Section 7, Maharashtra Ownership Flats (Regulation of the Promotion of Construction, Sale, Management and Transfer) Act, 1963 [S2G-4GP]
As at 6 September 2026. In force from 4 November 1963 by No. 3679/1963 [N12-THB].
7. Maintenance of records and furnishing of returns.—(1) Every allottee shall maintain such records and registers relating to the purchase of an apartment as may be prescribed and shall preserve them for a period of five years. (2) Every allottee shall furnish to the Authority a return in Form B within thirty days from the end of every financial year, and such other information as the Authority may, by order in writing, require.
Defined terms in this text (3)
allottee: Section 2, Maharashtra Ownership Flats (Regulation of the Promotion of Construction, Sale, Management and Transfer) Act, 1963 [S2G4B5] (In this Act, unless the context otherwise requires,—): "allottee" in relation to a real estate project, means the person to whom a plot, apartment or building has been allotted, sold or otherwise transferred by the promoter
allottee: 14 more definitions.
Authority: Section 2, Maharashtra Ownership Flats (Regulation of the Promotion of Construction, Sale, Management and Transfer) Act, 1963 [S2G4B5] (In this Act, unless the context otherwise requires,—): "Authority" means the Real Estate Regulatory Authority established under section 20 of the Real Estate (Regulation and Development) Act, 2016 (16 of 2016)
Authority: 22 more definitions.
prescribed: Section 2, Maharashtra Ownership Flats (Regulation of the Promotion of Construction, Sale, Management and Transfer) Act, 1963 [S2G4B5] (In this Act, unless the context otherwise requires,—): "prescribed" means prescribed by rules made under this Act
prescribed: 996 more definitions.
Made under this section, or naming it (0)
none
Cited by (1)
Section 35, Maharashtra Ownership Flats (Regulation of the Promotion of Construction, Sale, Management and Transfer) Act, 1963 [S2G-5CF], 23 February 1963, Band A. "section 7".
Not held (0)
none
Duties published under this section (1)
D12-G5W. Every allottee: Maintain records and registers of the purchase of an apartment; preserve for five years; furnish the annual return in Form B; thirty days from the end of every financial year; Form B. Published by Housing Department, Government of Maharashtra (synthetic record).