Penalty structure will ensure accountability: RBI rule for banks to ease loan closure
The Reserve Bank of India said original property documents must be returned within 30 days of borrowers settling their personal loans.
Source: moneycontrol.com
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Development manager, builder both liable for delay in Mulund project: Rera | Mumbai News
The buyers had paid under Rs 20 lakh each so far. MUMBAI: Is the development manager who signs an agreement with a builder for exclusive rights to sell flats liable to pay compensation to the buyer in case of delay or does liability rest only with the builder? A RERA order on March 5 said both were liable in a Mulund project, reports Swati Deshpande. MahaRERA directed the development manager, a subsidiary of Shapoorji Pallonji Group, and Nirmal Developers, to refund the money paid by four flat purchasers with 9% interest for delay in construction and possession of flats. MahaRERA member B ...
Source: indiatimes.com