Maharashtra RERA Orders Spenta Enclave to Compensate Homebuyers for Delayed Project Delivery

Dated on: Friday 29th November 2024

The Maharashtra RERA directed Spenta Enclave to pay interest to two homebuyers for delayed possession of flats in its Altavista project in Mumbai. Despite agreements promising possession by late 2018 and 2019, the builder failed to deliver, prompting the buyers to file complaints. The authority ruled under Section 18 of RERA, allowing interest compensation for delays, and recommended additional compensation for one buyer for mental agony.

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