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Maharera: Rera Payment Schedule on Pre-Rera Registration
Whether RERA payment structure should be followed or not in case of pre-rera registration and post-rera demand. old(pre-rera) buyers suffer loss due to loss of interest on early payments(99.5% on last slab) Builder took around 95% of agreement value on 28th slab and around 99.5% on Last slab(30th Slab) Agreement was pre-rera dated 08-March-2016, 28th Slab onwards demand was post-rera. As per my understanding of maharera payment structure only 70% payment should be done till last slab. 75% demand should come on completion of of the walls, internal plaster, floorings doors and windows 75% demand requirement is still incomplete in RERA website for this project. Builder disagrees mentioning that agreement was done pre-rera so they follow agreement payment structure. Please provide clarification on the same, whether RERA payment structure should be followed or not in case of pre-rera registration and post-rera demand. old(pre-rera) buyers suffer loss due to loss of interest on early payments(99.5% on last slab)
Bangalore
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