Real Estate Navi Mumbai

RERA Orders Kharghar Developer to Refund 50 Buyers with 9% Interest

By GeoSquare News Desk · Published 2026-11-01

In a significant ruling for homebuyers in Navi Mumbai, the Maharashtra Real Estate Regulatory Authority (RERA) has directed a Kharghar-based developer to refund the full amount paid by 50 homebuyers, along with 9% interest, for the delay in possession of their flats.

The Order

The order comes after homebuyers filed complaints regarding the prolonged delay in project completion. RERA found the developer guilty of violating the terms of the agreement and directed the refund with interest, providing much-needed relief to the affected families.

Impact on Homebuyers

This decision is seen as a strong deterrent against developers who fail to meet possession deadlines. It reinforces the legal rights of buyers under RERA and encourages them to seek timely redressal. For the 50 buyers, the refund with interest will help recover their hard-earned money.

What It Means for Navi Mumbai

The ruling is expected to boost confidence among property investors in Kharghar and surrounding areas. It sends a clear message that regulatory authorities are actively monitoring project timelines and will act against errant developers, thereby promoting transparency in the real estate sector.