Oshiwara home buyers settle row with Windsor Realty, to get keys

Oshiwara home buyers settle row with Windsor Realty, to get keys
27/09/2017 , by , in News/Views

Virtually putting an end to a legal battle that began three years ago against delayed possession of a pricey residential property here, flat purchasers in the plush 33-storeyed highrise, Windsor Grande, at Oshiwara, are now all finally set to get possession, having arrived at a settlement in their dispute with the developer, Windsor Realty , and its partners, Gopal Narang and Akshay Raheja.Many flat buyers had in 2014 taken the builder to court, seeking possession and compensation for late delivery .They had also, after the occupancy certificate was granted earlier this year, challenged the developer’s insistence that they sign a waiver over claims against him.

Lawyers on both sides, including Vikram Kamath and Gautam Bhatekar for 40-odd flat purchasers who had not given up claims, and senior counsel Dinyar Madon for the developer, told Justice K R Shriram on Monday that settlement talks, a suggestion by the court last month, resulted in all buyers getting possession in a time-bound manner with claims on either side, being kept alive for some. Close to 20 buyers had signed a no-claims letter and taken possession earlier.

The court was told on September 11 that most of the 50plus flat purchasers, including celebrities likes singers Sunidhi Chauhan, Mika Singh and Sonu Nigam, had arrived at a resolution. Bollywood star Priyanka Chopra had purchased a commercial property on the premises. The project has four wings, including residential and commercial space. The litigants were from wings A and B.

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