Real Estate Firm's Delay in Filing Appeal Rejected by MREAT
The Maharashtra Real Estate Appellate Tribunal (MREAT) has dismissed a real estate firm's application for condonation of delay in filing an appeal against MahaRERA's order to pay interest to home buyers for delayed possession.
MahareraMreatAgile Real EstateHome BuyersReal Estate RegulationReal Estate MaharashtraMay 16, 2025
Frequently Asked Questions
What is the MahaRERA?
The Maharashtra Real Estate Regulatory Authority (MahaRERA) is a regulatory body established under the Real Estate (Regulation and Development) Act, 2016, to protect the interests of home buyers and promote transparency and accountability in the real estate sector.
Why did MahaRERA order Agile Real Estate to pay interest to home buyers?
MahaRERA ordered Agile Real Estate (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 the flats.
What is the MREAT's role in this case?
The Maharashtra Real Estate Appellate Tribunal (MREAT) is an appellate body that hears appeals against orders passed by MahaRERA. In this case, MREAT rejected AREPL's application for condonation of delay in filing an appeal against MahaRERA's order.
What reasons did AREPL give for the delay in filing the appeal?
AREPL claimed that a medical emergency involving a family member of the advocate on record prevented them from filing the appeal on time. However, MREAT dismissed this claim, stating that the firm had the necessary resources to engage other advocates to file the appeal within the limitation period.
What is the significance of this ruling for the real estate sector?
This ruling highlights the importance of strict adherence to legal deadlines and the need for real estate firms to take proactive measures to ensure compliance with regulatory orders. It serves as a cautionary tale for other firms to avoid similar pitfalls and maintain a high standard of conduct.
Related News Articles
Godrej Group's Restructuring Gets Green Light from Competition Commission
The Competition Commission of India has approved the Godrej group's internal restructuring, which will see the 127-year-old conglomerate split between two branches of the founding family.
Mumbai: Two Nigerians Arrested with Drugs Worth Over Rs 5 Crores
Mumbai: Two Nigerian nationals have been arrested in a major drug bust in Mumbai, with the seized drugs valued at more than Rs 5 crores. The operation was conducted by the Mumbai police, which has been ramping up efforts to combat drug trafficking in the
Bhopal: 52 Kg Gold, ₹10 Crore Cash Seized from Abandoned Car: Links to High-Profile Case Unveiled
The Income Tax (IT) department has made a significant seizure of 52 kilograms of gold and ₹10 crore in cash from an abandoned car in Bhopal. The haul is believed to be linked to an ongoing high-profile case.
Emerging Trends in Indian Real Estate for 2024 and Beyond
The Indian real estate market is witnessing a significant transformation, making luxury properties in cities like Delhi-NCR, Mumbai, and Bangalore more appealing to both investors and homebuyers. Here’s a detailed look at the trends shaping the sector in
Only 7 Million Women Among 71 Crore Workers in Indian Real Estate: Report
Despite the significant employment in the Indian real estate sector, which employs 71 million workers, only 7 million are women, indicating a low Female Labour Force Participation (FLFP) in the industry.
Enzyme Office Spaces Leases 14,000 Sq Ft to SUGAR Cosmetics
Enzyme Office Spaces, a leading co-working space provider, has leased out 14,000 square feet of its premium office space to SUGAR Cosmetics. With a presence in major cities like Bengaluru, Mumbai, Hyderabad, and Delhi-NCR, Enzyme Office Spaces offers flex