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Mumbai: RERA gets flat-buyers money back with interest from builder

Real estate monitor gets flat-buyer his money back plus interest; lawyers hail move to allow case on basis of allotment letter

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Vaibhav Singh fought the case himself
Vaibhav Singh fought the case himself

In a first, since the formation of the Real Estate (Regulation and Development) Act, 2016 (RERA), the MahaRERA (RERA in Maharashtra) has passed an order in favour of a flat buyer on the basis of an allotment letter, instead of the mandatory registered sale agreement required for registering such complaints. Real estate lawyers and activists have welcomed the order seeing it as a big move in favour of the consumer.

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