RERA: Mumbai couple wins Rs 20.65 lakh against builder who forfeited booking amount for cancellation of the deal

RERA: The Maharashtra Appellate Tribunal (MahaREAT) has ruled that a promoter cannot arbitrarily forfeit advance money paid for a flat. The promoter must show a just and reasonable cause or show that due to the booking cancellation the promoter faced loss. MahaREAT said that the promoter violated both section 13 and 18 of RERA Act.
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