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MahaRERA flat buyers want to withdraw investments; chief says no

Regulatory body passes order asking unhappy flat buyers in Dadar development to not withdraw in bulk as it could jeopardise project for 520 others

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The complainants booked flats in the project in 2012-13. 
PIC FOR REPRESENTATION/Bombay Realty

The complainants booked flats in the project in 2012-13. PIC FOR REPRESENTATION/Bombay Realty

In an unusual order, the MahaRERA chief on January 9 set aside the plea of 13 flat buyers who want to withdraw their investments from Bombay Realty's Island City Centre project in Dadar, stating that a bulk withdrawal like this would jeopardise the completion of the project and impact 520 other flat buyers. The buyers are now contemplating approaching the tribunal. For the complainants, who booked flats in the project around 2012-13, several changes to the plan and reduced amenities proved to be the nail in the coffin.

Speaking about the issues, one of the complainants said, "The issue with this ground-plus-65 storey tower, which is almost ready, is different from other flat buyers' contentions. In this case, the plan given to us was changed thrice. All the promises made at the time of booking the flat were not kept. For instance, we were promised a 300 sq ft balcony attached to our flat, and today, when the structure is ready, the balcony has been completely eliminated, and only a small window has been provided for ventilation. The shapes of the rooms are not the way they were assured either."

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