Q. We are a group of homebuyers stuck in a project for more than six years. The development consists of six towers with around 1,200 buyers and has lapsed because the developer did not apply for an extension of the project registration. There are several financial irregularities, and the developer was even jailed for a few years. Buyers have already paid 50 to 80% of the amount. Can the allottees come together and take over the project? Will MahaRERA allow such a takeover? Some buyers have secured MahaRERA orders for refunds with interest and compensation. If the allottees take over the project, will these liabilities of the defaulting developer shift to the association?

—– Affected homebuyers from Navi Mumbai

Yours is a large project caught in severe irregularities, but homebuyers are n

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