MahaRERA – Being Aware Of Market Conditions, Builders Should Conduct Due Diligence Before Declaring Project's Possession Date

The article discusses Maharashtra RERA's stance on market conditions affecting builders' project timelines. It emphasizes builders' obligation to conduct thorough due diligence to ensure realistic possession date commitments to buyers. Maharashtra RERA's directives aim to protect consumer interests by holding builders accountable for timely project completion amidst fluctuating market conditions. This approach underscores the importance of transparency and adherence to regulatory standards in the real estate sector.