[INDIAN REAL ESTATE NEWS] Good morning, everyone. I’m Kim suhyeon staff of Kamagroup Pvt. Ltd.
Here I have an important Indian real estate news to share with you which is as undermentioned.|
Citizens, who had flats in Lavasa but never got possession, can now heave a sigh of relief as real estate regulatory authority MahaRera has ruled that the developers need to pay back their money in full. The buyers had booked flats in the project between 2010 and 2014. They were assured flats in the next couple of years. Home buyers at the much-hyped Lavasa township have gone through a lot in the last few months.
First MahaRera ruled that complaints against Lavasa did not fall under their jurisdiction as the flats were not sold but given on lease for 999 years. Rera’s tribunal, however, reversed the order.
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Have a nice day.