+
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
Infrastructure Transport

Nagpur’s Rs 2.6 Billion Phase-IV Cement Road Project Faces Delays

Nagpur’s Rs 2.6 billion Phase-IV cement road project has missed yet another completion deadline, leading the Nagpur Municipal Corporation (NMC) to grant extensions to several defaulting contractors, according to a report by the Times of India.The public works department of the civic body extended the timelines for Packages 1, 2, and 4 to December 2025, more than a month after the original May deadline lapsed.This phase of the project aims to convert 33 key arterial tar roads, ranging from 9 to 24 metres in width, into durable cement roads. These roads are located across prominent zones inclu..

Next Story
Infrastructure Transport

STRR Expressway to Boost Bengaluru’s Connectivity and Real Estate

The Bengaluru Suburban Transport Ring Road (STRR) project is a pivotal initiative led by the central government, spanning approximately 243 km in Karnataka and 45 km in Tamil Nadu, totalling 288 km. This expressway will connect key industrial hubs around Bengaluru including Hoskote, Devanahalli, Doddaballapur, Nelamangala, Kanakapura, Ramanagara, Attibele, Anekal, Magadi, Sarjapur, Bidadi, and Dabaspete.As Bengaluru continues to expand rapidly, traffic congestion has become a major challenge. The STRR aims to tackle this by creating additional thoroughfares and fostering an environment conduci..

Next Story
Infrastructure Urban

Surat Unveils India’s First Solar-Powered Smart Bus Station

Surat Municipal Corporation (SMC) inaugurated India’s first solar-powered smart bus station on Wednesday at Althan. Developed at a cost of Rs 16 million, this electric bus depot is being hailed as a pioneering model for sustainable urban infrastructure nationwide.The facility features a 100 kW rooftop solar power plant paired with a 224 kWh Battery Energy Storage System (BESS). Designed in partnership with the German development agency GIZ (Deutsche Gesellschaft für Internationale Zusammenarbeit), the station offers 24x7 green charging support by utilising solar energy alongside repurposed ..

Advertisement

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Advertisement

Talk to us?