A recent Bombay High Court order appointing a court receiver for completion of a stalled residential project in Khar has been welcomed by legal experts practicing in MahaRERA. They said it is high time that hundreds of stalled projects across the city and state, which have in turn kept thousands of flat buyers stuck for decades, see the light of the day, and added that unfortunately MahaRERA is not utilising all its power to act against errant developers in larger interest of common man.  

The case

The HC had recently appointed a court receiver and directed that an incomplete redevelopment project of a MHADA leased building Silver Sunshine in RK Nagar, Khar be completed by appointing third-party contractor and architect for the remaining work up to 13th floor, the cost of which is to be borne by applicants/plaintiff till Occupancy Certificate is obtained. The project had left 18 home buyers in the lurch, as the developer M/s Silvex Developers Private Limited abandoned the project a decade ago.