Browsing Tag
SRA projects
5 posts
No Date, No Justice: MahaRERA Rejects Homebuyer’s Delay Claim Over Vague 2011 AFS
In a controversial order, MahaRERA has rejected a homebuyer’s claim for interest on delayed possession solely because his 2011 Agreement for Sale did not mention any specific date. The Authority dismissed the complaint filed by Imran Haedr against K.K. Constructions but directed a refund as per contract terms. The ruling highlights the risks of signing agreements with vague possession clauses even in the RERA era.
🏗 Builders to Pay Corpus First in SRA Projects Before Selling Homes
Maharashtra has tightened rules for SRA projects, requiring developers to deposit the full rehab corpus before selling free-sale flats. The move aims to plug financial gaps, secure slum rehabilitation funds, and speed up redevelopment timelines in Mumbai.
Exclusive: BMC Seeks Special Planning Authority Status for SRA Projects on Its Land
The BMC has requested Special Planning Authority status for SRA projects on its land, hoping to accelerate redevelopment efforts. However, experts warn that this move could diminish the role of the SRA in managing slum rehabilitation in Mumbai. The proposal awaits discussion once the new state government is formed.