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Maharashtra RERA orders attachment, auction of developer’s properties

In a strong enforcement move, the Maharashtra Real Estate Appellate Tribunal ordered the attachment and auction of properties owned by partners of a defaulting developer for failing to comply with payment directives. The action offers relief to homebuyers awaiting refunds and possession in a long-delayed project

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Clan City project in Taloja, where the complainant booked a flat in 2013, remains incomplete. Pics/courtesy Adv Godfrey Pimenta

Clan City project in Taloja, where the complainant booked a flat in 2013, remains incomplete. Pics/courtesy Adv Godfrey Pimenta

In a strong enforcement action, the Maharashtra Real Estate Appellate Tribunal has ordered the attachment and auction of properties belonging to partners of a defaulting developer, citing continued non-compliance with its directives in a long-pending homebuyer dispute.

The order, passed on April 20, came during execution proceedings (Ex. No. 75/25) in an appeal filed by homebuyers Nitin Vidhyadhar Walavalkar and another against M/s Supreme Construction & Developers Pvt. Ltd. The matter was heard via video conference by a bench comprising Shriram R Jagtap and Dr Rajagopal Devara.

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