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Showing posts from October, 2018

Soon, realtors will have to display 'approved plans' on construction sites

From now on, realtors will have to display approved building plans on the site of their project. In a Supreme Court order, it has been made mandatory, and Consumer forum in Mumbai claims that MahaRERA has agreed to their demand on the same. This they say will help a home buyer in knowing where is he putting his money.  A section in the order stated that, "...keeping in mind the provisions of RERA and their objective, the developer should mandatorily display at the site the sanction plan. The provision of sub-section (3) of Section 11 of the RERA require the sanction plan/layout plans along with specifications, approved by the competent authority, to be displayed at the site or such other places, as may be specified by the Regulations made by the Authority. In our view, keeping in mind the ground reality of rampant violations and the consequences thereof, it is advisable to issue directions for display of such sanction plan/layout plans at the site, apart from any other manner pr…

Big boost for home buyers: Projects received part occupation certificate to come under MahaRERA

In an order that would set a precedent for future cases related to part occupation certificate, the MahaRERA (Maharashtra Real Estate Regulatory Authority) in an interim order dated September 12 has held that the project will come under its jurisdiction even though it has received part occupation certificate. In its order, MahaRERA implied that having part occupation certificate means the project is not completed. The ruling is very significant as getting part occupation certificate for the projects is quite a trend among the developers in Maharashtra.
HIS-ERP.COM “This will be a welcome order for the home buyers. The projects with part occupation certificate will now be considered as ongoing projects. This means, they will now come under the purview of RERA,” said Apurva Kanvinde, senior associate, Juris Corp. The order was passed in a complaint filed by Haresh Jethmal Asher against Bellissimo Crown Buildmart, which is a subsidiary of Lodha Developers. The buyer had purchased a flat …

SRA scheme home buyer gets Rs 65 lakh refund from SSV Developers, Hemant Parikh

MahaRERA rules that developer-broker dispute can’t come in the way of refund.

Maharashtra Real Estate Regulatory Authority(MahaRERA) has directed SSV Developers to refund Rs 65 lakh, with interest, to a home buyer, and ruled that the developer cannot cite his dispute with a real estate brokerage firm to deny his liability to refund.

According to his complaint, home buyer Sharif Mohammed Dalvi had booked two flats 1704 and 1705 in Lareina Residency project, the sale component of a Slum Rehabilitation Authority (SRA) scheme in Tagore Nagar in Vikhroli, in October and December 2017. He had done the booking through a real estate brokerage firm, Sai Estate Consultants Chembur Pvt Ltd.

While the agreement for sale for 1704 was executed by the developer, he had not executed the agreement for 1705 which was a resale flat. On realising that the developer had not cancelled the agreement done with the previous owner of 1705, he decided to withdraw from the project and sought a refund under Section …