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...
MUMBAI: The MahaRERA, in a recent order, has asked the promoter of Lokhandwala-Kataria Construction, promoter of Minerva project at Lower Parel, to pay interest for the delayed possession to a home buyer, who had booked two flats in the project, from January 2022 till the date of offer of possession with OC, at...
Representative image The Maharashtra Real Estate Regulatory Authority (MahaRERA), taking serious cognizance of irregularities, has initiated the scrutiny of all lapsed housing projects in the state and issued notices to around 11,000 such projects, including over 5,230 in the Mumbai Metropolitan Region (MMR)...
MUMBAI: The Maharashtra Real Estate Tribunal (MREAT) modified a MahaRERA order of 2021, which had denied interest from 2014, citing that RERA Act 2016 came into force in 2017, and granted the home buyer interest from January 2014 till date of offer of possession with OC on the actual amount paid by the home buyer...
Representative image PUNE: The Maharashtra Real Estate Regulatory Authority (MahaRERA) has reached out to Pune and Mumbai suburban collectors to appoint retired tehsildars for expediting the execution of recovery warrant orders in their areas.In Mumbai suburban, approximately Rs 228 crore is yet to be recovered...
Representative image The Maharashtra Real Estate Regulatory Authority (MahaRERA) on Monday said it has recovered over Rs 200 crore from developers to compensate homebuyers for their losses. The authority also outlined plans to further intensify its recovery efforts. The real estate watchdog said it has issued 1,163...
Representative image MUMBAI: The MahaRERA has received applications for deregistration of another 19 projects, including a Lokhandwala project at Worli Naka and a Dombivli project of Lodha, across the state. So far, the MahaRERA had received applications for deregistration for about 400 projects. The promoters seek...
File photo MUMBAI: Bombay High Court on Tuesday directed all municipal corporations, councils and urban local authorities to link their websites with Maharashtra Real Estate Regulatory Authority's (MahaRERA) portal within three months. "This integration would enable RERA to conduct real-time verification of...
Representative image MUMBAI: The MahaRERA issued an order mandating the inclusion of a clause in the model form of agreement for sale, where the transaction is facilitated by a registered real estate agent, the agreement must document the commission, brokerage, charges, etc, which the promoter or allottee has...