How to Claim Compensation for Delayed Property Possession MahaRERA Guide | SaudaGhar
Автор: SaudaGhar
Загружено: 2024-12-09
Просмотров: 1478
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If your property possession is delayed by over a year, you are entitled to claim compensation. Start by reaching out to the developer, maintaining clear communication through emails, and requesting compensation for the delay. If the developer does not respond or resolve the issue, you can escalate the matter to MahaRERA. The authority offers an option for amicable settlement before proceeding further, encouraging open dialogue between both parties.
It’s important to note that while recovery rates post-warrant issuance stand at around 20–30%, many buyers have successfully received compensation, often with interest. Although exceptional cases, like a builder declaring bankruptcy, may complicate recovery, pressure from MahaRERA and strict legal action can improve your chances of resolution. Watch this video to understand the process and steps to secure your rightful compensation.
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