Real Estate Monthly Digest: January 2025

Maharashtra Real Estate Appellate Tribunal MahaREAT Imposes Penalty Of Rs. 5 Lakhs On Spenta Builders For Violating Airport Authority Of India Height Restrictions Case – Sagar Sarjerao Nikam & anr Versus Spenta Builders Private Limited Citation – Appeal No. AT006000000042033/2020 Maharashtra Real Estate Appellate Tribunal (Tribunal) comprising Justice Shriram R. Jagtap (Judicial Member) and Shrikant M. Deshpande (Technical Member) imposed a penalty of Rs. 5 lakhs on Spenta Builders for violating the height No Objection Certificate (NOC) by the Airport Authority of India (AAI). MahaREAT - Society That Owns Land On Which It Is Established and Authorizes Developer For Redevelopment Falls Under Definition Of Promoter Case – M/S New Sangeeta CHS Ltd Versus Kushal M. Haria & others Citation – Appeal No. AT006000000031756/19 Maharashtra Real Estate Appellate Tribunal (Tribunal), comprising Justice Shriram R. Jagtap (Judicial Member) and Shrikant M. Deshpande (Technical Member) has held that society owning land and authorizing a developer for redevelopment falls under the definition of Promoter under Section 2(zk) of RERA,2016. Haryana Real Estate Regulatory Authority Haryana RERA Directs Ansal Builders To Hand Over Possession And Pay Interest For Delay Case – Sanjeev Ganguly & Anr Versus M/s Ansal Townships Infrastructure Private Limited Citation – Complaint No: 7354 of 2022 Haryana Real Estate Regulatory Authority (Authority) bench, comprising Ashok Sangwan (Member) has directed M/s Ansal Townships Infrastructure Private Limited to hand over possession within two months after obtaining the occupancy certificate and pay interest to the homebuyer for the delay in handing over possession. As per the agreement signed by the homebuyer in May 2012, the builder was supposed to hand over possession of the flat by November 2017. Haryana RERA Directs Ocean Seven Buildtech To Pay Interest To Seven Homebuyers For Delayed Possession Case – Richa Arora Versus M/s Ocean Seven Buildtech Private Limited & 6 others Citation – Complaint No. 4217 of 2021 & 6 others Haryana Real Estate Regulatory Authority (Authority) bench comprising Arun Kumar (Chairman), Ashok Sangwan (Member) and Vijay Kumar Goyal (Member) has directed Ocean Seven Buildtech to pay interest to the seven homebuyers of the Golf Heights project located at Sector 69, Gurugram for the delay in handing over possession. Haryana RERA Orders Agrante Developers To Refund Amount Paid By Homebuyer Case – Lt. Col Rohit Sharma Versus M/S Agrante Developers Private Limited Citation – Complaint No: 1146 of 2022 Haryana Real Estate Regulatory Authority (Authority) bench, comprising Arun Kumar (Chairman), has directed Agrante Developers to refund Rs.9.47 Lakhs with interest to homebuyer who purchased a flat in their Beethoven's 8 Project. Haryana RERA Directs Emaar India To Pay Interest To Homebuyer Of Emerald Hills Floors Project Case – Bidisha Biswas & Anr Versus Emaar MGF Land Ltd (Presently Known as Emaar India Ltd] Citation – Complaint No: 7323 of 2012 Haryana Real Estate Regulatory Authority (Authority) bench, comprising Vijay Kumar Goyal (Member), has directed M/s Emaar India Ltd to pay interest to homebuyer from its Emerald Hills Floors Project for delayed possession. Homebuyer Forced To Vacate Flat After Taking Possession Due To Unsafe Construction, Haryana RERA Directs NBCC To Pay Compensation Case – Saurabh Mehta & Jai Parkash Mehta Versus M/s. NBCC (INDIA) LIMITED Citation – Complaint No.82 of 2023 Haryana Real Estate Regulatory Authority (Authority) Bench, Comprising of Rajender Kumar (Adjudicating Officer) has directed National Buildings Construction Corporation Limited (NBCC) to compensate the homebuyer for rental expenses and mental agony after they were forced to vacate their flat as the project was found unsafe for living due to its unsafe construction after taking possession. NBCC is a Public Sector Undertaking (PSU) in real estate and it has multiple projects across Delhi NCR and other parts of India. Haryana RERA Orders Emaar MGF To Pay Interest To Homebuyer For Delayed Possession Case – Dr. Shybal Das Versus M/s Emaar MGF Land Limited Citation – Complaint No: 671 of 2023 Haryana Real Estate Regulatory Authority (Authority) bench, comprising Vijay Kumar Goyal (Member) has directed Emaar MGF Land Limited to pay interest to the homebuyer for the delay in handing over possession. Haryana RERA Directs Imperia Structures To Pay Assured Returns To Complainant Case – Shasi Vats & anr Versus M/s Imperia Structures Limited Citation – Complainant 1525 of 2023 Haryana Real Estate Regulatory Authority (Authority) bench, comprising Vijay Kumar Goyal (Member) directed Imperia Structures to pay assured returns to complainant who purchased an office in their project under the Assured Returns scheme. ...

Real Estate Monthly Digest: January 2025

Aryan Raj

Tags