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Landowners equally liable with builders for incomplete housing projects: Kerala-RERA

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Landowners in Kerala are now equally liable with builders for incomplete housing projects if they are financially involved. The Kerala Real Estate Regulatory Authority (K-RERA) ruled that landowners actively participating in finances or profit-sharing will be treated as ‘joint promoters’. This landmark decision follows a case where a landowner mortgaged project land for a loan, defaulting and impacting homebuyers.

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