PROMOTER HAS TO OBTAIN CONSENT OF 2/3RD ALLOTTESS FOR CHANGE IN THE LAYOUT/USAGE OF THE PROJECT : MREAT

Published On: 07/11/2022

Practice Area: Real Estate

Authors:

Recently, Hon'ble Maharashtra Real Estate Appellate Tribunal (“MREAT”) in the case of Dilip J Mehta vs. Akshar Developers & Ors., directed the Promoter to deliver possession of alternative units in lieu of units already booked of equal area at the already agreed price of total consideration, fortifying the position that the promoter/developer cannot amend or alter the sanctioned plan or layout or usage of the project without the consent of 2/3rd of the allottees. INDUSLAW's Avikshit Moral and Mahek Chheda provide their insights on the order.