MahaREAT – Builder Cannot Forfeit Homebuyer's Money Without Establishing Loss Due to Cancellation of Flat

In a case before the MahaREAT, the tribunal ruled that a builder cannot forfeit a homebuyer’s deposit without demonstrating an actual financial loss due to the buyer’s cancellation of the agreement. This ruling strengthens consumer rights in real estate transactions, ensuring that builders cannot unjustly benefit from cancellations.