MOU is enough to prove Ownership said MAHARERA

Dated on: Friday 6th September 2019

When 2 homebuyers complained on behalf of MOU(Memorandum of Understanding) against a project by Sahyog Homes Ltd. In Oshiwara, the developer claimed that these were not homebuyers but investors and MOU was not registered. On this, the MAHARERA clarified that the developer should not have accepted such a huge amount when the project was not progressing and directed the company to refund Rs. 82.95 lakh with 10.75% interest from 2012 declaring MOU as enough proof of ownership.

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