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The Economic Times
The Economic Times
Himanshi Singh

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

Mr Kishor Krishnan Kutty and Deepak Laxmidas Thakkar both booked a flat each in a Mumbai-based project in 2013. However, little would they have thought that their dream of owning a home would turn into a long legal battle. While they were promised possession by December 2014, the homebuyers have yet to receive it.

Both buyers collectively paid Rs 1.16 crore for 2 flats in the project, but to no avail. Adding to their woes is the fact that the project in which they made a booking has lapsed on MahaRERA website. Seeking relief in the matter, they approached the tribunal asking for a refund of their money, along with Rs 20 lakh compensation each.

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