Maharashtra Real Estate Regulatory Authority Cracks Down on Mumbai Builder Over Defects and Delayed Conveyance
मुख्य बातें
- •MahaRERA has taken action against a Mumbai-based builder for defects and delayed conveyance
- •The builder has been ordered to rectify defects and complete the conveyance process within a stipulated timeframe
- •The action is part of MahaRERA's efforts to regulate the real estate sector and protect consumer interests
- •The decision is expected to have far-reaching implications for the real estate industry in Maharashtra, promoting transparency and accountability among developers
The Maharashtra Real Estate Regulatory Authority (MahaRERA) has once again pulled up a Mumbai-based builder for failing to address defects in their construction project and delaying the conveyance of properties to homebuyers. This move is part of MahaRERA's ongoing efforts to regulate the real estate sector and protect the interests of consumers. The regulatory body has been actively monitoring developers and taking strict action against those who fail to comply with the rules and regulations.
The builder in question has been facing complaints from homebuyers regarding defects in the construction and delays in obtaining the conveyance deed. Despite previous warnings and directives from MahaRERA, the developer has failed to take corrective action, prompting the regulatory authority to take further action. MahaRERA has ordered the builder to rectify the defects and complete the conveyance process within a stipulated timeframe.