Makarand Manchekar, Apartment Resident
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Is that Buiders are Bound to MAHARERA ACT?
Q: As per RERA builder supposed to give us 31St December 2018. But considering work scenario and Progress he cant able to finish there work till April 2019. So can we demand compensation to builder or not??

Latest Answer: Most property contracts provide an estimated stipulation of the time period for construction. Please go through your contact papers to figure out the duration. If the possession date is 31st December 2018, then your builder has to give the possession on the given time otherwise he has to pay the penalty up to 10% of the property cost.

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