MahaRERA directs Piramal Estate to refund home buyer’s money | ET Realty

The builder was to hand over possession four years from the date of reservation (December 2015). But the builder failed to do so. Joshi said the total cost of the flat was Rs 1 crore, of which he had paid Rs 17.9 lakh.

MUMBAI: MahaRERA has directed Piramal Estate Pvt Ltd to refund a home buyer Rs 17.9 lakh with interest for failing to give possession of a flat on time. Thane resident Chirag Joshi had booked a flat in Vraj Tower at Vaikunth Cluster 4, Balkum project, in Thane (west).

The builder was to hand over possession four years from the date of reservation (December 2015). But the builder failed to do so. Joshi said the total cost of the flat was Rs 1 crore, of which he had paid Rs 17.9 lakh.

The builder alleged a letter was sent to Joshi informing him about change in possession date to December 2020. Piramal’s advocate Sonam Mhatre claimed no sale agreement had been executed and hence the complaint was not tenable.

Upholding the complaint, MahaRERA observed the respondent had accepted money from the complainant and, hence, it could not deny his claim as allottee. Piramal’s lawyer Ansul Bansal said they had appealed against the order.

For more info Click the Below Link:

https://realty.economictimes.indiatimes.com/news/regulatory/maharera-directs-piramal-estate-to-refund-home-buyers-money/81323241