Updates on Real Estate (Regulations & Development) Act, 2016
Ashwin Shah
Landmark Judgement by Appellate Tribunal Maharera dated 27-09-2024 in the matter of Rajeshwari Ramesh Pillai & Anr vs Aishwarya Anant Builders LLP, covering following aspects
Promoter violation of non-execution of Agreement for Sales
Promoter violation of non-refund of earnest monies paid by home buyers
Promoter contention of forfeiture of earnest monies paid by Home buyers
Facts of the Case
Home buyers booked flat in joint name for discounted consideration of Rs. 1.04 crore (original consideration Rs. 1.15 crore discounted owing to festival booking)
Home buyers paid earnest money of Rs.......