Summary:
MUMBAI: In a relief for flatbuyers in a Goregaon redevelopment project, the Maharashtra Real Estate Regulatory Authority (Maha RERA ) has held that a housing society is also a promoter.The Maha RERA recently heard a complaint by purchasers of flats in the sale component of a project called Horizon. The Authority said HC drew conclusion that society being owner of the land is not responsible by relying on MOFA’s definition of promoter. The purchasers’ advocate Lakshmi Murali argued that the complaints are maintainable because the society being the owner of the land is a promoter. Due to non-compliance of development terms, the society terminated the developer and further refused to accept the rights of the purchasers to get their homes. Further, it claimed that there is no privity of contract between the society and the complainants..