RERA Weekly Round Up – July 8 To July 14,2024

Haryana Real Estate Regulatory Authority Failure To Provide Possession Within 48 Months, Haryana RERA Orders Pareena Infrastructures To Pay Interest To Homebuyer Case – Rajat Walia & another Versus M/s Pareena Infrastructures Pvt. Ltd. Haryana Real Estate Regulatory Authority (Authority) bench, comprising Ashok Sangwan (Member), has directed Pareena Infrastructures Pvt. Ltd, the builder, to pay interest to the homebuyer for the delay in handing over possession.Payment Of Assured Returns By Builder To Homebuyer Not Banned By Unregulated Deposit Schemes Act Case – Renu Yadav & another Versus M/s. Neo Developers Private Ltd Haryana Real Estate Regulatory Authority (Authority) bench, comprising Ashok Sangwan (Member), held that payment of assured returns by builder to homebuyer is protected under Banning Of Unregulated Deposit Schemes act, 2019.Haryana RERA Orders Raheja Developers To Refund 2 Crores With Interest To Homebuyer Case – Gowrishankar Versus M/s Raheja Developers Limited Haryana Real Estate Regulatory Authority (Authority) bench, comprising Ashok Sangwan (Member), has directed Raheja Developers, the builder to refund ₹2 crores with interest to homebuyer who invested in their Raheja Revanta Project. The homebuyer decided to withdraw from the project after the builder rejected his decision to opt for the buy-back scheme, which was available starting from the 33rd month from the date of booking. Maharashtra Real Estate Regulatory AuthorityMahaRERA Directs Commercial Developers To Form Cooperative Society And Execute Conveyance Deeds In Favor Of Homebuyers Case – Association Of Flat Units Purchaser Versus M/S Commercial Developers Maharashtra Real Estate Regulatory Authority (Authority) bench, comprising Ajoy Mehta (Chairperson), has directed M/s. commercial developers, the builder to form cooperative society and execute conveyance deeds in favor of homebuyers.MahaRERA Orders Jayesh Buildcon To Pay Interest To Homebuyers For Delay In Handing Over PossessionCase – Joel Badigar Versus Jayesh Buildcon A/W Sangita Vikram Kere Versus Jayesh Buildcon Maharashtra Real Estate Regulatory Authority (Authority) bench, comprising Mahesh Pathak (Member-I), directed Jayesh Buildcon to pay interest to the homebuyer for the delay in handing over possession of the flat.MahaRERA – Being Aware Of Market Conditions, Builders Should Conduct Due Diligence Before Declaring Project's Possession Date Case – Harshad Popatlal Shah & Another Versus Greenfield Developers & Realtors L.L.P & Others While directing the builder to pay interest to the homebuyer for delayed possession, Maharashtra Real Estate Regulatory Authority (Authority) bench, comprising Ajoy Mehta (Chairperson), held that builders are aware of market conditions, therefore, they are required to conduct due diligence before declaring the possession date.Telangana Real Estate Regulatory AuthorityTelangana RERA Imposes 4 Lakh Penalty On Builder For Failing To Install ElevatorCase – Sri Kandi Lakshma Reddy & others Versus M/s Abhi Constructions Telangana Real Estate Regulatory Authority (Authority) bench, comprising Justice Dr. N. Satyanarayana (Chairperson), K. Srinivasa Rao (Member), and Laxmi Narayana Jannu (Member), imposed a ₹4 lakh penalty on M/s Abhi Constructions for failing to install the elevator. Additionally, the Authority directed the builder to fix the structural defects arising from the project. Gujarat Real Estate Regulatory AuthorityGujarat RERA Treats Godrej Properties As Promoter Of Green Glades Project, In A Joint Venture Project Case – Waseem Ahmad Bhat Versus Shree Siddhi Infrabuildcon LLP & another Gujarat Real Estate Regulatory Authority (Authority) bench, comprising MA Gandhi (Member) and Dr. MD Modiya (Member), has held Godrej Properties as the promoter of the Green Glades Project, where Godrej was responsible for marketing, advertising, and selling the project. Karnataka Real Estate Regulatory AuthorityDelay In Handing Over Possession, Karnataka RERA Directs Ozone Infra Developers To Pay Interest And Hand Over Possession To HomebuyerCase – P Deepak Kumar Mahenderkar Versus Ozone Infra Developers Private Limited Karnataka Real Estate Regulatory Authority (Authority) bench, comprising Neelmani N Raju (Member), has directed Ozone Infra Developers Private Limited, the builder, to pay interest to the homebuyer for their failure to hand over possession of the flat on time and to hand over possession to the homebuyer.Failure To Pay Pre-EMI For 4 Years, Karnataka RERA Orders Builder To Refund Amount Paid By Homebuyer Case – Vijayanand Paulraj Versus Ozone Urbania Infra Developers Karnataka Real Estate Regulatory Authority (Authority) bench, comprising Neelmani N Raju (Member), has directed Ozone Urbania Infra Developers, the builder, to refund the amount paid by the homebuyer with interest after the builder failed...

RERA Weekly Round Up – July 8 To July 14,2024

Aryan Raj