For years, Nakta Investment Pvt. Ltd. and Morya Housing Ltd., both part of the Morya Group under Uttam Jhavar, used various tactics—court stays, regulatory loopholes, and vague communication—to delay possession and agreements.
The Landmark RERA Ruling
MahaRERA’s recent decision against Nakta Investment Pvt. Ltd. over Morya Grand, Oshiwara, marks a legal turning point. The builder has been directed to execute the sale agreement within 30 days and deliver possession with OC before December 31, 2020, or pay interest from January 2021 onward.
Commercial Buyers Now Protected
This ruling also establishes that commercial buyers—like the Bansals, who purchased office spaces—fall under RERA protection, challenging the belief that RERA is only for residential buyers.
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Growing Number of Legal Cases
Importantly, this case is just one among many now active against Morya entities. Buyers from Kamothe, Khandeshwar, and other Morya projects have filed similar cases citing non-execution of agreements, false promises, and possession delays.
More than a dozen complaints are now pending at MahaRERA and in consumer courts.
Uttam Jhavar: Legal Liabilities Piling Up
As a director in over 19 companies, including Nakta and Morya Housing, Uttam Jhavar’s leadership and decision-making are now under legal scrutiny. Buyers and legal experts believe that this case opens the door for personal liability claims against him.
