Author: Government of Maharashtra
Place: Mumbai
Publisher: Government of Maharashtra
Year: 2006
Pages: 16
Subject: Government Document
Sub-Subject: Act
Keyword: Maharashtra Act, Ownership Flats, Construction, Sale, Management and Transfer Act
Classification: 340
Shelf: C2R3
Accession No: B844
Contents: Preamble, Section, Short title, extent, commencement and duration, Definitions, General liabilities of promoter, promoter before accepting advance payment or deposit to enter into agreement and agreement to be registered, Effect of non-registration of agreement required to be registered under section 4, Promoter to maintain separate account of sums taken as advance or deposit and to be trustee therefor and disburse them for purposes for which given, Responsibility for payment of outgoings till property is transferred, After plans and specifications are disclosed no alterations or additions without consent of persons who have agreed to take the flats, and defects noticed within a year to be rectified, Removal of doubt, Refund of amount paid with interest for failure to give possession within specified time or further time allowed, No mortgage, etc, to be created without consent of parties after execution of agreement for sale, Promoter to take steps for formation of co-operative society or company, Promoter to convey title, ect, and execute documents according to agreement, General Liabilities of flat-taker, Manager not to cut off, withhold, curtail or reduce essential supply and service, Offences by promoters, Power of Magistrate to pass sentences under this Act, Offences by companies, Power to make rule, Act to be in addition to transfer of Property Act and to Over-ride contract to the contrary, Application of certain provisions to flats already in existence, Act not to apply to Housing and Area Development Authority and Boards