MahaRERA: A non-resident Indian (NRI) paid Rs 97 lakh to book a Godrej flat, however when Godrej cancelled the flat booking, entire money (Rs 97 lakh) was allegedly forfeited by Godrej. After a 6 year fight MahaRERA appelate tribunal ordered Godrej to pay Rs 97 lakh plus State Bank of India (SBI) highest MCLR interest rate plus 2% to the NRI. By calculation this comes to Rs 1. 26 crore.
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