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Banks can’t claim rights over flats booked to allottees: Rajasthan RERA

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Rajasthan RERA has ruled that banks cannot claim rights over flats booked by allottees before a loan was created. The authority also stated that RERA proceedings can continue against builder directors and landowners even during insolvency. This order protects homebuyers in the Avalon Royal Park housing project, where a builder mortgaged the project after selling over 700 flats.

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