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Bombay HC restrains Avarsekar Realty from selling unsold flats across projects

Dated on: Saturday 18th March 2023

Avarsekar Realty Pvt Ltd, a builder, was recently prohibited by the Bombay High Court from selling any of its unsold flats in a proposed luxurious 42-story highrise in Mahim and its other projects until further orders. A civil contempt plea filed by an advocate and his wife who had booked a flat in Shrishti Sea View in Mahim in January 2012 was deferred to March 27 by the court.

The Centre introduced the Real Estate (Regulation and Development) Act in 2016, which went into effect in Maharashtra in April 2017. The same month, Paranjpe demanded interest from the builder over the delay in flat possession, claiming a buyer-friendly provision in RERA, and filed a complaint with MahaRERA in September 2019 when they did not receive possession of the flat booked.

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