World Business: Mumbai Property -- 2011

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Realty INFO:- https://timesofindia.indiatimes.com/city/mumbai/mumbai-builder-denied-bail-in-400-crore-money-laundering-scandal/articleshow/116083665.cms  Mumbai Builder Denied Bail in ₹400 Crore Money Laundering Scandal | - Times of India *Precautionary Measures for Redevelopment Projects*: *1. Form B Requirement*: On behalf of CHS (Land Owner Promoter) Managing Committee have to submit *Form B* to facilitate the Developer’s RERA registration, sharing accountability as a Land Owner Promoter. *2. CHS Accountability*: The Managing Committee Members assumes responsibility for proposed buyers and fund misuse, risking legal liabilities if funds are misused by the Developer. *3. Mandatory Inclusion*: The CHS should be a Confirming Party in all sale agreements to ensure legal protection and transparency. *4. Plan Approval*: Developers should not be allowed to alter sanctioned plans without the General Body's prior consent to protect members' and Saleable component buyers inter...
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