News & Views on Indian Real Estate

Thursday, September 25, 2008

Tough Time Ahead For Builders In Maharashtra

The Maharashtra Government has made it mandatory for builders to sell flats on the basis of carpet area, amending the Maharashtra Ownership Flats (regulation of the promotion of construction, sale, management and transfer) Act, 1963. "People end up paying more money for built-up area or super built-up area of flats and the amendment will help them save money," an official from the Housing Department said.

Pawan said...

Excellent move. Maha govt. must be congratulated and all other govts should follow suit.

Anonymous said...

builder has shown ignorance about this new rule. can any one say in which gazette or under which notification it was issued?

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