Maharashtra Real Estate Appellate Tribunal Rejects Realty Firm's Delay in Filing Appeal

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

Maharashtra Real Estate Appellate Tribunal Rejects Realty Firm's Delay in Filing Appeal

Real Estate Mumbai:The Maharashtra Real Estate Appellate Tribunal (MREAT) recently issued a ruling that has significant implications for real estate firms operating in the state. In a recent order, MREAT rejected several miscellaneous applications by Agile Real Estate (AREPL) seeking condonation of delay in filing appeals against a July 2024 order. This order, issued by the Maharashtra Real Estate Regulatory Authority (MahaRERA), directed AREPL to pay interest to home buyers who had invested in the 'Immensa D' project in Thane, due to the delay in handing over possession of flats.nnHome buyers in the 'Immensa D' project were represented by advocate Vinod Talreja in the tribunal. In their judgment, MREAT chairperson SS Shinde and member Shrikant Deshpande highlighted several key points. They noted that the applicant, AREPL, failed to provide a convincing explanation for why they did not apply for a certified copy of the order between July 29 and August 12, 2024, when the old system of MahaRERA was still operational for submitting online applications.nnAREPL had argued that a medical contingency with a family member of the advocate on record prevented them from filing the appeal on time. However, the tribunal was not persuaded by this argument. MREAT pointed out that the promoter had all the necessary resources to engage other advocates to file the appeals within the limitation period, which they eventually did. The tribunal further observed that AREPL obtained the certified copy on September 23, 2024, but did not file the appeal until January 2025.nnThe tribunal emphasized that the applicant failed to act diligently in preferring the appeals against the impugned order within the limitation period, thereby failing to protect their rights to appeal. This ruling underscores the importance of timely legal action in real estate disputes and the strict adherence to procedural deadlines.nnThis decision by MREAT is likely to have a ripple effect on other real estate firms facing similar issues. It sets a precedent that delays in legal proceedings, even if attributed to personal circumstances, will not be easily condoned. Home buyers, on the other hand, are likely to find this decision reassuring, as it reinforces the regulatory authority's commitment to protecting their interests.nnThe 'Immensa D' project, located in Thane, has been a focal point of controversy due to delays in project completion and the subsequent legal battles. MahaRERA's order to pay interest to home buyers is a step towards ensuring that developers adhere to their commitments and face consequences for failing to do so.nnIn conclusion, this ruling by MREAT serves as a reminder to real estate firms to be proactive and diligent in their legal and regulatory compliance. It also highlights the importance of timely action in legal matters to protect one's interests.

Frequently Asked Questions

What is the Maharashtra Real Estate Appellate Tribunal (MREAT)?

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).

Why did MahaRERA order Agile Real Estate to pay interest to home buyers?

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.

What was the reason given by AREPL for the delay in filing the appeal?

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.

What does this ruling mean for real estate firms in Maharashtra?

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.

How does this decision impact home buyers?

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.

Tags:

Related News Articles

Real Estate Maharashtra

GST Council to Reconstitute Crucial Ministerial Groups Amidst Cabinet Reshuffle

The GST Council needs to reorganize three critical Groups of Ministers (GoMs) focusing on GST revenue analysis, real estate sector, and GST system reforms following the induction of new ministers from 11 states.

June 23, 2024

Read Article

Real Estate

China's Real Estate Stimulus Boosts Indian Steel Sector

Mumbai: Indian steelmakers are benefiting from China’s real estate stimulus package as Chinese steel prices rise above domestic levels for the first time in months.

October 21, 2024

Read Article

Real Estate Mumbai

Can I Claim HRA Exemption for Rent Paid to Parents?

This comprehensive guide will help you understand the eligibility criteria and steps to claim HRA exemption if you are paying rent to your parents for the property you are staying in.

November 10, 2024

Read Article

Real Estate Maharashtra

BJP's Maharashtra Victory: How It May Impact Investors and the Market

Following a strong electoral performance in Haryana, the BJP secured a significant victory in Maharashtra, which is expected to support the central government’s development agenda. However, Kotak Institutional Equities warns that the market may still face

November 25, 2024

Read Article

Real Estate Pune

Pune Property Prices Reach New Heights Despite Slowing Sales

Pune's real estate market has witnessed a significant surge in property prices, rising by 40% over the past five years. Despite this, sales have been on a downward trend, raising concerns among buyers and developers alike.

January 14, 2025

Read Article

real estate news

Visionary Insights: Sudarshan Venu on the Future of EVs in India

Sudarshan Venu, Managing Director of TVS Motors, shares his insights on the future of electric vehicles in India, emphasizing the potential and challenges of the 2-wheeler segment.

March 26, 2025

Read Article