REAT Rules Successor Developer Must Honour Original Allotment

A long-pending housing dispute in Mumbai was finally resolved by the Real Estate Appellate Tribunal (REAT).

A woman named Sangeeta Punjabi had booked a flat in 2010, but the project was stalled for years.

The original developer, M/s Super Constructions, transferred the development rights to a new promoter, M/s Sai Enterprises, in 2017.

The new promoter launched a different project and refused to honour the old booking, claiming they were not liable.

However, the REAT ruled that the new promoter must honour the original allotment and allot a flat of equivalent area to Sangeeta Punjabi.

The new developers were also ordered to pay interest on the amount paid by the homebuyer from 2013 until possession is handed over.