MahaRERA orders builder to pay buyer stamp duty and interest compensation

The record

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A homebuyer won a case against a developer after the builder attempted to retract a promise to cover stamp duty and registration charges.
The real estate regulator determined the builder must honor its initial project disclosures and allotment letter commitments.
The authority also ordered the developer to pay interest compensation for delayed possession of the property.
Finally, the developer was directed to fulfill its obligation to form a society for the residents.

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1 quote · 1 outlet

“The MahaRERA tribunal held that a builder cannot contractually shift a statutory cost onto the Buyer after it has already disclosed to RERA merely by re-drafting the sale deed.”
[1]The Economic Times10h agoOpen at the quote ↗
In the article
…ordered by Telangana RERA as builder delayed possession and imposed Rs 30,000 debris charge Why did the homebuyer win? Advocate Siddharth Chandrashekhar practicing in the Bombay High Court said to ET Wealth Online: The MahaRERA tribunal held that a builder cannot contractually shift a statutory cost onto the Buyer after it has already disclosed to RERA merely by re-drafting the sale deed. Chandrashekhar says that the allotment letter, deviation report and model agreement for sale relied upon all independently stated that the builder would bear stamp duty and registration charges, thus this is why the…

1 report

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Named India · MSRDC · Sethuraman · Gauri Gabure · MahaRERA · Mahesh Pathak · SBI · Siddharth Chandrashekhar

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