6 days ago

NCDRC Grants Interim Relief in Alta Monte Flat Dispute

NCDRC Grants Interim Relief in Alta Monte Flat Dispute
Mumbai: NCDRC Grants Limited Interim Relief To Alta Monte Developers, Orders ERA Realtors To Deposit Decretal Amount · freepressjournal.in

Homebuyers complained that developers had not given them their promised flats on time.

A consumer commission earlier ordered the developers to complete the sale agreements and hand over the flats.

It also ordered interest and other payments in at least one case.

The developers appealed that decision to the National Consumer Disputes Redressal Commission.

The NCDRC has temporarily paused some steps related to handing over possession.

This pause lasts only until the next hearing and is not a final decision.

ERA Realtors must place the required money with the commission within four weeks.

The money will be kept in a fixed deposit at a nationalised bank.

The case will be heard again on October 29.

Key facts

Commission
National Consumer Disputes Redressal Commission (NCDRC)
Project
Alta Monte
State Commission order
July 29, 2025
Deposit deadline
Within four weeks, after credit for amounts already deposited
Interest awarded
8% annually on more than Rs 1.42 crore from April 1, 2018, until actual possession
Next hearing
October 29
Deposit arrangement
The Registry will keep the deposited amount in a fixed deposit with a nationalised bank

Sources

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