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Mumbaikars will have to wait for dream homes
Updated On: 24 August, 2017 09:23 AM IST | Mumbai | Chetna Sadadekar
Builders push forward project completion dates while registering with authority; homebuyers to suffer, as they won't get properties on dates decided in agreements earlier


A survey has stated that the deadline for almost six out of 10 under-construction houses was revised by more than a year. Pic for representation
Thousands of homebuyers who intend to move into their new houses as per the dates mentioned in the agreement with builders, will not be able to do so then, as majority of developers have pushed their project completion dates forward by more than a year, to ensure that they don't come in the firing line of MahaRERA. Builders seem to have done this to give themselves some more time for the work, and to avoid paying penalties to MahaRERA in case of a delay on their part.


