The Maharashtra Real Estate Appellate Tribunal recently dismissed an appeal filed by a developer, claiming interest on delayed payment from a flat buyer in the absence of a demand letter. The developer, Navi Mumbai-based M/s Ronak Builder and Developers, had moved the tribunal challenging an impugned order by the MahaRERA chairman, and sought it to direct the flat buyer (respondent) to pay interest on the delayed payment for the price of the flat, and pay the developer floor rise for the said flat. “The Appellate Tribunal has put the issue to rest. The developer was demanding interest without executing an agreement for sale,” said Godfrey Pimenta, speaking on behalf of his client, Prashant More.

Godfrey Pimenta