The situation in Pune district regarding developers owing money to homebuyers is becoming increasingly dire. With prominent developers like Marvel Group & Developers, Xrbia Chakan Developers, and D.S. Kulkarni collectively owing a staggering ₹96 crore to customers, many individuals who have invested their life savings are left in limbo.
Despite MahaRERA ruling in favor of the buyers, the lack of enforcement has left these individuals waiting for justice. A total of 274 complaints have been filed, involving 140 projects, with a whopping ₹177.50 crore still pending to be recovered.
While some progress has been made, with 62 buyers receiving refunds totaling ₹42.31 crore, there is still a long way to go. The recent letter sent by MahaRERA to the District Collector has raised hopes for affected customers, who are eagerly awaiting the recovery of their funds.
It is clear that action needs to be taken against these developers to ensure that the hard-earned money of homebuyers is returned to them. The situation serves as a stark reminder of the risks involved in real estate investments and the importance of regulatory bodies like MahaRERA in protecting the rights of consumers.
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