MUMBAI: A large number of home buyers face a roadblock at the doors of MahaRERA when projects that they have invested in land at the National Company Law Tribunal (NCLT) following initiation of insolvency and bankruptcy proceedings. Legal professionals say the regulatory body stops hearing cases and adjourns these...
PUNE: All pending Maharashtra Real Estate Regulatory Authority (MahaRERA) recovery warrant cases would be disposed of within three months, state revenue minister Chandrashekhar Bawankule announced earlier this week. The latest data from MahaRERA reveals that only 316 recovery warrant complaints out of a total of...
MUMBAI: In a recent order, the MahaRERA denied relief to two homebuyers of the Ekta Tripolis project in Goregaon who were seeking interest and compensation for delay in handing over possession of flats.The regulatory authority stated that the claim of interest for delay or compensation for delay in possession under...
NAGPUR: In a major boost to transparency in Maharashtra's real estate sector, the number of developers updating their housing project details on the Maharashtra Real Estate Regulatory Authority (MahaRERA) website has surged from a mere 0.02% in January 2023 to an impressive 62% at present.The sharp rise in...
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...
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...
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...