Published On: Mon, Nov 13th, 2017

MahaRERA directs builder to hand over projects 9 years before deadline

maha reraMUMBAI
Maharashtra Real Estate Regulatory Authority (MahaRERA) settled a conflict over non-payment of dues in an ongoing housing project in Andheri. Authority directed two flat buyers to pay the maximum amount of the flat and asked builder to hand over the project nine years before the time limit.

Nisar Realtors, a builder, logged a complaint against Mohammed Samir Warsi Shaikh and Nilofer Mohammed Samir Warsi, who had booked flat in Rajal Classic at Andheri. According to the complainant, the buyers had only paid Rs 22 lakh of the Rs 53.71 lakh flat cost and denied to pay the reaming amount despite several reminders.

The buyers opposed that the builder had not acknowledged a certain amount paid in cash and that they had already filed a complaint with the police in this regard. Developers set the date of December 2027 as the deadline to hand over the flats while registering the project with MahaRERA. Both admitted that completion date was not mentioned in the agreement; they said such a long delay was unjustified.

Hearing from both sides, Gautam Chatterjee, Chairman of MahaRERA, revised the project completion date to December 2018 and ordered the buyers to pay Rs 26.33 lakh within 45 days of the order, buyers can pay the reaming 10% once the flat is handed over. In failing, case buyers will be liable to pay interest until full payment is made.

Gautam Chatterjee refused to interfere in the police case registered by the buyers.

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