Maha RERA Orders Godrej Properties To Refund Booking Amount for a Pre-RERA project

The Maharashtra Real Estate Regulatory Authority (Maha RERA) has ordered Godrej Properties to refund the entire booking amount for a Rs 4.3-crore luxury project in Mumbai's Kurla, after the homebuyer who is also a senior citizen cancelled the booking within 10 days of the booking. The developer argued that the homebuyer cancelled the booking way before the project was registered with the authority and Godrej Properties was granted promoter status in July 2017. Thus, it argued that in this case, Maha RERA does not have jurisdiction over the matter.

However, MahaRERA concluded that the project was ongoing at the time of enactment of RERA and asked the developer to refund the entire Rs 15 lakh to the homebuyer. In another case this year, Godrej Properties withheld more than Rs 97 lakh of advance payment from an NRI homebuyer after the cancellation of the sale agreement for the same project. However, Maha RERA intervened in August 2024 and alleged that Godrej followed unfair trade practices by not refunding the money after the cancellation of the flat booking.

There have been multiple cases against Godrej Properties where buyers are seeking refund after a cancellation. Authorities are now intervening as developers have turned a deaf ear to the buyer’s pleas.

Source: Moneycontrol