Summary:
The Maharashtra Real Estate Regulatory Authority (MahaRERA) can no more decide on the price of homes. The complainants then appealed against the order and the tribunal remanded the complaint back to the MahaRERA for a fresh decision. Gautam Chatterjee, Chairperson, MahaRERA, during the final order stated, "None of the provisions of the said (RERA) Act, provide for MahaRERA deciding the consideration price to be agreed between the parties and the same is left for the parties to be decided amicably." The developer had shown interest in executing the agreement and the complainants had also shown inclination to settle the matter pertaining to the consideration price amicably. In an interesting case, that was first filed in 2018, then went into appeal and came back to MahaRERA, the chairperson cited that none of the provisions of the RERA Act provide for MahaRERA to decide the consideration of a price to be agreed upon between the relevant parties..