Tribunal directs Mumbai developer to pay 2% penalty, apportion sale proceeds from commercial units, execute conveyance
· Reported by The Times of India
The Maharashtra Real Estate Appellate Tribunal directed the promoters of RA Residences in Dadar East to deposit a 2% project-cost penalty, share sale proceeds from commercial units built using additional FSI/TDR, hand over remaining guest parking and execute conveyance for the society. The order matters to societies and title diligence teams because it treats informed consent and conveyance obligations as continuing RERA duties after possession and occupation certificate.
We have not written our own note on this one yet. The source report and, where we found it, the primary document are linked below.
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