MahaRERA: Bought a shop for retirement income but found no tenants; here's why the regulator rejected senior citizens' plea
India, Oct. 12 -- Senior citizens' inability to find tenants for a commercial shop does not entitle them to seek an alternative showroom from the developer, the Maharashtra Real Estate Regulatory Authority (MahaRERA) has ruled, rejecting a plea for a replacement unit or compensation.
The MahaRERA order said, "Complainant's inability to find tenants does not entitle them to seek an alternative showroom, MahaRERA is of the view that there is no provision under RERA, under which such relief can be granted by MahaRERA. Hence, the same stands rejected."
The senior citizens purchased the shop to generate rental income during retirement, but claimed that poor visibility and inadequate access, owing to an incomplete 24-metre-wide Development Pl...
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