Rashesh Kanakia Sold Common Area Worth 300 Crores.

Review on Kanakia Paris, Bandra Kurla Complex, Mumbai

CAUTION

YOUR HOME MAY NOT BE YOURS AND YOU WILL BE REQUIRED TO PAY THE LOANS TAKEN ON THAT STILL. IT MAY BE DEMOLISHED. YOU MAY BE PROSECUTED UNDER 53(7) OF MRTP ACT.

VERIFY ALL DOCUMENTS WITH THE MCGM DIRECTLY

Does this include the legal possession of the flats or the buyers will just get hold.

22 Units in Kanakia Boomerang at CHANDIVALI

And

11 Units in Kanakia Western Edge-Ii

are facing this problem. This builder took meney from them. Even registered an agreement but now they come to know that the units that were sold to them were a part of the fractionally owned common areas of the society.

Their units are likely to be demolished and the area returned to the society.

They also face prosecution under section 53(7) of MRTP Act which includes imprisonment.

Request all prospective buyers to verify the sanction personally from the office of the MCGM.

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