MUMBAI: In a victory for home buyers , the Bombay high court has upheld the constitutional validity of the Real Estate (regulation and development) Act ( Rera ) and its applicability to ongoing projects across states. It expanded the Rera authority's powers to grant more time in exceptional cases to a builder to complete a project. The bench held that a "two-member appellate tribunal should always consist of judicial member...and majority members should always be judicial members. "It should be granted on case-by-case basis after hearing promoter allottee and in certain cases even the government,'' the HC held. In Maharashtra, such law had a serious lacuna as it provided no time-line for completion of projects.

Source: Times of India December 06, 2017 20:33 UTC