The Odisha Real Estate Regulatory Authority (RERA) recently took decisive action against a prominent real estate developer, instructing the builder to cease all flat bookings due to significant non-compliance with established norms. This bold move underscores the increasing vigilance of regulatory bodies to ensure transparency, accountability, and consumer protection in the real estate sector. The...
In a landmark decision, the Maharashtra Real Estate Regulatory Authority (MahaRERA) has directed a builder to pay interest to a homebuyer for delayed possession of a flat. This ruling underscores the growing emphasis on protecting homebuyers' rights in India’s real estate market and holds builders accountable for project delays. Background of the Case The homebuyer had booked a flat in a...
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