Punjab RERA Directs Omaxe New Chandigarh Developers To Refund Homebuyer's Money For Delayed Possession

Punjab Real Estate Regulatory Authority (“Authority”) bench comprising of Arunvir Vashista (Member) directed Omaxe New Chandigarh Developers to refund the amount paid by the homebuyer to purchase a flat in their project. Authority noted that builder had agreed to hand over possession by June 2019 under the terms of the agreement but failed to provide possession by the...

Karnataka RERA Directs Ozone Realtors To Refund 1.49 Crore To Homebuyer Due To Delayed Possession

Karnataka Real Estate Regulatory Authority (“Authority”) bench comprising of GR Reddy (Member) directed Ozone Realtors to refund Rs. 1.49 crore to the homebuyer for failing to deliver possession by the promised date in December 2021. Background Facts Homebuyer (Complainant) booked Flat in the builder's (Respondent) project named Ozone Polestar in 2018. They executed an Agreement...

Haryana RERA Directs Ocean Seven Buildtech To Refund Homebuyer's Payment After Deducting ₹25,000 Under Affordable Housing Policy

Haryana Real Estate Regulatory Authority (“Authority”) bench comprising of Phool Singh Saini (Member) clarified that when a homebuyer fails to comply with a payment demand in an Affordable Housing project, the builder may cancel the allotment only in accordance with clause 5(iii)(i) of the Affordable Group Housing Policy 2013. In such cases, the builder must refund the amount paid...

Haryana RERA Directs Emaar MGF To Refund Homebuyers After Delayed Possession Of Nearly 4 Years

Haryana Real Estate Regulatory Authority (“Authority”) bench comprising of Phool Singh Saini (Member) directed Emaar MGF to refund the amount paid by the homebuyers after the builder provided possession with a delay of about 3 years and 10 months. Authority also allowed the builder to deduct 10 percent of the basic sale consideration of the flat, which was Rs 94.60 lakh,...

Allottees Already Granted Delay Interest Not Entitled For Additional Compensation; Haryana RERA

The Haryana Real Estate Regulatory Authority (“Authority”) Adjudicating Officer, Rajender Kumar, has held that an allottees who have already been awarded interest for delayed possession by the Authority are not entitled to claim any further compensation before the Adjudicating Officer. In the present case, the complainant approached the Authority seeking additional compensation...

Karnataka RERA Directs Casa Grande To Pay Interest For Delayed Possession

Karnataka Real Estate Regulatory Authority (“Authority”) bench comprising of G.R Reddy (Member) directed Casa Grande to pay delay interest to the homebuyer for a 1 year and 3 month delay in possession. The dispute involved the cancellation of the project's Occupancy Certificate by the Bengaluru municipal corporation after the homebuyer complained about plan deviations, which led...

WBREAT: Extension Of Project Registration Under Section 6 Of RERA Cannot Exceed One Year

West Bengal Real Estate Appellate Tribunal (“Tribunal”) bench comprising Justice Rabindranath Samanta (Chairperson) and Dr. Subrat Mukherjee (Administrative Member) held that under Section 6 of the RERA Act, a project's registration cannot be extended for more than one year. Background Facts Builder (Respondent No. 1) applied for registration of its housing project...

Haryana RERA Directs Neo Developers To Pay Assured Returns And Execute Conveyance Deed In Favour Of Homebuyer

Haryana Real Estate Regulatory Authority (“Authority”) bench comprising of Arun Kumar (Chairperson) directed Neo Developers to pay assured returns of ₹26,000 per month to the homebuyer and to execute the conveyance deed in the homebuyer's favour. Monthly assured returns projects are schemes where builders promise to pay a fixed amount to homebuyers at regular intervals...

MahaRERA Holds Pune Based Builder Calyx Spaces Liable For Failing To Complete Project, Grants Relief To 60 Homebuyers

Maharashtra Real Estate Regulatory Authority (“Authority) bench comprising of Manoj Saunik (Chairperson) granted relief to 60 home buyers by holding Calyx Spaces, a Pune-based builder liable for failing to complete the project. As per the contractual terms, the builder was required to hand over possession of the flats between 2020 and 2023. Background...

Failure To Deliver Possession: Haryana RERA Orders Parsvnath Developers To Pay Monthly Returns, Execute Conveyance Deed

Haryana Real Estate Regulatory Authority (“Authority) bench comprising of Ashok Sangwan (Member) directed Parsvnath Developers to pay assured returns, hand over possession of the commercial unit, execute the conveyance deed and enter into a buyer's agreement with the complainant. The builder had sold the commercial unit under an MOU arrangement in 2006 but did not enter into...

Tamil Nadu RERA Holds Casa Grande Builders Liable For Collecting Late Fee From Homebuyer, Directs Refund With Interest

Tamil Nadu Real Estate Regulatory Authority (“Authority”) bench comprising Dr. L. Subramanian (Member) and M. Krishnamoorthy (Member) held, Casa Grande Homes liable for wrongfully charging late fee from Homebuyer despite timely payments. Authority directed the Builder to refund the charged late fee along with interest and litigation costs to the...

Haryana REAT Sets Aside RERA Order Rejecting Inspire Parking Nest's Project Registration Application Due To Lack Of Quorum

Haryana Real Estate Appellate Tribunal (“Tribunal”) bench comprising Justice Rajan Gupta (Chairperson) and Rakesh Manocha (Member–Technical) sets aside the order of Haryana Real Estate Regulatory Authority (“Authority”) rejecting the application for registration of the Commercial Colony promoted by Inspire Parking Nest Pvt. Ltd. Tribunal held that the Authority which...