RERA also adds 15% interest to the amount after 21 home-buyers come together to take on developer of Powai project

The real estate body Maharashtra Real Estate and Regulation Authority (MahaRERA) has got a builder to shell out Rs 7 crore in compensation for not handing over flats to home-buyers within the promised time. The authority ruled in favour of 21 aggrieved home-buyers who had come together for justice. There have been several complainants in the past about the developers of Bhagtani Serenity project at Powai violating agreement clauses. This time, home-buyers who had invested in various wings in the project, came together to fight the developer.