MahaRERA attaches unsold Nirmal Nagari flats to recover fine

MahaRERA attaches unsold Nirmal Nagari flats to recover fine
30/10/2019 , by , in News/Views

In maybe the first such ruling at least in Vidarbha, Maha-RERA has issued orders for attachment of unsold units of Nirmal Nagari Complex, off Umred Road, which has 540 odd residential flats apart from commercial space. The attached property will be sold to realize the fine levied on the society for various lapses.

The project was implemented by Nirmal Ujjwal Credit Cooperative Society, headed by businessman Pramod Manmode.

The order comes after the society failed to pay6 crore fine levied on it for not registering the project under Maharashtra Real Estate Regulatory Authority (Maha-RERA). Selling units without registering the project is a violation of RERA laws.

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