Mumbai homebuyers yet to get justice

MAHARASHTRA REAL Estate Regulatory Authority (RERA) has issued 174 warrants of property seized in different cases against builders. But not even a single warrant of property has been executed. And this why even after obtaining orders from RERA, homebuyers have failed to get refunds. From May 1, 2017, when RERA came into effect in Maharashtra, more than 20,000 projects have been registered. Since then, RERA has received more than 6,251 complaints against different projects. Out of these, more than 4,000 complaints have been disposed. But in 174 such cases, RERA has passed orders in favour of the complainants. Even so, the homebuyers have failed to get refund on amounts paid to the builder. A senior RERA official said that the matter is now out of the authority’s hands and has to be executed by the collector and deputy collector department.