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Showing posts with label real estate project. Show all posts
Showing posts with label real estate project. Show all posts

Monday, 17 May 2021

MahaRERA - industrial units do not come under the definition of “real estate project” and the provisions of the Act are not applicable to industrial units.

 In the Matter of Techno Drive Engineer Pvt. Ltd. V/s Renaissance Indus Infra Pvt. Ltd. Complaint no. CC006000000078620 decided on 26.11.2019 before Maharashtra Real Estate Regulatory Authority.


In the instant case, the Allottee had filed a complaint against the developer on the ground that the developer failed to hand over an industrial unit booked by the Allottee in accordance with the agreed date of possession. The Allottee had booked the unit for setting up its industrial manufacturing unit. MahaRERA dismissed the complaint stating that industrial units do not come under the definition of “real estate project” and the provisions of the Act are not applicable to industrial units.


The judgement can be accessed at https://www.livelaw.in/pdf_upload/pdf_upload-367507.pdf