Does the definition of ‘promoter’ include public bodies such as Development Authorities and Housing Boards?
Answered on November 08, 2017
( Source : maharera.mahaonline.gov.in) The Act covers all bodies (private and public) which develop real estate projects for sale to the general public. Section 2(zk) defines the term ‘promoter’ which includes both private and public real estate promoters. Thus, both Development Authorities and the Housing Boards, when involved in sale are covered under the Act.
