[REAL ESTATE NEWS] Good morning, everyone. I’m Youngjae Ko representative of Kamaindia Pvt. Ltd.
Here I have an important Indian real estate news to share with you which is as under mentioned.
BUILDERS CAN’T BLAME SYSTEM FOR DELIVERY DELAYS, SAYS MAHARERA
MUMBAI: Builders cannot blame the approval system to seek exemption frm paying compensation to homebuyers for delay in completion of projects, said Maharashtra Real Estate Regulatory Authority in two rulings.
The regulator has ruled that the developer is not entitled to recover any money frm allottees without approvals of the competent authority. With this, MahaRERA has reinstated that builders need to desist frm launching projects and committing deadlines until permissions are i ..
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