Public body selling land to builders cannot be made co-promoter in MAHARERA

Dated on: Thursday 20th June 2019

After receiving complaints from Navi Mumbai builders who are members of CREDAI- MCHI (Raigad) the MAHARERA order clarified that the City and Industrial Development Corporation (Cidco) cannot be made a co-promoter when it has sold the land to the builders in which off-site infrastructure around the plot is not mandated to be done by Cidco. In otherwise case, the builder can include Cidco as a promoter (land-owner).

 

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