Summary:
However, he faltered on the date of possession after he decided to add six more floors to the building following which 29 homebuyers approached Maharashtra Real Estate Appellate Tribunal (MREAT), and were finally awarded interest by the state tribunal. Due date of possession is the most crucial and emotional part of the transaction of purchase of a home as far as allottees are concerned. A builder took bookings when he was constructing a building of 26 floors. They were seeking interest on the amount paid for delay in possession. During the hearing, Sumant Kolhe, Judicial Member, MREAT, stated, that the allottees had no role at all in the delay..