RERA Weekly Round Up – July 15 To July 21, 2024

Karnataka Real Estate Regulatory Authority Failure To Provide Possession Within 12 Months, Karnataka RERA Orders Builder To Refund Amount Paid By Homebuyer Case – Dhimosh Mangadan & anr. Versus GVG Infrastructure Pvt Ltd Karnataka Real Estate Regulatory Authority (Authority) bench, comprising GR Reddy (Member), has directed GVG Infrastructure Pvt. Ltd., the builder, to refund the amount paid by the homebuyer to purchase the flat, along with interest, after the builder failed to provide possession on time. As per the agreement of sale signed between the builder and the homebuyer, the builder was supposed to hand over possession within 12 months.6-Year Delay In Providing Possession, Karnataka RERA Orders Builder To Pay Interest, Hand Over Possession Of Flat To Homebuyer Case – Ivan Dsouza & anr Versus Shashwati Realty Pvt Ltd. Karnataka Real Estate Regulatory Authority (Authority) bench, comprising GR Reddy (Member), has directed Shashwati Realty Pvt Ltd., the builder, to pay interest to the homebuyer for their failure to hand over possession of the flat on time. Additionally, the authority also directed the builder to execute the sale deed and hand over possession to the homebuyer. Haryana Real Estate Regulatory Authority9-Year Delay In Handing Over Possession, Haryana RERA Orders Builder To Pay Interest To Homebuyer Case – Gulshan Dua Versus M/s Tashee Land Developers Pvt. Ltd. & another Haryana Real Estate Regulatory Authority (Authority) bench, comprising Vijay Kumar Goyal (Member), has directed M/s Tashee Land Developers Pvt. Ltd., the builder, to pay interest to the homebuyer for the 9-year delay in providing possession of the flat. As per the agreement, the builder had promised to provide possession by June 2015.Haryana RERA Upholds Cancellation Of Flat's Booking, Orders Builder To Refund After Deducting 10% Of The Basic Sales PriceCase – Rajat Verma Versus Suposhaa Realcon Private Limited.Haryana Real Estate Regulatory Authority (Authority) bench, comprising Ashok Sangwan (Member), has upheld builder's cancellation of the homebuyer's flat booking after the homebuyer failed to make timely payments. Additionally, the Authority directed builder to refund the amount paid by the homebuyer after deducting 10% of the total basic sales price of the flat.Haryana RERA Orders Raheja Developers To Pay Interest To Homebuyer For Delayed PossessionCase – Deepak Kataria Versus M/s Raheja Developers Limited.Haryana Real Estate Regulatory Authority (Authority) bench, comprising Ashok Sangwan (Member), has directed M/s Raheja Developers Limited, the builder, to pay interest to the homebuyer for the delay in handing over possession. The homebuyer had purchased a flat in the Raheja Revanta project and was expecting possession by February 2017.Haryana RERA Upholds Emaar India's Termination Of Flat Booking After Homebuyer Failed To Make Timely PaymentsCase – Ashok Bindra & anr Versus M/s Emaar MGF Land Ltd.Haryana Real Estate Regulatory Authority (Authority) bench, comprising Ashok Sangwan (Member), upheld M/s Emaar MGF Land Ltd., the Builder termination of the flat booking after the homebuyer failed to fulfill timely payment obligations. The homebuyer had booked a flat in the builder's Palm Gardens Project and paid 13 lakhs out of the total cost of the flat.Haryana RERA – Homebuyers Can Claim Interest For Delayed Possession After Execution Of Conveyance DeedCase – Gurpreet Kaur Versus M/s. Anant Raj Ltd. While directing Anant Raj Builder to pay interest to the homebuyer for delayed possession, Haryana Real Estate Regulatory Authority (Authority) bench, comprising Ashok Sangwan (Member), held that the execution of a conveyance deed does not end the builder's liabilities and obligations towards the flat. A Conveyance deed is a legal document used to transfer ownership of property from one party to another.Haryana RERA Orders Magic Info Solutions To Refund Amount Paid By Homebuyer Of Godrej Summit Case – Yogesh Kochhar Versus M/s Godrej Premium Builders Pvt. Ltd. & others Haryana Real Estate Regulatory Authority (Authority) bench, comprising Sanjeev Kumar Arora (Member), has directed Magic Info Solutions to refund the amount paid by the homebuyer, along with interest. The homebuyer had booked a flat in the Godrej Summit project, a joint venture between Godrej and Magic Info, and had made payments to Magic Info. Punjab Real Estate Regulatory AuthorityDelay Of 4 Years In Offering Possession, Punjab RERA Orders Builder To Pay Compensation To Homebuyer For Mental AgonyCase – Niklesh Dubey & anr Versus M/s Sushma Buildtech LimitedPunjab Real Estate Regulatory Authority (Authority) bench, consisting of Balbir Singh (Adjudicating Officer), has directed M/s Sushma Buildtech Limited, the builder, to compensate the homebuyers for the mental agony and harassment endured due to a four-year delay in offering...

RERA Weekly Round Up – July 15 To July 21, 2024

Aryan Raj