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The Economic Times
The Economic Times
Himanshi Singh

Homebuyer booked flat for Rs 18 lakh in 2010, later finds builder sold the flats to third party: Mumbai man wins full refund with interest, penalty on developer

MahaRERA Mumbai Authority Maharashtra

Homebuyer wins full Rs 18 lakh refund in Mumbai: 16 years ago in 2010, Natwar Parmar had booked a flat in a residential project in Mumbai’s Bhayandar East area. The total consideration of the subject unit was Rs 29 lakh, towards which Parmar made a payment of Rs 18 lakh. Despite receiving a substantial portion of the consideration, the builder failed to execute a registered agreement for sale.

While the developer issued an allotment letter dated August 16, 2010, it failed to provide possession to the buyer. In view of the delay, Parmar had approached Maharashtra RERA seeking relief. The authority had on April 24, 2025, ordered the relief of possession to the homebuyer.

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