MahaREAT Orders Neelkanth Constructions to Pay Interest and Execute Conveyance Deed

The Maharashtra Real Estate Appellate Tribunal has directed Neelkanth Constructions to pay interest and execute a conveyance deed in a recent ruling.

Real EstateMaharashtra Real Estate Appellate TribunalNeelkanth ConstructionsConveyance DeedInterest PaymentReal EstateOct 05, 2024

MahaREAT Orders Neelkanth Constructions to Pay Interest and Execute Conveyance Deed

Real Estate:The Maharashtra Real Estate Appellate Tribunal (MahaREAT) has issued a directive to Neelkanth Constructions, instructing the company to pay interest and execute a conveyance deed. This decision was made by a tribunal comprising Justice Shriram R. Jagtap (Judicial Member) and Shrikant M Deshpande (Technical Member).\n\n Information\n\nThe Maharashtra Real Estate Appellate Tribunal was established under the Real Estate (Regulation and Development) Act, 2016, with the aim of resolving disputes related to real estate projects in the state. The tribunal has the power to hear appeals against orders passed by the Maharashtra Real Estate Regulatory Authority (MahaRERA).\n\nNeelkanth Constructions is a real estate development company based in Maharashtra, involved in the construction of residential and commercial projects.\n\n \n\nThe Maharashtra Real Estate Appellate Tribunal is an independent body established to provide a transparent and efficient mechanism for resolving disputes in the real estate sector. The tribunal aims to protect the interests of homebuyers and promote fair practices in the industry.\n\nNeelkanth Constructions is committed to delivering high-quality projects that meet the needs of its customers. The company strives to maintain transparency and accountability in all its dealings.\n\nKeyword Tags\n\nreal estate, Maharashtra Real Estate Appellate Tribunal, Neelkanth Constructions, conveyance deed, interest payment\n\nFAQs\n\nQ What is the Maharashtra Real Estate Appellate Tribunal?\nA The Maharashtra Real Estate Appellate Tribunal is an independent body established to resolve disputes related to real estate projects in Maharashtra.\n\nQ What is the role of the tribunal in this case?\nA The tribunal has directed Neelkanth Constructions to pay interest and execute a conveyance deed.\n\nQ What is a conveyance deed?\nA A conveyance deed is a document that transfers ownership of a property from one party to another.\n\nQ Why is Neelkanth Constructions required to pay interest?\nA The company is required to pay interest as per the directive issued by the tribunal.\n\nQ What is the aim of the Maharashtra Real Estate Appellate Tribunal?\nA The aim of the tribunal is to protect the interests of homebuyers and promote fair practices in the real estate industry.

Frequently Asked Questions

What is the Maharashtra Real Estate Appellate Tribunal?

The Maharashtra Real Estate Appellate Tribunal is an independent body established to resolve disputes related to real estate projects in Maharashtra.

What is the role of the tribunal in this case?

The tribunal has directed Neelkanth Constructions to pay interest and execute a conveyance deed.

What is a conveyance deed?

A conveyance deed is a document that transfers ownership of a property from one party to another.

Why is Neelkanth Constructions required to pay interest?

The company is required to pay interest as per the directive issued by the tribunal.

What is the aim of the Maharashtra Real Estate Appellate Tribunal?

The aim of the tribunal is to protect the interests of homebuyers and promote fair practices in the real estate industry.

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