India, June 18 -- The Maharashtra Real Estate Regulatory Authority (MahaRERA) has directed Godrej Properties to refund, without interest, the amounts paid by six homebuyers for seven flats in its Chembur-based project, Godrej RKS, in Mumbai.Godrej Properties acquired the project from the Kapoor family for residential development, redeveloping the former film studio owned by the late Bollywood actor and filmmaker Raj Kapoor.

The homebuyers had cited financial difficulties following the COVID-19 pandemic as the reason for seeking a refund. MahaRERA instructed that the agreements be terminated once the refund is processed.

While ordering the refund, the authority clarified that it cannot alter the terms of the agreement at this stage and d...