MREAT issues regulation on home buyer’s rights

03 May 2021 CW Team

The Maharashtra Real Estate Appellate Tribunal (MREAT) has issued a regulation stating that the home buyer's right to request reservation of a flat includes the right to withdraw such a request from the reservation.

On October 3, 2019, while hearing an appeal against a Maharashtra Real Estate Regulatory Authority ( MahaRERA), MREAT had directed Piramal Estate Pvt Ltd to pay a Thane couple Rs 5.6 lakh, which they had paid in 2019 towards the cost of a flat in Vaikunth cluster in Thane. The couple had cancelled the booking in May and sought a refund due to a medical emergency. MREAT, while stating that MahaRERA had passed the disputed order without proper application of mind and without a correct appreciation of facts noted that the clauses, relating to forfeiture of 10% of the price of flat or the amount paid till date whichever is lesser in case of withdrawal, in the request for reservation form was an unreasonable, unfair and one-sided condition, and was against the object and purpose of RERA.

MREAT members also observed that even though the claim of the refund was not governed by any specific provision of RERA, it could not be ignored that the objective of RERA was to protect customer interests.

Image Source

Also read: H-RERA issues directive for sale of apartments

Infrastructure Urban

06 Jul 2026

ABS Marine Sees CRISIL Credit Rating Upgrade

ABS Marine Services has secured an upgrade to its long term and short term credit ratings from CRISIL, reflecting improved profitability and revenue growth through long term contracts. CRISIL moved the long term rating from BBB+/Stable to A-/Stable and revised the short term rating from A2 to A2+. The action signals strengthened financial metrics and operational resilience. The company benefited from durable client relationships with firms such as ONGC and Schlumberger. The rating decision followed stronger cash flows and an enlarged bank loan facility, which increased from Rs 3,705 million (m..

Project BRAHMANK Marks 16 Years Of Strategic Roads In Arunachal

Project BRAHMANK is marking 16 years of work to establish strategic road and bridge links across Arunachal Pradesh, maintaining and developing 811 kilometres of roads and nearly 86 bridges that range from small culverts to large steel and arch bridges. These transport links are described as critical for ensuring year-round movement of defence personnel, equipment and essential supplies while improving everyday travel for people in remote villages. The project balances national security requirements with regional development by focusing on reliable access in challenging terrain. Notable enginee..

Longleng CSOs Give One Week Ultimatum Over Two-Lane Highway

Civil society organisations (CSOs) in Longleng district have demanded immediate restoration of the deteriorating Changtongya–Longleng two-lane road and sought a detailed status report on the stalled construction within one week. The demand followed a consultative meeting convened under the Phom Peoples' Council (PPC) to discuss welfare and development concerns. PPC president YB Angam Phom said prolonged non-maintenance had caused hardship to commuters and affected transportation, local commerce and the district's development. The meeting urged authorities to undertake immediate restoration a..