Mumbai, Feb 19: In a significant ruling strengthening the rights of homebuyers, the Maharashtra Real Estate Appellate Tribunal (MREAT) has set aside an earlier order of Maharashtra Real Estate Regulatory Authority (MahaRERA) which had directed flat purchasers to pursue arbitration in view of clauses contained in their agreements for sale.
The appellate body has remanded the matter back to MahaRERA with directions to decide the complaints afresh on their merits. Appeals by allottees in Rivali Park project The ruling came while hearing appeals filed by allottees, including Borivali resident Antony Ignatius and members of the Khadtare family from Bhayander, against CCI Projects Private Limited and Cable Corporation of India Limited.
The appellants were represented by Advocate Anil D'Souza. The dispute arises out of the "Rivali Park" project in Borivali, particularly the residential towers known as "Winter Green." The allottees had booked flats and paid substantial consideration amounts.
However, according to the complaints, the promoters failed to hand over possession within the agreed timelines. Aggrieved by the delay, the homebuyers approached MahaRERA seeking interest and compensation.