hyderabadupdates.com Real Estate Gujarat RERA orders builder to pay maintenance charges for unsold units

Gujarat RERA orders builder to pay maintenance charges for unsold units

Gujarat Real Estate Regulatory Authority has ruled developers must pay maintenance for unsold housing units. This applies from the date Building Use permission is granted until the units are sold. The authority stated promoters are responsible for running maintenance on unsold flats. This decision impacts many housing societies. Developers cannot avoid maintenance liabilities for unsold inventory after BU permission.

Related Post

Under Construction Project Stalls: RERA vs IBC Remedies ([full_year] Guide)Under Construction Project Stalls: RERA vs IBC Remedies ([full_year] Guide)

Thousands of homebuyers across India face a nightmare when an under construction project stalls after years of consistent payments. Statistics indicate that over 4 lakh housing units are currently stuck