Lavasa project row: MAHARERA can decide on long lease complaints
RERA tribunal’s first ever ruling will bring complaints of delayed possession by hundreds of Lavasa home buyers within real estate regulator’s ambit.
A ruling by the Maharashtra Real Estate Appellate Tribunal – its first – will provide much hope to hundreds of home buyers who have purchased apartments or bungalows in the Lavasa township. The Tribunal on Thursday set aside a January order by MahaRERA. The state’s real estate regulator had dismissed a complaint by a home buyer who had purchased an apartment in the township, saying that it had no jurisdiction over it, and ruling that Real Estate (Regulation & Development) Act (RERA) is not applicable to the transactions of lease.
After hearing arguments by KK Ramani, counsel for home buyer Jitendra Tulsiani, and K Talukdar, representing Lavasa Corporation, Justice (retd) KU Chandiwal, who presides over the appellate tribunal, set aside the January 15 order and remanded the matter back to MahaRERA. The case will now be heard on March 27.