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.
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