Hailed as a ‘landmark order, this is one among half a dozen such orders in the history of MahaRERA where allottees have been given the liberty to decide the future course of their stuck project.
The Maharashtra Real Estate Regulatory Authority (MahaRERA) has directed the landowner of a land parcel in the Boisar area of Mumbai Metropolitan Region (MMR) to take over a stuck real estate project from the developer to complete it and hand over timely possession to the homebuyers. This, since the developer has abandoned the project and has not appeared in hearings of MahaRERA, said MahaRERA in its order.
Source – Money Control
