MahaRERA Slaps Gagan Housing, Orders Flats & Interest for 18 Buyers

What actually happened?

18 homebuyers at Gagan Klara in Balewadi approached MahaRERA after facing prolonged delays in getting possession of their flats.

The regulatory authority has now issued a firm directive to the developer, Gagan Housing and Landmarks LLP.

The builder must hand over the flats complete with occupancy certificates and also pay the statutory interest for the delay.

• MahaRERA rejected the builder's arguments blaming COVID-19 and general regulatory delays as excuses for the non-completion.
• It was noted that the project's RERA registration had lapsed during this period.

What it means for buyers

For the 18 affected buyers, this order is a major victory. It guarantees they will get their homes with all legal clearances (OC) and financial compensation for the waiting period.

For other buyers in the same project who are not part of this specific complaint, the order sets a clear precedent. They are also entitled to delay interest until they receive possession with the occupancy certificate.

This strengthens the position of homebuyers across Maharashtra dealing with delayed projects.

What to watch next

The immediate next step is compliance. Gagan Housing must now execute the possession handover and calculate and pay the interest dues.

Buyers should verify the occupancy certificate is genuine and check for any outstanding payments or society formation steps.

This case reinforces MahaRERA's stance against using the pandemic as a blanket excuse for indefinite delays, which may impact other stalled projects.