How these Mumbai homebuyers' mistake cost them plenty
A group of home buyers under Royal Accord Welfare Association, who had purchased apartments in the project Royal Accord, Borivali, approached MahaRERA against the developer, Anuradha Real Estate Developers Pvt Ltd, alleging that the builder is neither proceeding with the work nor handing over the apartments despite continuous follow up.
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MahaRERA, insurance firms to decide premium of land title cover policy for developers Homebuyers are facing a difficult situation after investing their hard earned money in a housing project wherein developer is neither proceeding with the work nor handing over apartments to them in spite of continuous follow up. And when a group of home buyers approached Maharashtra Real Estate Regulatory Authority, with the plea to allow them to construct, complete and occupy the apartments, their plea was dismissed, said a DNA report.
According to the report, their plea was rejected because the section under which the complainants wanted the transfer of property from builder to them only provided for the obligation of the developer in case of transfer of a project to third party. Housing experts reportedly say that complainants should have raised section 7, and proved unfair practices by developer and then asked for a transfer. Rather, homebuyers should have approached Civil Court against the developer for delay, they opined as per DNA.
Notably, a group of home buyers under Royal Accord Welfare Association, who had purchased apartments in the project Royal Accord, Borivali, approached MahaRERA against the developer, Anuradha Real Estate Developers Pvt Ltd, alleging that the builder is neither proceeding with the work nor handing over the apartments despite continuous follow up.
The homebuyers, therefore pleaded that they may be allowed to construct and complete the construction and occupy their apartments.
On the first day of hearing, the Counsel for the developer reportedly submitted that the complainants have taken up the same matter of delay in completion of the project, against the developer before another forum (City Civil Court). The counsel reportedly prayed that the present complaint be dismissed as it is not maintainable.
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Further, the counsel for the complainants' in the next hearing submitted that they have already approached the civil court against the developer for violation of provisions of MOFA, the report added.
