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The Economic Times
The Economic Times
Business
Neelanjit Das

Dubai-based homebuyer cancels 2 Mumbai flats after long delay, but builder kept him waiting for refund and wanted to deduct charges: MahaREAT orders full refund + Rs 1.33 crore in interest

Justice S.S. Shinde, Chairperson along with Dr Rajagopal Devara, member of Maharashtra Real Estate Appellate Tribunal (MahREAT), Mumbai in a recent judgement gave relief to a Dubai-based homebuyer from an arbitrary, one-sided clause incorporated by a builder in allotment letters.

In this case, as discussed in this article, the Dubai-based Indian homebuyer had booked two flats with a Mumbai-based builder. However, even after more than a year from the promised delivery date, the homebuyer did not get possession of the flats. Moreover, the homebuyer also had concerns about the draft sale agreement which reportedly contained discrepancies and did not accurately represent the terms he had initially agreed upon in the allotment letters.

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