[INDIAN REAL ESTATE NEWS] Good morning, everyone. I’m Kim suhyeon staff of Kamagroup Pvt. Ltd. Here I have an important Indian real estate news to share with you which is as undermentioned.
PUNE: IT security consultant Shreeram Mulay has been for a year following up with MahaRERA regarding his complaint related to the possession delay in a DSK project.
The Maharashtra Real Estate Regulatory Authority (MahaRERA) had in November last year issued a recovery warrant notice. But because of the alleged Rs 2,0911.11 crore economic fraud by D S Kulkarni and his group of firms, the complainant is not getting the recovery amounts despite frequent visits to the MahaRERA and Punecollector offices.
“All that they cite is ‘technical reasons’ for the delay in the recovery. Why can’t MahaRERA appoint officials to ensure proper follow-ups of such cases and serve the basic purpose of the Real Estate (Regulation and Development) Act, 2016?” asked Mulay, who had invested his mother’s pension amount in the project.
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