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Blogs - Madhya Pradesh Archives - Centrik
Centrik
Madhya Pradesh
Rera Case State:
Madhya Pradesh
Construction as the proper norms of RERA
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Refund of amount along with cost of complaint
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No compensation if booking is cancelled during construction period
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No compensation if the buyer has defaulted in payments
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No same Claim from Two different Authorities (Double Jeopardy)
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Delay in Possession-MP RERA
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Consequences of delay in payment by the complainant
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Developer not liable to repayment of Loan EMI’s
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Penalty for Incomplete Construction
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Deduction of earnest money as specified in the builder buyer agreement
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Buy Back clause in builder buyer agreement
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Registry of unit in pre-RERA Era
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RERA does not have the authority over the matters of Illegal Possession
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Settlement done in post RERA Era
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Authority cant force either of the party to buy or sell the unit
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