RERA tells Developer Neelkamal to Pay Interest to Home Buyers

Mumbai: In a huge relief to two allottees from a real estate project, the Real Estate Regulation Authority (RERA) directed a developer to pay interest to both the allottees for delayed possession by three years. The RERA acted on a complaint filed by two separate allottees against the same developer who failed to provide possession of their flats as per the date mentioned in agreement.

The complainants Ashish Pandey and Vikas Pandey had purchased flats in the developer Neelkamal Realtors (Suburban) private Limited at ‘DB Ozone’ in Mira Road.  “As per the registered agreements for sale executed with the developer, the developer was liable to handover possession of the flats on December 31, 2014 with a grace period of one year, December 31, 2015.

The developer has failed to handover the possession of the flats so far,” said Vikas Pandey. They allottees sought directions from the authority to the developer to pay interest for the delayed period of possession in respect of booking of their flats in the said project. During the hearing, the developer was represented by Advocate Sushant Chavan who raised the issue of maintainability of these complaints on the ground thot the agreement had been registered under the provisions of MOFA. The developer said the revised date was given as December 31, 2019 on the MahaRERA website and said he was willing to refund amount paid by allottees.

Thereby, the developer requested to dismiss the present complaints on grounds of maintainability.  The RERA bench stated that the jurisdiction of this authority continues till the project is completed.

courtesy: http://www.freepressjournal.in/

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