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uncertainties to buyers

Mumbai Realtors Insert New Clauses in Allotment Letters

Mumbai Realtors Insert New Clauses in Allotment Letters
Amid higher costs, slow demand and regulatory hurdles, many builders in the country’s hottest property market-Mumbai, are inserting new clauses to palm off some of the uncertainties to buyers. The allotment letters given to home buyers contain clauses like provisions for cost escalation, project abandonment, inability to commence construction, and also eventuality of non-disbursal of [...] Continue Reading »



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