In 2017, Mumbai developer fights fire on 3 fronts
Lodha Developers saw 2 cases from flat buyers, another for stamp duty evasion
The same is accepted,” the MahaRERA order reads.
Singh had approached MahaRERA seeking interest and compensation for undue delay by the developer for handing over possession of a flat.
When asked about Singh’s complaint, a spokesperson for Lodha Developers said, “Lodha handed over 7200 units to customers last year which is by far the highest in the country. Our focus is on delivering high quality residences and offices. In relation to the fact that a case was filed and then withdrawn and the person is choosing to go to another forum, we have nothing to comment on the matter. As and when the matter is filed in the appropriate forum, we will respond on merit.”
But the biggest blow was alleged case of stamp duty evasion by the Lodha Developers in a land transaction in Wadala where the Mumbai Collector of Stamp Duty slapped a notice of Rs 470 crore seeking dues and penalties for alleged stamp duty evasion. The land deal was worth Rs 5,700 crore.
The Inspector General of Registration (IGR) Maharashtra is expected to pass an order soon the matter. The matter even went to the Bombay High Court, which asked the developer to pay Rs 202 crore. A hearing regarding the same is in process with the IGR. IGR Anil Kawde said, “I am yet to pass an order in the matter.” A spokesperson for Lodha Developers claimed the entire amount of Rs 200 crore had already been deposited.