MahaRERA directs builder of Tanvi Eminence to complete project by Dec 2019
The Maharashtra Real Estate Regulatory Authority (MahaRERA) has come to the aid of 30 more flat buyers of the stalled Tanvi Eminence project in Mira Road and directed the developer to hand over possession of their apartments on or before December 31, 2019.
The order comes nearly a month after the court ordered a similar settlement for a welfare association representing 190 other flat buyers who had bought apartments in Tanvi Eminence Phase I and II. The project has been stalled since 2013 following differences between the four promoters of the project. MahaRERA chairperson Gautam Chatterjee had steered the project towards completion by holding long deliberations with the developer and the welfare association members, and given a landmark order last month based on consent terms signed between the two.
In his order, Chatterjee has directed the developers to hand over possession of the flats, including Occupancy Certificate, before December 31, 2019, with a grace period of three months for mitigating factors. The builder will be liable to pay interest on the money invested by the home buyers for any further delay.
As per the order, home buyers will receive the flats for the same price agreed in the allotment letter or registered sale agreements issued by the developer, barring any additional charges newly levied by the local bodies or government from time to time. While some home buyers had demanded compensation for their investments lying with the developer since 2012-13, it was not granted.