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Maharashtra RERA a sham- The Urban Debate
Posted
December 12, 2016
Views
2,994
Likes
28
Comments
13
Engagement
1.37%
December 12, 2016
2,994
28
13
1.37%
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58:33Now PlayingMaharashtra's draft RERA rules leave the buyer out in the cold. It dilutes provisions for the critical escrow to be set aside by the developer. These entire sets of rules are a sham. They leave massive gaping loop holes for developers to get out of their responsibility. Money collected by developers in ongoing projects need not be deposited in the escrow account. To discuss this issue Magicbricks Now caught up with Uday Wavikar- Vice President, Consumer Court Bar Association Maharashtra & Goa, Ramesh Prabhu- Chairman, MSWA(Maharashtra Societies Welfare Association), Aditya Pratap- Advocate, Bombay High Court, Shirish Deshpande, From Fight for RERA Group and also Chairman Mumbai Grahak Panchayat, Rajan N Bandelkar, Vice-President (West), Naredco and Harshad V Bhadbhade, Advocate, High Court.
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