With the hope of having their own roof over their heads in Mumbai, several homebuyers booked flats in a housing project launched in 2005-2006. Nearly two decades later, they are still awaiting possession, which was originally promised between 2008 and 2010.
The Bombay High Court, however, recently offered some relief to these distressed homebuyers, many of whom have already paid 50-60% of the amount to the developer for the flats. “Even after a period of almost 20 years of execution of agreement and after lapse of about 16 years from the agreed date of handing over possession, the possession has not been given,” the HC observed.
