According to MahaRERA, a complaint regarding delayed handover by the developer can trigger Section 18 of the RERA Act (compensation) only if the delay persists at the time of filing the complaint. In an order, the Maharashtra Real Estate Regulatory Authority stated that homebuyers cannot seek compensation or interest for delayed possession under Section 18 of the RERA Act once they've taken possession of...
MahaRera Act
The Real Estate (Regulation & Development) Act, 2016, Makes It Mandatory to Have a Single Bank Account for The Project Under One Registration Number. This Is Aimed at Proper Completion of the Registered Housing Projects Without Any Diversion of Funds. 1,781 Projects Have Violated The Rules By Linking Their Bank Accounts To More Than One Project.An Investigation Undertaken By The Maharashtra Real...
