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...
PUNE: Maharashtra Real Estate Regulatory Authority (MahaRERA) has told Pune collector Jitendra Dudi to fast-track long-delayed warrant orders against errant developers to recover Rs 177.40 crore in 212 cases filed against 103 projects in the district.The intervention of MahaRERA chairman Manoj Saunik comes after...
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...
MUMBAI: The MahaRERA, in an order on Jan 16, directed Honest Shelters to hand over possession of six flats in the "Palais Royale" project at Worli to India Infoline Finance Limited (IIFL) and asked the promoter to pay interest for delayed possession of the flats.MahaRERA chairman Manoj Saunik, in his order, also...
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...
MUMBAI: The Bombay High Court has ruled that a dispute between an individual allottee and a promoter covered by RERA is non-arbitrable.The jurisdiction of the Real Estate Regulatory Authority, established under the provisions of the Real Estate (Regulation and Development) Act, 2016 (RERA), is not ousted, even if...
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...