SC orders Mantri Serenity promoters to maintain flat sale status quo
Real Estate

SC orders Mantri Serenity promoters to maintain flat sale status quo

The Supreme Court issued an order directing the promoters of Mantri Serenity Apartment to ensure that flats were not sold to anyone else until further instructions. It was alleged that the promoters had unlawfully terminated the agreement of a home buyer. The home buyers had entered agreements with Mantri Castles in 2013 with a commitment of possession in 2016.

However, the promoters of Mantri Serenity Apartment terminated the agreement on October 18, 2023, and the amount deposited by the appellant was refunded via RTGS mode into their account. It was stated that appellant No. 24 had immediately sent an email to the respondents protesting against the cancellation.

In the meantime, the counsel representing the respondents (formerly Mantri Castles, now known as Castles Vista) informed the Supreme Court that the subject flat/apartment allocated to appellant No. 24 was still available. The Supreme Court, in an order dated April 30, 2024, directed the respondents to maintain the status quo regarding possession/allotment to a third party in respect of the subject flat/apartment until further orders.

The Supreme Court mentioned that Bishwajit Bhattacharyya, senior counsel, had stated that appellants (No. 39, 41, and 42) had not taken possession of the subject flats/apartments as the Occupancy Certificate had not been provided yet. The Supreme Court also noted that the senior counsel had stated that the allotment made in favor of applicant No. 24 was unlawfully terminated by the respondent on October 18, 2023, and the amount deposited by the said appellant was refunded via RTGS mode into their account, despite an order passed by the Court on November 7, 2023.

The Supreme Court issued an order directing the promoters of Mantri Serenity Apartment to ensure that flats were not sold to anyone else until further instructions. It was alleged that the promoters had unlawfully terminated the agreement of a home buyer. The home buyers had entered agreements with Mantri Castles in 2013 with a commitment of possession in 2016. However, the promoters of Mantri Serenity Apartment terminated the agreement on October 18, 2023, and the amount deposited by the appellant was refunded via RTGS mode into their account. It was stated that appellant No. 24 had immediately sent an email to the respondents protesting against the cancellation. In the meantime, the counsel representing the respondents (formerly Mantri Castles, now known as Castles Vista) informed the Supreme Court that the subject flat/apartment allocated to appellant No. 24 was still available. The Supreme Court, in an order dated April 30, 2024, directed the respondents to maintain the status quo regarding possession/allotment to a third party in respect of the subject flat/apartment until further orders. The Supreme Court mentioned that Bishwajit Bhattacharyya, senior counsel, had stated that appellants (No. 39, 41, and 42) had not taken possession of the subject flats/apartments as the Occupancy Certificate had not been provided yet. The Supreme Court also noted that the senior counsel had stated that the allotment made in favor of applicant No. 24 was unlawfully terminated by the respondent on October 18, 2023, and the amount deposited by the said appellant was refunded via RTGS mode into their account, despite an order passed by the Court on November 7, 2023.

Next Story
Real Estate

Inspira Realty Plans 8-10 Redevelopment Projects in Mumbai

Inspira Realty, a leading Mumbai-based developer and a part of Inspira Global, has announced plans to undertake 8–10 new redevelopment projects across the city’s key western and southern corridors. With this expansion, the firm is poised to exceed its current Gross Development Value (GDV) of Rs 40 billion and drive forward its urban transformation agenda. The company has commenced the financial year with two development agreements signed in Borivali and Santacruz (W) and is actively negotiating further acquisitions. These projects, expected to span a construction area of 4 million sq ..

Next Story
Real Estate

U-Sphere Bags First Private Project with Ceenex in Thiruvananthapuram

U-Sphere, the high-tech construction arm of ULCCS, has secured its first major private sector project: the design and construction of a new training facility for Canada-based Ceenex Global Computer Private Limited in Sasthamangalam, Thiruvananthapuram. The agreement was signed by Remeshan Palery, Director, U-Sphere, and Muhammed Irfan, Director, Ceenex Global. As part of the project, U-Sphere will deliver the core structural framework and building envelope within a fast-tracked seven-month schedule. This facility will serve as a key hub for Ceenex’s initiatives across e-governance, heal..

Next Story
Equipment

Godrej Motor Solutions Targets Rs 10 billion Revenue by FY28

The Motor Solutions business of the Godrej Enterprises Group is aiming for Rs 10 billion  in revenue by FY28, with 20 per cent of this expected from exports. For FY26, the business is targeting Rs750 crore, driven by demand growth across electric vehicles (EVs), HVAC, pumps, and actuators in both domestic and international markets. Xercsis Marker, EVP & Head, Motor Solutions Business, Godrej Enterprises Group, said,  “We are strengthening our manufacturing capabilities through significant R&D investments and advanced technology adoption. We continue to invest in t..

Advertisement

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Advertisement

Talk to us?