Booked a Flat? What If MahaRERA Cancels the Project Approval! скачать в хорошем качестве

Booked a Flat? What If MahaRERA Cancels the Project Approval!

Can MahaRERA Cancel a Project Registration? | What Happens to Your Money? | Dr. Vasant Prabhu About this Video: A common fear among homebuyers is: "What if MahaRERA cancels the project registration?" or "Can a builder cancel their own project if it's not profitable?" In this video, Dr. Vasant Prabhu explains the rules regarding Project Deregistration. Forced Cancellation: MahaRERA can revoke registration under Section 7 only for serious violations (fraud, unfair practice). This is rare. Voluntary Cancellation: Sometimes, a builder realizes the project is not financially viable and asks to cancel it. The Buyer Protection Rule: Dr. Prabhu clarifies that MahaRERA does not allow cancellation if even a single flat is booked, unless: The builder obtains an NOC (No Objection Certificate) from every existing homebuyer. The builder refunds the money with interest to all buyers. About the Speaker: I served as the Secretary (CEO) of MahaRERA (2017–2024). We established these strict norms to ensure builders cannot simply "walk away" from a project leaving buyers stranded. Subscribe for deep insights into Real Estate Laws. 👉 Subscribe now for more RERA-related guidance ‪@DrVasantPrabhuRERACircle‬ homebuyer awareness & real estate tips. #MahaRERA #ProjectCancellation #HomeBuyerRights #DrVasantPrabhu #RealEstateIndia #maharera #homebuyerrights #reraguide #propertyinvestment #realestatetipsindia #safehomebuying #reramaharashtra #housebuyingguide #propertybuyingtips #homebuyers