Manipur RERA Recovers ₹50L for 5 Imphal Homebuyers

0
385

Manipur RERA Resolves 5 Homebuyer Complaints in Imphal, Recovers ₹50 Lakh in Compensation

The Manipur Real Estate Regulatory Authority (RERA) has successfully resolved five homebuyer complaints in Imphal, leading to the recovery of ₹50 lakh in compensation. The cases involved issues ranging from project delays and non-delivery of promised amenities to incomplete construction and lack of transparency by developers.

Key Details:

  • Nature of Complaints:

    • Delay in possession beyond agreed timelines

    • Non-refund of booking amounts after cancellation

    • Discrepancy between promised and delivered flat specifications

    • Lack of project registration under RERA

    • Communication lapses regarding project progress

  • Location of Projects:
    All five complaints were related to residential projects in Imphal East and West, indicating growing buyer awareness and accountability within Manipur’s real estate sector.

  • Compensation Outcome:
    A cumulative amount of ₹50 lakh was directed to be refunded to the aggrieved buyers either as part of delayed penalty, refund with interest, or compensation for contract breaches.

RERA's Role:

The authority emphasized that all developers operating within the state must ensure:

  • Timely project completion

  • Full disclosure under RERA guidelines

  • Regular updates to homebuyers

  • Adherence to approved layouts and amenities

RERA also warned that repeated violations could lead to project de-registration, financial penalties, or criminal proceedings.

Impact and Response:

Homebuyers and citizen forums welcomed the move, stating it boosts consumer confidence and encourages responsible development in Manipur’s growing real estate market. Legal experts noted that swift resolution under RERA boosts transparency and provides a safer environment for property investments.

Search
Categories
Read More
NexMates
“From Uncertainty to Income – My NexMates Journey”
Before NexMates, I struggled to find steady work. Some days I had no jobs, and I wasn’t...
By NexMates 2025-06-23 04:36:45 0 835
NexMates
“Beauty. Care. Support. NexMates Delivers It All.”
Whether you need a beautician for a quick glow-up, a nurse for elder care, or a driver to get you...
By NexMates 2025-06-25 10:11:42 0 832
NexMates
Bridging the Gap: Nexmates Connects Urban & Rural Communities
Reliable services shouldn’t be limited by location. Nexmates ensures equal access to...
By NexMates 2025-06-10 11:25:06 0 968
Partners
Agents Can Maximize Opportunities Through Prop Partners
Real estate agents thrive on strong industry connections, access to high-value listings, and...
By PROP Partners 2025-04-29 05:26:29 0 2K
NexMates
Korean Glow Facial – Radiance, the Korean Way
Say goodbye to dull skin and welcome the natural glass-like glow with our Korean Glow...
By NexMates 2025-07-10 06:58:57 0 4K
PROPIINN | IINNSIDE https://agent.propiinn.com