HC allows withdrawal of Maha-RERA Office Order defining ‘Co-Promoter’

The petitioner had questioned and challenged the validity of office order dated 11th May, 2017 passed by the Secretary, Maharashtra Real Estate Regulatory Authority (hereinafter referred to as Maha­ RERA for short). In the impugned order the Maha­ RERA observed that since the term ‘Co­ promoter’ is not defined in the Act,Rules or Regulations, it was necessary  to clearly define the term ‘Co- promoter’. Therefore, in exercise of powers vested in Maha RERA under Regulation No. 38 of the Maharashtra Real Estate Regulatory Authority (General) Regulations 2017, definitio...