Question

General liabilities of promoter under flats act 1963

Answer 1

The Act regulates the promotion of construction, sale, management and transfer of flats purchased on ownership basis, in the State of Maharashtra. The general liabilities of Promoter (Builder/Developer), and Flat purchasers as defined are reproduced in short:-

General Liabilities of Promoter (Builder): –

The promoter who constructs or intends to construct a building of flats, on
demand or on 7 days notice from flat purchaser