When the Savla family purchased an Mumbai, India apartment for Rs 1.05 crore by signing a sale agreement on February 25, 2022, the builder promised to give possession of the apartment by June 30, 2022. However, the possession of this apartment was given by the builder on March 15, 2025, after a prolonged delay of more than two years. Despite this prolonged delay, the homebuyers did not get any interest compensation as MahaRERA authority held that the Salva family had accepted the apartment without raising any protest.
It's also important to mention that the Salva family had made partial payments even before signing the Agreement for Sale and continued making payments thereafter. They even made a payment on March 10, 2025, just days before taking possession, but the builder allegedly failed to provide receipts for those payments. Although they received physical possession on March 15, 2025, the builder never issued a formal possession letter till date.
