India, Aug. 28 -- The Maharashtra Real Estate Regulatory Authority (MahaRERA) has clarified that developers can prescribe cancellation deductions that differ from those in the authority's model allotment letter, provided the terms are clearly disclosed to homebuyers and uploaded in the project's deviation sheet.

However, MahaRERA said developers cannot impose a higher cancellation deduction than the amount specifically stated in their disclosed terms of the deivation sheet.

A deviation sheet is a document that lists the differences between a developer's allotment letter and MahaRERA's model allotment letter. It allows homebuyers to identify any additional, modified or alternative clauses introduced by the developer before they sign the ...