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Over 250 stuck housing projects get Rs 24,151-crore funding support : Rashtra News #stuck #housing #projects #24151crore #funding #support The fund, set up under the Special Window for Affordable and Mid Income Housing (SWAMIH), has granted final approval to investments of Rs 10,992 crore in 111 projects, while preliminary nod was given to 141 projects
Homebuyers in Bengaluru say there have been many instances of promoters or servicing companies not returning the maintenance deposit they have taken from the homebuyers
The builder had apparently not handed over flats to buyers who had sought legal remedies for the repeated and lengthy delays in handover of the flats.
The Authority said the completion certificate, obtained by the Mantri Group before RERA was enacted, did not contain the name of the project. Additionally, it said the project clearances were obtained after the enactment of RERA.
The counsel for the developers argued that criminal action had been taken in a matter which was purely contractual in nature.