MahaRERA Orders Refund with Interest for Kalpataru Yashodhan
MUMBAI: The MahaRera has instructed the promoters of the Kalpataru Yashodhan project in Andheri West to refund over Rs 1.40 crore, along with interest at SBI’s highest Marginal Cost of Lending Rate (MCLR) plus 2%, to a couple who booked a flat worth over Rs 7.12 crore. The couple paid a total of over Rs 1.46 crore in 2017, with possession promised by December 2018. The couple, Hina and Sanjay Choksi, represented by advocate Dharmendra Damani, argued that the promoters failed to provide possession within the stipulated time and forfeited the entire payment made by them in February 2020, despite…