The Maharashtra Real Estate Appellate Tribunal (MREAT) has rejected the applications by Agile Real Estate (AREPL) to condone the delay in filing appeals against a July 2024 order. The order, issued by MahaRERA, directed AREPL to pay interest to home buyers for the delay in handing over possession of flats in the 'Immensa D' project in Thane.
Real EstateMreatMahareraAgile Real EstateHome BuyersReal Estate MumbaiMay 16, 2025
The Maharashtra Real Estate Appellate Tribunal (MREAT) is a judicial body established under the Real Estate (Regulation and Development) Act, 2016, to hear appeals against orders passed by the Maharashtra Real Estate Regulatory Authority (MahaRERA).
MahaRERA ordered Agile Real Estate to pay interest to home buyers because the company failed to hand over possession of flats in the 'Immensa D' project in Thane within the agreed timeframe, causing delays and inconvenience to the buyers.
AREPL argued that a medical contingency with a family member of the advocate on record prevented them from filing the appeal on time. However, this reason was not accepted by the tribunal.
This ruling by MREAT emphasizes the importance of timely legal action and strict adherence to procedural deadlines for real estate firms. It sets a precedent that delays in legal proceedings will not be easily condoned, even if attributed to personal circumstances.
This decision is likely to be reassuring for home buyers as it reinforces the regulatory authority's commitment to protecting their interests. It ensures that developers are held accountable for delays and must compensate home buyers for any inconvenience caused.
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