MREAT quashes MahaRERA’s order over arbitration in Winter Green project
MUMBAI: The Maharashtra Real Estate Appellate Tribunal (MREAT) set aside a Maharashtra Real Estate Regulatory Authority (MahaRERA) order, passed in July 2022, where MahaRERA asked 36 complainants, who were allottees in a Borivli project, to take the recourse of arbitration as it was a clause in the sale agreement. MahaRERA, in its order, stated since the agreements for sale were executed between 2012-16, prior to Real Estate (Regulation and Development) Act, 2016, Act, the allottees needed to take recourse to the arbitration clause. However, the tribunal observed Bombay High Court held a dispute between individual allottees and a promoter under…