1 month ago

MahaRERA Orders Chembur Developer to Hand Over Flat

MahaRERA Orders Chembur Developer to Hand Over Flat
Mumbai Real Estate: MahaRERA Orders Chembur Developer To Hand Over Flat, Pay Delay Interest To Homebuyer · freepressjournal.in

A homebuyer in Mumbai, Narendra Pandurang Kadam, bought a flat in a project called Vardhan Heights.

The developer, Vardhan Housing, was supposed to give him the flat by December 31, 2021, but didn't.

The homebuyer paid almost all the money but still didn't get the flat.

The developer said there were legal problems and delays because of Covid-19.

But the court, MahaRERA, said the developer had to give the flat within 30 days and pay extra money for the delay.

The court also said the developer had to pay Rs 20,000 for the homebuyer's legal costs.

Key facts

Complainant
Narendra Pandurang Kadam
Developer
Vardhan Housing
Project Name
Vardhan Heights
Flat Details
Flat No. 310, 29.77 sq. metres, B-Wing
Total Consideration
Rs 64 lakh
Agreement Date
November 15, 2019
Possession Date
December 31, 2021
Occupation Certificate Date
September 16, 2025
Interest Rate
SBI MCLR plus 2%
Litigation Costs
Rs 20,000

Quotes

MahaRERA

Official of the Maharashtra Real Estate Regulatory Authority

“Mere pendency of litigation, in the absence of any injunction or stay order affecting the project, cannot automatically absolve the Respondent from its statutory obligation to deliver possession within the agreed timeline.”
freepressjournal.in

Sources

Related news