The Economic Times

Booked flats for Rs 1.16 crore, two homebuyers awaiting possession find project lapsed; MahaRERA orders builder to give money back with interest

In 2013, two homebuyers believed they would receive their flats by 2014. However, the project registration expired, leaving construction stalled for years. Following this, MahaRERA mandated the builder to refund the buyers' payments and ordered compensation for both complainants. This important ruling highlights buyers rights in the face of extended project delays.