Trouble ensued for a developer for not adhering to a MahaRERA order of March 2021, which clearly states to repay the principal amount to flat buyer with interest. While the developer repaid the principal amount to the buyer, he did not pay the interest amount till date. The matter was heard on September 17, and MahaRERA directed to issue a warrant to seize the developer’s property.

In February 2014, the complainant, a chartered accountant and his wife, purchased Flat No. 2002, on the 20th floor, measuring 870 sqft saleable area, in an upcoming project called Gaurav Discovery-F wing, that was to be constructed by M/s Vidhi Realtors on plot of land of Malwani Taluka in Borivli, for a total consideration of Rs 94,48,200.