Builder called stamp duty promise on property a typo; MahaRERA orders payment
MahaRERA has ruled against a builder who attempted to renege on a promise to cover stamp duty and registration costs, labeling the initial agreement a 'typo'. The regulator also addressed grievances regarding misleading project amenities.
Why it matters
The ruling reinforces consumer protection laws in the Indian real estate sector, holding developers accountable for contractual obligations.
You sign an allotment letter for a property which indicates that the stamp duty and registration costs will be borne by the builder. But, at the time of the sale agreement he backtracks. What do you do then?In one such case, when the homebuyer signed the allotment letter with the builder, he paid Rs 1.6 crore. Based on what was stated in the allotment letter, he understood that the builder would take care of the stamp duty and the registration charges.What the case is aboutThat understanding changed when the time came to execute the sale agreement, with the builder telling him that it would not bear those expenses.There was another issue with the project.
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