RERA asks Lodha Group to refund booking amount to a buyer

Lodha Group Amara

Maharashtra Real Estate Regulatory Authority (MahaRERA), in a case between an individual Roshan Nawale and Lodha Developers in which the developer is accused of refusing to refund booking amount to buyer. Nawale complained to MahaRERA last month, the developer then agreed to refund the booking fee of 1.08 lakh rupees to him and the case was resolved on Tuesday.

Nawale had said in his complaint that he booked a 2 Bedroom Hall Kitchen flat in Lodha Amara Project located on Kolshet Road in Thane in the month of July and paid a booking amount of Rs 1.08 lakh. He claimed that at the time of booking he was told that he can buy the flat at a discounted amount of 1.14 crore and he will not have to pay EMI till December 2018 if he booked the flat before July 2. He also claimed that Lodha Group had even offered to bear stamp duty during that time.

However, later he found certain discrepancies in that offer when he came to know that he would have to pay interest on the unpaid EMIs and total amount was higher than expected earlier. He also alleged that the Lodha Group promised a September 2019 completion date at the time of booking, which it extended to December 2020 while registering the project with RERA, added Nawale.

Considering these issues, Nawale decided to withdraw his booking and asked for a refund of the booking fee. He said that the sales manager of project told him that there was no provision for withdrawing the booking, and the booking fee was non-refundable. “I wa left in complete shock because I was informed that the booking amount is entirely refundable… I was informed that its their internal policy to not to refund any money paid for booking. But I haven’t signed any documents which states such policy,” he mentioned in his complaint.

Nawale demanded booking fee along with Rs 5,059 that he paid to register complaint with RERA, Lodha Group agreed to refund the booking amount by cheque and handed it over to him. The matter was heard in front of RERA member B. D. Kapadnis. Since Nawale didn’t want to continue the case, the case was dismissed on Tuesday.

RERA officials present during the hearing said, “The mediating process between two parties was successful and the case was resolved. The booking fee is refunded to the consumer.”


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