Q. How safe is it to buy a flat in any redevelopment project? If the society terminates the development agreement with a developer, can home-buyers who have entered into an agreement for sale with such developer insist that the society honour the commitments of the developer and accommodate them in the same project? Is the society not legally bound to do so, since the redevelopment project becomes possible only through the money paid by new home-buyers? —– Prakash Athavale, Dadar (W) A.

It is true that re-development projects are substantially financed by homebuyers. However, it is equally true that during the intervening period, it is the developer who takes the risk and invests his money in anticipation of flat sales. Home-buyers intending to buy flats in such projects are therefore vul

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