Experts say that the zero period waiver on interest and penalties imposed on developers for financial defaults is also a positive development for various stakeholders in the NCR real estate sector.
Homebuyers in Bengaluru say there have been many instances of promoters or servicing companies not returning the maintenance deposit they have taken from the homebuyers
The Authority said the completion certificate, obtained by the Mantri Group before RERA was enacted, did not contain the name of the project. Additionally, it said the project clearances were obtained after the enactment of RERA.