MUMBAI: Maharashtra Real Estate Appellate Tribunal (MREAT) has directed the promoters of RA Residences in Dadar East to deposit a penalty of 2% of the project cost and execute a conveyance deed in favour of the society for the residential building, proportionate to the FSI consumed under the 2017...
PUNE: Homebuyers across the district face an agonizing wait for compensation and refund dues, as 176 recovery cases involving Rs 106.72 crore issued by the Maharashtra Real Estate Regulatory Authority (MahaRERA) Pune benches remain pending.According to data from the district collector’s office,...
MUMBAI: Maharashtra Real Estate Appellate Tribunal (MREAT) has ordered the demolition of an additional wing constructed in the Parshvadhara project in Ambernath, holding that the promoters cannot proceed with construction without the informed consent of the allottees.The tribunal also directed the...
PUNE: District collector Jitendra Dudi has directed the revenue machinery to execute all pending MahaRERA recovery warrants by April-end, stressing that homebuyers must receive their “hard-earned money” without further delay.The directive follows a review meeting on Friday with tehsildars from...
MUMBAI: The state govt has issued a revised and comprehensive set of guidelines to expedite the recovery of dues under Revenue Recovery Certificates (RRCs) and recovery warrants, giving special priority to cases received from the Maharashtra Real Estate Regulatory Authority (MahaRERA) in view of the...
MUMBAI: Maharashtra's real estate regulator on Friday extended the completion dates for registered projects for four months on account of force majeure because of West Asia conflict, a decision that would provide relief to developers across the state.On July 31, the Union Housing and Urban Affairs...
NAGPUR: Maharashtra Real Estate Regulatory Authority (MahaRERA) has directed a leading city-based developer to hand over possession of a residential plot to a homebuyer within 30 days and pay statutory interest for nearly seven years of delay. The builder has also been ordered to pay litigation costs...
Representative AI imagePUNE: Consumer activists have questioned MahaRERA’s commitment to transparency after its online dashboard tracking recovery warrants against defaulting developers remained frozen for nearly six months, despite the regulator continuing to issue fresh orders during the...
MUMBAI: While MahaRERA has issued show-cause notices to 9,177 housing projects across Maharashtra and imposed penalties of over Rs 15 crore for failing to update their quarterly progress reports (QPRs), questions are being raised about the regulator’s ability to scrutinise disclosures made by...
PUNE: The Maharashtra govt’s initiative to fast-track the recovery of dues for aggrieved homebuyers has hit a roadblock. Despite the appointment of dedicated revenue recovery officers in key districts five months ago, collections have increased by a meagre Rs10 crore.Data from the Maharashtra Real...