Deposit maintenance funds in soc a/c, developer told
Ahmedabad Mirror|November 26, 2024
GUJRERA rules that developer is responsible for mgmt handover, orders developer of SoBo's Aarohi Elysium to pay Rs 3.62cr deposit
Nikunj Soni
Deposit maintenance funds in soc a/c, developer told

In an important judgment, a bench of the Gujarat Real Estate Regulatory Authority (GUJRERA) has held that a developer is bound to form a society association after the completion of the project and has to repay the lifetime maintenance deposit taken from buyers. The authority ordered the developer of South Bopal-based Aarohi Elysium to pay the maintenance deposit of Rs 3.62 crore by forming a cooperative service society.

Esta historia es de la edición November 26, 2024 de Ahmedabad Mirror.

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Esta historia es de la edición November 26, 2024 de Ahmedabad Mirror.

Comience su prueba gratuita de Magzter GOLD de 7 días para acceder a miles de historias premium seleccionadas y a más de 9,000 revistas y periódicos.