In a major relief for property buyers, MahaRERA has ordered a developer of a Mulshi-based project to refund the amount paid by a commercial shop purchaser along with interest. The case has once again highlighted the growing issue of delayed possession and incomplete real estate projects in Maharashtra.
📍 What Was the Dispute About?
The complainant had booked a commercial shop in the “Navyangan Phase II” project at Kasar Amboli, Mulshi. The total value of the property was over ₹22 lakh, and nearly ₹18.5 lakh had already been paid to the developer.
As per the agreement signed between both parties, possession was promised by August 2022. The builder later extended the deadline till February 2023 along with a grace period. However, despite repeated assurances, the project construction remained incomplete and possession was never handed over.
🚧 Buyer Raised Concerns Over Incomplete Work
Frustrated by the prolonged delay, the buyer approached MahaRERA and highlighted several serious concerns regarding the project.
📌 The complaint reportedly mentioned:
- Slow construction progress
- Poor quality of work
- Pending occupancy certificate
- Lack of electricity and water connections
- Incomplete project infrastructure
The buyer argued that despite paying a substantial amount, the project was far from ready for possession.
🛣️ Builder Blamed External Factors
During the hearing, the developer defended the delay by citing multiple external issues that allegedly impacted the project timeline.
⚠️ According to the builder, the delays were caused due to:
- Pune Ring Road alignment issues
- Stop-work notices issued by PMRDA
- Covid-19 related disruptions
- Financial stress during project execution
The developer requested MahaRERA to consider these circumstances while deciding the matter.
⚖️ MahaRERA’s Strong Observation Against Developer
While reviewing the case, MahaRERA observed that the builder was already aware of many legal and planning-related hurdles before entering into the agreement with the purchaser.
The authority noted that despite knowing about these risks, the developer still committed to possession deadlines without properly informing the buyer about the possible complications and delays.
This observation played a key role in the final decision.
💰 Refund Ordered with Interest
In its final ruling, MahaRERA directed the developer to refund the amount paid by the complainant along with interest calculated at SBI MCLR + 2%.
However, considering the financial impact on the ongoing project and other buyers, the authority allowed the refund amount to be paid in six monthly instalments.
🏢 A Strong Reminder for Property Buyers
This case serves as an important reminder for homebuyers and commercial property investors to carefully verify project approvals, legal clearances, and possession timelines before investing.
✅ The ruling also reinforces MahaRERA’s role in protecting buyers’ rights and holding developers accountable for project delays and non-compliance.
Source:
https://punemirror.com/city/pune/maharera-mulshi-project-refund-order/
🏗️ MahaRERA Pulls Up Builder Over Delayed Mulshi Project Buyer Gets Refund with Interest After Long Wait for Possession