Thane: Thee Maharashtra Real Estate Regulatory Authority (Maharera) has directed the Thane Collector to attach the property of a builder and recover dues of Rs 80 lakh to be paid to buyers for delayed possession of flats as per the previous order issued by him.
The recovery warrant issued last week by Dr Vasant Prabhu, Secretary MahaRERA, has now sent a sense of relief among the 15 residents who had invested in the Atlantis project. Panchpakhadi Thane area. Residents had approached MahaRERA last December after they failed to get possession of their flats as well as the dues due by the builder for delay in possession.
The project, involving the construction of two multi-storey buildings with around 150 flats, was supposed to be completed in 2012 but got delayed after which buyers approached RERA in 2018, which asked the developer to interest buyers starting from March 2019. till they got their payment. homes.
“RERA had earlier ordered the developer to pay interest as mandated in it” real estate act, 2016 which collectively works out to Rs 1.6 crore. While the developer failed to pay it, he instead demanded that we pay the balance amount for our flats. We argued that since the collective balance payment for all the flats did not exceed Rs 80 lakh, it could have been adjusted against their dues, but they refused, following which we approached RERA,” said a resident .
RERA heard the matter last December in which the developer refuted the claims of the residents and sought dismissal of the application, which was rejected by the body. “It is evident that the builder delayed payment of interest amount to the buyers as per the previous order issued by MahaRERA and also failed to give possession to them. Residents are entitled to take interest,” said Dr Prabhu’s order.
Vinod Daulatani, director of STG Group, which developed the project, told TOI that the interest amount quoted by residents is not verified and needs to be rectified. However, the developer claimed that it would soon contact the residents to take possession of their flats and settle the issue at the earliest.
The recovery warrant issued last week by Dr Vasant Prabhu, Secretary MahaRERA, has now sent a sense of relief among the 15 residents who had invested in the Atlantis project. Panchpakhadi Thane area. Residents had approached MahaRERA last December after they failed to get possession of their flats as well as the dues due by the builder for delay in possession.
The project, involving the construction of two multi-storey buildings with around 150 flats, was supposed to be completed in 2012 but got delayed after which buyers approached RERA in 2018, which asked the developer to interest buyers starting from March 2019. till they got their payment. homes.
“RERA had earlier ordered the developer to pay interest as mandated in it” real estate act, 2016 which collectively works out to Rs 1.6 crore. While the developer failed to pay it, he instead demanded that we pay the balance amount for our flats. We argued that since the collective balance payment for all the flats did not exceed Rs 80 lakh, it could have been adjusted against their dues, but they refused, following which we approached RERA,” said a resident .
RERA heard the matter last December in which the developer refuted the claims of the residents and sought dismissal of the application, which was rejected by the body. “It is evident that the builder delayed payment of interest amount to the buyers as per the previous order issued by MahaRERA and also failed to give possession to them. Residents are entitled to take interest,” said Dr Prabhu’s order.
Vinod Daulatani, director of STG Group, which developed the project, told TOI that the interest amount quoted by residents is not verified and needs to be rectified. However, the developer claimed that it would soon contact the residents to take possession of their flats and settle the issue at the earliest.
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