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Landowners equally liable with builders for incomplete housing projects: Kerala-RERA

Summary: Landowners in Kerala are now equally liable with builders for incomplete housing projects if they are financially involved. The Kerala Real Estate Regulatory Authority (K-RERA) ruled that landowners actively participating in finances or...
Landowners equally liable with builders for incomplete housing projects: Kerala-RERA
Landowners in Kerala are now equally liable with builders for incomplete housing projects if they are financially involved. The Kerala Real Estate Regulatory Authority (K-RERA) ruled that landowners actively participating in finances or profit-sharing will be treated as 'joint promoters'. This landmark decision follows a case where a landowner mortgaged project land for a loan, defaulting and impacting homebuyers.
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Original Source: Economic Times RERA
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