SC ruling may deter builders from challenging Rera orders
The Times of India Mumbai|November 15, 2021
Pre-Deposit Must For Appeals
Dipak.Dash
SC ruling may deter builders from challenging Rera orders

New Delhi: In what could be a relief for homebuyers and deter builders from the usual practice of resorting to long legal recourse by challenging orders of RERA authorities, the Supreme Court in a recent judgment has upheld a provision in the real estate law, which makes it mandatory for builders to deposit full compensation and interest ordered by the regulator or at least 30% of the penalty as a pre-condition for challenging any such order before the appellate authority.

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The Times of India Mumbai

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The Times of India Mumbai

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The Times of India Mumbai

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The Times of India Mumbai

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