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In 2017, Mumbai developer fights fire on 3 fronts

DNMUM398542 | 10/13/2017 | Author : Varun Singh | WC :463

Lodha Developers saw 2 cases from flat buyers, another for stamp duty evasion
DNA SPECIAL
Mumbai: The year 2017 has not been particularly good for the Lodha Developers, at least not on legal front where one of Mumbai’s biggest real estate firms has had to deal with at least three cases that brought their name under cloud.
The first big blow for the real estate biggie was a Maharashtra Real Estate Regulatory Authority order that forced the Lodhas to refund booking amount to a complainant who had cancelled his booking in Lodha’s Ultima project in Thane.
A homebuyer Roshan Nawale had lodged a complaint with the newly installed housing regulatory authority saying the developer was not returning his money even though he had cancelled his booking at Ultima in Thane. Sensing trouble, Lodha Developers ate the humb
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