Registered sale agreement must to seek interest on home delays

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Posted In Property Trading Steps
Registered sale agreement must to seek interest on home delays

MUMBAI: The Maharashtra Real Estate Regulatory Authority (MahaRERA) has ruled that a registered sale agreement is necessary for a home buyer to seek interest on delay by the real estate developer in granting possession. 

The ruling is significant as many home buyers, particularly investors, still continue to rely on letter of allotment even after making a significant payment to the developer and do not enter into an agreement to delay paying stamp duty, goods and service tax (GST) and ot .. 

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