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Delay Possession And Compensation
09-Aug-2024 (In RERA Law)
I had purchased 4 shops at vasai in 2018 and as per agreement possession date is 2018. I have made full payment in 2018. What legal option i have in rera so that i get my possession and compensation.Also how is compensation calculated ?
Well, you can file a case before MAHA RERA on the ground of delayed possession. You can seek getting interest until you receive possession of the shops or else, if you do not want to seek possession of the shops and want to withdraw from the project, you can do so by seeking refund of the entire amount invested by you to purchase the shops along with Interest under Sec 18 of the MAHA RERA Act.
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Adv. Pankaj Bajaj
Mumbai | 1000+ Answers
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since you have a registered agreement you have a good case on merit and if the project is registered with MahaRERA then you can seek interest for delay interest under section 18 of the RERA by filing a complaint before MahaRERA. Interested will be calculated on the amounts paid less taxes at SBI mclr plus 2 percent form the date of payments till possession.
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Adv. Aditya Deolekar
Mumbai | 25+ Answers
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