Recent decisions by various state RERA authorities highlight the ongoing efforts to protect homebuyers' rights and ensure compliance by developers. This week, notable actions include refunds, penalties, and settlements in Haryana, Telangana, West Bengal,
Real EstateReraHomebuyersDevelopersRefundsReal Estate MaharashtraNov 27, 2024
Haryana RERA ordered Raheja Developers to refund three homebuyers who purchased flats in the Raheja Revanta Project in 2012. The refunds include interest due to the significant delay in handing over possession.
Telangana RERA imposed a penalty of ₹17.88 lakhs on Sterling Homes for delays in project completion and deviations from the sanctioned plan, particularly the merging of a clubhouse facility meant for Phase I homebuyers with Phase II.
The West Bengal REAT facilitated a settlement between Smt. Seema Pandey and the builder, M/s P.S. Group Realty Pvt. Ltd., regarding the termination of her flat booking due to non-payment of the total consideration on time.
Karnataka RERA directed Ozone Urbana Infra Developers to refund ₹1.08 crores to A Hanumantha Char, who faced delays in receiving possession of his flat in the Bengaluru Rural project.
Maharashtra RERA directed the Pune Housing and Area Development Board to rectify structural defects in a project within 30 days, as per the complaint filed by Sharad Agrawal.
Metro Group is all set to invest Rs 225 crore in a new housing project in Thane, a significant move that aims to capitalize on the growing demand for residential properties in the Mumbai Metropolitan Region. The project, named 'The Presidential,' is expec
Navin’s, a Chennai-based real estate developer, has launched its first project in Bengaluru, 'Antheia Poetry,' offering 42 luxurious condominiums. This marks the company's expansion into one of India's most dynamic and rapidly growing cities, signaling it
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