...
The Maharashtra Real Estate Regulatory Authority (Maharera) has allowed the cancellation of registration of a stalled housing project in Pune after it found that all the home buyers had either refunded the money or settled their claims, and no objection was received to the developer's request to cancel the registration of the project.MahaRERA allowed cancellation of registration of a stalled residential...