MahaRERA orders Wadhwa Residency to refund Rs 1.9 crore to home buyer

MahaRERA orders Wadhwa Residency to refund Rs 1.9 crore to home buyer
04/03/2019 , by , in News/Views

MahaRERA orders Wadhwa Residency to refund Rs 1.9 crore to home buyer The Maharashtra Real Estate Regulatory Authority (MahaRERA) has directed Wadhwa Residency Pvt Ltd to refund a home buyer Rs 1.9 crore with interest for failing to give possession of a flat on time and to also pay a compensation of Rs 2 lakh for misrepresentation.

Ketan Kataria had booked flat no P-3-1906 in Promenade-3, part of a large project titled The Address in Ghatkopar West and had received an allotment letter dated January 22, 2015. When the developer could not deliver possession as promised by March 31, 2017, he approached MahaRERA seeking reliefs under Section 12 and Section 18 of RERA.

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