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Under The First MahaRERA Verdict, Builder To Return Rs.26 Lakhs To Buyer




Reliance Home finance

On 30th August, the Maharashtra Real Estate Regulatory Authority asked a Mumbai-based builders to return an advance payment of Rs 26.15 Lacs to the buyer. This was one of the first such orders since RERA came into effect in Maharashtra on 1 May this year.

31st July was the deadline for all the developers to register their ongoing projects with MahaRERA. However, the authority has registered over 13000 projects – highest in the country.

98 complains have already been received by the authority. On Wednesday the first order was issued in the case of a consumer from Khar against the developer for his project in Virar West. According to the customer he had registered his complaint under MahaRERA to get his advance back since he was facing trouble in cancelling the deal.

The complainant had booked the flat in 2012-13 and was suppose to receive the possession in 2016, informed the authorities. The authority added that the complainant wanted to cancel the project and expected the developer to reimburse the advance payment as the project was still not completed. An official said that complainant approached MahaRERA and the order was issued in his favour.

The complainant stated, “We are extremely happy that MahaRERA ruled in our favour and developer immediately issued the cheque following the order.” The complainant had filed the complaint by paying Rs.5000 on the MahaRERA website. According to MahaRERA the developer agreed to pay the amount to the complainant after three hearings by the authority.

Vasant Prabhu, MahaRERA Secretary told, “Consent terms were filed by both the parties and the developer agreed to return the amount. Accordingly, the complainant got the cheque. The complaint was heared before adjudicating officer B D Kapadanis.”

He added that this was the first decision taken after MahaRERA came into existence and it was a pro consumer one. MahaRERA stated that both the parties settled the dispute amicably and filed consent terms.

Mumbai Gharak Panchayat chairperson Shirish Despande said that they are expecting more home buyers to come forward with their grievances against the registered developers.

CREDAI-Maharashtra President Shantilal Kataria said the developers response to MahaRERA has been motivating. He further said, “Atleast 17 Lacs residential units over 1 Lac commercial units and above 2 Lac plots have been registered with MahaRERA. This is among the highest in India. We expect more developers to register soon.”

Also Read: ASK Group and TVS Emerald Join Hands To Setup Rs 400 Crore Real Estate Investment Platform

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