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Plot owner or society not liable in case of default by builder

Plot owner or society not liable in case of default by builder

MUMBAI: Faced with litigation, the Maharashtra Real EstateRegulatory Authority (MahaRERA) has informed the Bombay high court that it has rolled back a May 2017 order that had the effect of holding a housing society or plot owner responsible for violations or irregularities committed by the developer under the new housing regulation law. In an affidavit filed before the […]

Maha RERA makes only developer, not land owner, answerable to homebuyers

Maha RERA makes only developer, not land owner, answerable to homebuyers

Maharashtra Real Estate Regulatory Authority (MahaRERA) has withdrawn its office order making land owners equally liable as that of builders and developers Maharashtra Real Estate Regulatory Authority (MahaRERA) has withdrawn its office order making land owners equally liable as that of builders and developers under the Real Estate (Regulation and Development) Act, 2016, the Bombay […]

MahaRERA orders Neptune to give home buyers flats in other wings

MahaRERA orders Neptune to give home buyers flats in other wings

The Neptune 100 Above Buyers’ Welfare Association, set up by 53 home buyers who had booked apartments in Neptune Eleve’s B wing in Kanjurmarg in suburban Mumbai In a first ruling on a complaint filed by an association of home buyers, Maharashtra Real Estate Regulatory Authority (MahaRERA) has directed Neptune Ventures and Developers Private Limited, which failed to give promised […]

‘Price of flat not relevant in case of claim for refund’

‘Price of flat not relevant in case of claim for refund’

Ruhi Seth had booked an apartment in a housing projected to be constructed by Ireo Grace Realtech, a private construction company. Out of the total agreed consideration of Rs 1,84,44,568, Seth had paid Rs 33,56,942. When the builder sent the draft of the agreement, Seth objected to certain clauses, refused to sign the agreement and sent it […]

RERA has revived home sector demand

RERA has revived home sector demand

SBI is seen to be among the major gainers from the government’s move to inject equity into state-run banks to enable them to lend more and spur economic activity. In an interview with TOI, Rajnish Kumar, the newly-appointed chairman of the country’s largest bank, talks about signs of change in the economic situation and expects […]

With RERA help, 2 home buyers get refund 3 yrs after cancelling booking

With RERA help, 2 home buyers get refund 3 yrs after cancelling booking

NAVI MUMBAI: After a complaint filed with Maharashtra Real Estate Regulatory Authority (MahaRERA), realty firm Nirmal Lifestyle Kalyan Pvt Ltd was on Monday forced to refund booking amounts for two flats in their project. What makes this case a rare one is that the refund has been made almost three years after the buyers had cancelled their bookings. Thane […]

HC sets 2021 deadline for builder in Powai

HC sets 2021 deadline for builder in Powai

MUMBAI: The Bombay High Court on Tuesday directed Lakeview Developers run by the Hiranandani group to construct around 2,398 affordable houses in Powai before June 1, 2021, according to the undertaking given by them. The developer will have to build around 887 flats of 861 square feet each and 1,511 flats of 430 square feet each.A specified number of flats would have […]