The order passed by MahaRERA member B D Kapadnis said the DM would be considered a ‘promoter’ of the project,
- As terms of agreement clearly shows the DM has authority to supervise and control all activities of planning, selling, funding and constructing of the project. If the person who constructs and person who sells are different, then they both are jointly liable,
- DM is using brand name and goodwill to collect money from buyers, selling units and It is also sharing 10% revenue.
Therefore, it comes under the definition of the promoter.
