India, April 4 -- In a landmark order that could impact around 700 buildings in Mumbai with partial Occupation Certificates (OCs), the Maharashtra Real Estate Appellate Tribunal (MREAT) has directed Mumbai-based real estate developer Wadhwa Constructions to register its commercial project, Trade Centre, with MahaRERA.
Located in Mumbai's most expensive commercial district, Bandra Kurla Complex (BKC), the project was granted a partial OC in 2008, which the tribunal termed an ongoing project.
The ruling comes 15 years after the completion of the Grade A commercial building. In its April 2 judgment, the tribunal clarified that even buildings with partial OCs must be registered with RERA, overturning a previous decision by MahaRERA that exe...
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