MahaRERA Directs Ruparel Infra & Reality To Refund Homebuyer's Money After Deducting 2% Of Total Consideration

The Maharashtra Real Estate Regulatory Authority (MahaRERA) directed Ruparel Infra Realty to refund homebuyers’ money after deducting 2% of the total consideration. The case involved homebuyers who sought a refund due to delays in the possession of their flats. MahaRERA found that the developer had failed to deliver the flats within the stipulated time and ordered a refund with a 2% deduction to cover administrative expenses. This decision underscores the importance of timely delivery of real estate projects and the protection of homebuyers’ rights under the Real Estate (Regulation and Development) Act, 2016.