MAHARERA declares society as promoter

Dated on: Monday 26th August 2019

A housing society in Vidyavihar has been declared as a co-promoter of the project by MAHARERA where the society has been penalized with Rs. 15 lakh for violation of Section 15 of the RERA Act, 2016. Section 15 states that prior consent of two-thirds of flat buyers and written approval of the authority is mandatory before transferring development rights. Revoking HC order MAHARERA held that since the society executed an agreement with the builder for the construction of a new building by demolishing the existing one and sell additional flats, it comes under the definition of the promoter.

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