Amidst news of discrepancies committed in the real estate sector of India, prior to the application of the Real Estate Act, the Maharashtra Real Estate Regulatory Authority (MahaRERA) has come up with a new rule.
The MahaRERA has ruled out that the authority can still decide complaints even if it happened before RERA came into force.
In one case the developer had argued that since the cancellation of the allotment of houses was executed prior to the real estate regulator's coming into force on May 1, 2017, there was no cause of action. MahaRERA, however, ruled that it can still decide the complaints since the developer has not refunded money to the home buyers yet.