MREAT issues regulation on home buyer’s rights
Real Estate

MREAT issues regulation on home buyer’s rights

The Maharashtra Real Estate Appellate Tribunal (MREAT) has issued a regulation stating that the home buyer's right to request reservation of a flat includes the right to withdraw such a request from the reservation.

On October 3, 2019, while hearing an appeal against a Maharashtra Real Estate Regulatory Authority ( MahaRERA), MREAT had directed Piramal Estate Pvt Ltd to pay a Thane couple Rs 5.6 lakh, which they had paid in 2019 towards the cost of a flat in Vaikunth cluster in Thane. The couple had cancelled the booking in May and sought a refund due to a medical emergency. MREAT, while stating that MahaRERA had passed the disputed order without proper application of mind and without a correct appreciation of facts noted that the clauses, relating to forfeiture of 10% of the price of flat or the amount paid till date whichever is lesser in case of withdrawal, in the request for reservation form was an unreasonable, unfair and one-sided condition, and was against the object and purpose of RERA.

MREAT members also observed that even though the claim of the refund was not governed by any specific provision of RERA, it could not be ignored that the objective of RERA was to protect customer interests.

Image Source


Also read: H-RERA issues directive for sale of apartments

The Maharashtra Real Estate Appellate Tribunal (MREAT) has issued a regulation stating that the home buyer's right to request reservation of a flat includes the right to withdraw such a request from the reservation. On October 3, 2019, while hearing an appeal against a Maharashtra Real Estate Regulatory Authority ( MahaRERA), MREAT had directed Piramal Estate Pvt Ltd to pay a Thane couple Rs 5.6 lakh, which they had paid in 2019 towards the cost of a flat in Vaikunth cluster in Thane. The couple had cancelled the booking in May and sought a refund due to a medical emergency. MREAT, while stating that MahaRERA had passed the disputed order without proper application of mind and without a correct appreciation of facts noted that the clauses, relating to forfeiture of 10% of the price of flat or the amount paid till date whichever is lesser in case of withdrawal, in the request for reservation form was an unreasonable, unfair and one-sided condition, and was against the object and purpose of RERA. MREAT members also observed that even though the claim of the refund was not governed by any specific provision of RERA, it could not be ignored that the objective of RERA was to protect customer interests. Image Source Also read: H-RERA issues directive for sale of apartments

Next Story
Infrastructure Urban

Canal Water Boost for Mudki

In a significant push for public health and urban development, MLA Rajneesh Dahiya has announced a Rs.280 million canal water supply project for Mudki town in the Ferozepur Rural constituency. The initiative aims to provide clean drinking water to every household within Mudki’s municipal limits. Speaking about the development, Dahiya said the project falls under the Centre’s AMRUT (Atal Mission for Rejuvenation and Urban Transformation) scheme and is being carried out with the support of Punjab Chief Minister Bhagwant Singh Mann and Local Government Minister Dr. Inderbir Nijjar. “This ..

Next Story
Infrastructure Transport

6 Tunnel Boring Machines Idle in Chennai

Six tunnel boring machines (TBMs) deployed by the Chennai Metro Rail Limited (CMRL) are currently lying idle beneath city roads, stuck in limbo due to delayed construction of underground stations at Moolakadai, Perambur, and Mandaveli. The TBMs, launched as part of Corridor 3 of the Phase II Metro project from Madhavaram to SIPCOT, have reached their designated stations but are unable to proceed as the station boxes are incomplete. Without a completed diaphragm wall or station box, the machines cannot break through or be dismantled for reuse. According to CMRL officials, the root of the dela..

Next Story
Infrastructure Transport

Mumbai Metro 3 Nears Launch

The Mumbai Metro Rail Corporation shared a sneak peek of the newly completed Acharya Atre Chowk station on Metro Line 3 (Aqua Line) this Sunday, drawing both praise and impatience from the public. Located on the 9.77 km stretch between Bandra Kurla Complex (BKC) and Worli, the underground station is part of a long-anticipated corridor that promises to ease traffic and boost east-west connectivity. The social media update, posted by the handle @MumbaiMetro3, featured images of the station’s sleek new interiors. But the post quickly sparked a flurry of comments, with several users demanding c..

Advertisement

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Advertisement

Talk to us?