MahaRERA Orders Lodha Group to Refund Homebuyers

Imagine you wanted to buy a new apartment from a company called Lodha, but you needed a loan to pay for it.

You paid some money to reserve the apartment.

But then, the bank said you couldn't get the loan.

You asked Lodha to give your money back because you couldn't buy the apartment anymore.

Lodha said no, because of a rule that lets them keep some money.

However, the special group that looks out for homebuyers, MahaRERA, stepped in.

They said that Lodha's rule was unfair.

They ordered Lodha to give you back your money plus some extra for waiting.

MahaRERA is there to help protect people who are buying homes and make sure things are fair.