five-year lock-in period
The state government of Maharashtra has rejected Mhada’s proposal of allowing flat owners to lease out their houses within the five-years lock-in period. The state expressed its opinion that by allowing this move, people looking at low-cost houses as an investment opportunity will be encouraged. Meanwhile, it will be unfair to those who are homeless. [...] Continue Reading »
More than 300 applicants of Purab Premium Apartments have already demanded to cancel their allotments and to refund their money. The applicants wants to opt out as the government has put a five-year lock-in period for sale or transfer of the flats under the scheme. Most of the applicants said that they were not aware [...] Continue Reading »
