representative imageNAGPUR: The Maharashtra Real Estate Regulatory Authority (MahaRera) introduced new guidelines to prioritise hearing of complaints in exceptional circumstances departing from its usual practice of addressing cases strictly based on order of filing. The move, formalised via a circular issued...
NAGPUR: In a major step to aid distressed homebuyers, the Maharashtra Govt appointed 12 senior recovery officers to expedite the enforcement of recovery warrants issued by the Maharashtra Real Estate Regulatory Authority (MahaRera) against errant builders. The appointments, made under district collectors in six key...
representative imagePUNE: The Maharashtra Real Estate Regulatory Authority (MahaRERA) has issued a circular mandating developers to prominently display registration details in all their housing project advertisements with immediate effect, following growing concerns from homebuyers about inadequate project...
MUMBAI: Touted as a dedicated authority to resolve problems faced by real estate consumers, home buyers say they are now finding it tough to get relief from Maharashtra Real Estate Regulatory Authority(MahaRERA). With around 8,000 complaints pending, besides delay in or non-execution of some of the regulator's...
Representative imageMUMBAI: The Maharashtra Real Estate Regulatory Authority (MahaRERA) has issued a warning to real estate developers against engaging in unethical practices including misrepresenting project details or selling properties without obtaining all the necessary regulatory approvals.The regulator has...
File photoMUMBAI: The Maharashtra Real Estate Appellate Tribunal (MahaREAT) set aside a MahaRERA order, which rejected complaints of eight homebuyers stating that the disputes between the complainants, regarding the ‘One Park Avenue' project in Thane, and the respondents, are of a civil/criminal nature. The...
Representative image The Maharashtra Real Estate Regulatory Authority (MahaRERA) has decided to fix the tenure of appointees in various Self-Regulatory Organisations (SROs) assisting the regulator with housing project registration to a maximum of two years to avoid any conflict of interest that may arise.In a...
Representative imageThe Maharashtra Real Estate Regulatory Authority (MahaRERA) has cracked down on errant real estate developers with stalled or lapsed projects by freezing the bank accounts of over 1,950 such ventures.The decisive move aims to enforce accountability among developers and protect the interests of...
PUNE: The Maharashtra Real Estate Regulatory Authority (MahaRERA) has revised the minimum eligibility criteria for forming a Self-Regulatory Organisation (SRO), in an effort to ensure regulatory compliance among property developers for registration of projects.Now, the minimum threshold to form an SRO has been...
Representative image MUMBAI: The Maharashtra Real Estate Regulatory Authority (MahaRERA) has revised the minimum eligibility criteria for forming a Self-Regulatory Organization (SRO) that are expected to help ensure regulatory compliance among property developers.The threshold has been reduced from 500 projects to...