MahaREAT Directs Neelkanth Constructions To Pay Interest, Execute Conveyance Deed In Favour Of Homebuyers

MahaRERA Orders Developer to Pay Interest to Homebuyers The Maharashtra Real Estate Regulatory Authority (MahaRERA) directed Neelkanth Constructions to pay interest and execute the conveyance deed in favor of homebuyers due to delays in the project. The developer had failed to fulfill its obligations, and MahaRERA took a strict stance to ensure the rights of the buyers were upheld. The interest payment was meant to compensate the buyers for the financial strain caused by the delays. This order reiterates the accountability of developers under the RERA Act and the importance of timely project completion.