Browsing Tag
Occupancy certificate
18 posts
MahaRERA’s Rule on Housing Society Formation: A Guide for Homebuyers in Maharashtra
Under MahaRERA guidelines, developers must enable the formation of a housing society or legal entity within three months from when 51% of apartments are booked or upon receiving the Occupancy Certificate (OC). This provision, per Section 11(4)(e) of the RERA Act, empowers homebuyers by shifting control from promoters to residents.
“Fit-Out Possession” Declared Legally Invalid Without OC: MahaRERA Rules in Favor of Delayed Homebuyers
In a landmark MahaRERA ruling, “fit-out possession” without OC is deemed legally invalid, holding promoters liable for delays in a Vasai housing project. Homebuyers awarded interest from Dec 2018, deferred till OC, highlighting RERA’s balance between buyer relief and project viability.
From ₹8,000 to ₹9,500: How a Rate Row Between Two Builders Delayed 80 Families for Two Years
“₹8,000 or ₹9,500 per sq.ft.?
One builder’s greed over ₹1,500/sq.ft. kept 80 ready Pune flats locked for two years.
Today the Bombay High Court said ENOUGH — quashed the stop-work notice and ordered immediate possession.
When private fights hurt real home-buyers, the court steps in.”