Blogs

(image source : Viacom18 Studios) Quick Context: Akshay Kumar, married to Kareena Kapoor, buys a flat in the Project launched by the...

When does the status of the allottee revert post the cancellation? Firstly, the status of the allottee signifies whether he can file a...

Can Promoter refund the amount to the Buyer, upon termination, after selling it to a new Buyer? There have been various instances, where...

What if no possession date is agreed between Buyer and Promoter? It is mandatory to disclose/agree upon the possession date, but it could...

What will happen to the real estate projects declared as lapsed by MahaRERA? Firstly, lapsed projects are projects which have lapsed the...

What is Advance Disbursement Facility (ADF) & Pre-EMI? ADF is payment of complete amount of home/office… upfront and once. While Pre-EMI...

Can Promoters be excused from delay in possession for factors beyond their control? Generally, the possession of flat, office… to the...

Homes, Offices… may not get costlier The input cost of construction activity had risen due to a steep increase in the prices of Steel,...

Who is liable to compensate the Buyer for defaults - whether redeveloping society or 1st promoter or 2nd promoter? This case will arise...

What if the Project is extended without particular Buyer’s consent and Buyer is not agreeable to new date? Evidently, the Covid-19...

What if home sale agreements are registered illegally? Recently, 10,561 registered agreements in Maharashtra were found violative of RERA...

With the high input costs of construction materials and labour, the homes are getting costlier sooner than expected. Even in such case,...

Can Promoter file complaint against errant Buyer to MahaRERA/RERA Authority? RERA works both ways, for both Buyer & Promoter as well. If...

Will investors be treated as buyers or as different category, acc. to RERA & MahaRERA? Buyers, etc are termed as ‘Allottees’ in RERA Act....

What are Promoters’ duties towards Buyers, generally? Registration of Project (except exempted ones) Disclosure of all Project-related...

What if the RERA Registration of Project has been expired? The registration expiry will arise only when the project is incomplete past...

What if there is defect in new flat, shop, etc or common area in the project? The types of defects that can be warranted under RERA -...

How is carpet area calculated? Why is it a benchmark while selling? The carpet area of a flat, etc is net usable floor area of flat +...

When and why would Promoter be liable to issue refund, interest and/or compensation to the Buyer? These scenarios will only arise when...

What happens if a Buyer wants to cancel the flat? Rather, how can the deal be cancelled? The answer varies depending on two wide...