Скачать или смотреть Redevelopment Alert: Society Becomes Promoter Under RERA If It Shares FSI | MahaRERA Explained

In a crucial redevelopment ruling, the Maharashtra Real Estate Appellate Tribunal (MahaREAT) has held that a housing society can be treated as a promoter under RERA if it shares FSI or constructed area with a developer.

This decision has serious implications for redevelopment projects across Mumbai and Maharashtra. The Tribunal ruled that when a society enters into an area-sharing or FSI-sharing arrangement, it becomes a landowner-promoter and can be held liable towards new homebuyers, including payment of interest for project delays.

This video explains:

When a housing society becomes a promoter under RERA

How FSI or area sharing changes legal responsibility

Why societies can be jointly liable with developers

What this means for homebuyers stuck in delayed redevelopment projects

If you are part of a housing society, managing a redevelopment, or a homebuyer affected by project delays, this ruling is extremely important.

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