In a landmark judgment, MahaRERA court held in case of misrepresentation by a developer in the sales brochure, advertisement buyers can claim a full refund, with interest
The MahaRERA in a recent judgment passed allowed a flat buyer to pull back from a project and also directed the developer to refund the amount paid by the buyer with interest. The real estate body, in its April 22 verdict, observed, “Misrepresentation of facts in a sales brochure or advertisements luring customers, entitles flat buyers to withdraw from the project.” Experts have welcomed the decision and said that the rule of caveat emptor, meaning let the buyer beware, is also applicable for flat buyers under RERA.
Source: Mid-Day
Pic Credit: Advocate Godfrey Pimenta
