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Payment Default

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India’s housing market is shifting toward bigger homes, with average apartment sizes rising 17% in two years as luxury demand surges and buyers prioritize space, lifestyle, and premium living.

Payment Default by Homebuyers: MahaRERA Upholds Builder’s Right to Cancel Allotments

MahaRERA has ruled that homebuyers who repeatedly default on payments risk losing their flats, upholding a builder’s right to cancel allotments under Section 11(5) of the RERA Act.
MahaRERA Order

Homebuyer Loses Flat, Payment Forfeited After Ignoring MahaRERA Order to Clear Dues

A recent MahaRERA order highlights the severe consequences for homebuyers who default on property payments and disregard regulatory directives. In a notable case, a homebuyer lost his flat and forfeited a significant amount already paid, serving as a critical warning for all property aspirants.