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MahaRERA Chairman Ajoy Mehta said that the organisation has received a number of complaints from property buyers about the poor quality of construction. Per the RERA Act, the developer is responsible for the same for a period of five years from handing over possession.
The promoter has been ordered to pay interest of MCLR plus 1 percent to the allottee for the delayed period from April 2022 till the receipt of OC or CC, the authority said.
The Real Estate Regulatory Authority (Rera) in the state has planned three initiatives that it hopes will help it deal with stalled projects and ensur
This will be one of the prerequisites for a builder to qualify for the mechanism the authority is considering to rank builders in the state
The QR code will help prospective homebuyers access information about a real estate project using their smartphones.