INCOME TAX11 Sept 2026
MahaRERA orders developer to refund homebuyers: 7 checks to make before booking a flat | Mint
MahaRERA, Maharashtra's real estate regulator, has ordered a developer to refund flat buyers with interest. Its order found the Commencement Certificate allowed building only up to the fifth floor, yet flats were booked on the sixth and seventh floors on promises of later approvals. Before paying, check that your exact floor and flat are part of the sanctioned plans, and keep written proof.
Key Statutory Highlights
- MahaRERA directed the developer to refund the amounts buyers could establish they had paid for their flats, along with applicable interest.
- The Commencement Certificate dated October 22, 2010 permitted construction only up to the fifth floor, although buyers held allotment letters for a flat on the sixth floor and another on the seventh.
- A RERA registration number or allotment letter does not mean your particular flat has approved construction, and verbal assurances from a sales team are not proof of approval.
Actionable Advice for Taxpayers / Founders:Ask the developer in writing for the approval document that covers your exact floor and unit, then verify it yourself against the sanctioned plans and RERA records before you pay.
Statutory Disclaimer: TaxQue Shorts are AI-assisted editorial briefs for compliance awareness. This brief has not passed every source check; confirm the original notification before acting. This does not constitute formal legal or CA counsel.
TaxQue News Desk
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