Are you a homebuyer who has faced delays in possession of your dream home? The recent ruling by the Bombay High Court has shed light on an important aspect of the Real Estate (Regulation and Development) Act, 2016 (RERA) that could benefit you. Let’s delve into how this ruling can empower you and how Aastha Investment and Marketing Services can assist you in maximizing your rights as a homebuyer.

Chapter 1: The Bombay High Court Ruling

The Bombay High Court’s ruling emphasized that a homebuyer can claim interest for delayed possession from a developer under Section 18 of the RERA Act, even after taking possession of the flat. This landmark decision sets a precedent for protecting the rights of homebuyers who have been subjected to delays in possession.

Chapter 2: Case Study – Pune’s Balewadi Project

In a case heard by the HC, a developer in Pune’s Balewadi area faced consequences for delaying possession to homebuyers. Despite promising possession on multiple dates, the actual handover occurred much later, leading to legal action and the directive to pay interest for the delayed possession. This case highlights the importance of adherence to possession timelines set by developers.

Chapter 3: Understanding RERA Act Provisions

The RERA Act, enacted in 2016, provides crucial safeguards for homebuyers. It entitles buyers to claim a refund or interest in scenarios where possession is delayed or where possession is taken after a significant delay by the developer. These provisions are designed to ensure transparency, accountability, and timely delivery of real estate projects.

Chapter 4: Aastha Investment and Marketing Services – Your Trusted Partner

Aastha Investment and Marketing Services is committed to assisting homebuyers in navigating the complexities of real estate transactions. With a deep understanding of the RERA Act and its implications, our team can help you assert your rights and claim the interest you deserve for delayed possession. Trust us to advocate for your interests and provide expert guidance throughout the process.

Conclusion.

Hey there, if you’re looking to buy a home, it’s super important to know your rights under the RERA Act, especially when it comes to delays in getting possession. The Bombay High Court recently made a ruling that really supports buyers like you and shows how crucial it is to take action if there are any delays. With Aastha Investment and Marketing Services backing you up, you can feel confident in going after what you’re entitled to as a homebuyer.

Don’t let delays in possession dampen your homeownership journey. Empower yourself with knowledge, seek expert assistance, and assert your rights under the RERA Act to secure the home you deserve.