MREAT orders Tata Housing to refund home buyer’s money with interest | ET Realty

MREAT orders Tata Housing to refund home buyer’s money with interest

Home buyer Rahul Lahiri had challenged a MahaRERA order of May 20, 2019, which ruled that he was not entitled to a refund under Section 18 of Real Estate (Regulation and development) Act (RERA).

The Maharashtra Real Estate Appellate Tribunal (MREAT) has set aside a May 2019 order by MahaRERA and directed Tata Housing Development Company to refund a home buyer from Tata Aveza project in Mulund his investment of Rs 59.73 lakh with interest from October 2015 after ruling that the developer had revised the date of possession from 2018 to 2022 and failed to deliver timely possession.

Home buyer Rahul Lahiri had challenged a MahaRERA order of May 20, 2019, which ruled that he was not entitled to a refund under Section 18 of Real Estate (Regulation and development) Act (RERA). He had booked flat A-1803 admeasuring 858 sq ft in Tata Aveza project in Mulund East by paying Rs 59.73 lakh out of total flat value of Rs 2.5 crore between July and October 2015.

The allotment letter issued in July 2015 did not mention a possession date, but he was verbally promised possession in 2018 and later in 2020, but when the developer revised the date to 2022, he filed the complaint seeking refund.

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