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500 homebuyers get relief after six years

Wednesday, February 14, 2018
By Manjiri Chitre

The project of Tanvi Builders had been stalled due to internal disputes for years on end

Around 500 homebuyers at Mira Road finally get relief in a landmark judgement and efforts passed by the Maharashtra Real Estate Regulatory Authority (MahaRERA), yesterday. The project of the Tanvi Builders had been stalled due to some internal disputes among the builders. In a hearing of the MahaRERA of the same project, one of the three builders has decided to take up the responsibility and begin the project again. Along with it, he has promised to deliver the flats in the next two years.

According to official sources, nearly 550 flats at Mira Road were held up for almost six years due to internal disputes between the three developers of the Tanvi Builders. Around 184 disgruntled members (homebuyers) had formed a flat owners association in October last year to fight for their homes. The association was formed under the guidance of the Chairman of Maharashtra Societies Welfare Association (MSWA). The dispute was presented in the High Court and had been pending for a while.

The Tanvi Builders project was divided into three phases; Tanvi Eminence Phase I, Tanvi Eminence Phase II, and Tanvi Eminence Phase III. The complainants who approached the MahaRERA, in their complaints alleged that even though the said project had started in 2009, the developers had failed to complete the construction of the buildings and hand over the possession to the home buyers. More than 180 home buyers, under the guidance of  the Chairman of Maharashtra Societies Welfare Association approached the MahaRERA to clear the dispute and get their flats as soon as possible. In a judgement held at the MahaRERA, the dispute has finally been cleared. One of the builders has taken full responsibility and has promised to complete the project within two years. The judgement stated that, “Respondent number one shall hand over the possession of the apartments, with an Objection Certificate (OC) to the complainants before the period ending December 31, 2019, with a further grace period of three months for mitigating factors. Respondent number one will be liable to pay interests on delay. The said interest shall be at the rate as prescribed under Rule 18 of the Maharashtra Real Estate Regulatory Authority (MahaRERA).”

After nearly six years, around 550 homebuyers get a relief as the project is set to start again. “We asked the developers to cancel the registration so that we can appoint a new builder. After approaching the MahaRERA, we finally managed to get the project started and solve the dispute. The builder has promised two years so by 2019, all homebuyers should get their possession, said CA Ramesh Prabhu, Chairman of Maharashtra Societies Welfare Association (MSWA).

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