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a recent judgment by the Bombay High Court has given some room to home owners to breathe easy the court allowed housing societies to terminate a development agreement with a builder for non performance experts estimate nearly 2,000 societies have signed a MoU use and development agreements with builders and a shocking 50% projects are stuck only due to poor financial condition of the developer which is why the recent Bombay High Courts judgment allowing a housing society in Goregaon to terminate a redevelopment agreement for non-performance on the Builder spot is so relevant the judgment essentially struck a blow for long delayed housing redevelopment projects in Maharashtra we have been thinking that once we enter into a development agreement termination is not possible because that we have created the interest in them it is a transfer of property act we have created a transfer of property to them and in against that the developer also has created certain third party rights so now th
