RERA: What if force majeure clause taken as a defense by the builders
The builders are taking force-majeure clause in the agreement as an excuse to escape their liabilities and get rid of the demanded claims.
The builders are taking force-majeure clause in the agreement as an excuse to escape their liabilities and get rid of the demanded claims.
The Real Estate Regulatory Authority Mumbai is experiencing a rough task in handling with housing ventures that are not registered under RERA, over which it has no control.
A complaint was filed by Umesh Vyas against the developer Prima Terra Buildetch Private Limited and Satsasang Bharti CHS Ltd. The complainant approached MahaRERA seeking the interest on delayed possession.
The Maharashtra RERA in its ruling shed some light on the refund of booking amount as in its order the authority directed the developer to give back the booking amount.
Till date MAHA RERA has disposed approx. 850 complainants and in majority the aggrieved home buyers got the relief.
Maha RERA has given ruling on one very important aspect which is about the applicability of RERA Act on properties which are on lease/rent.