Tag: #FinancialCompliance

Maharashtra RERA Caps SRO Appointee Tenure at Two Years

January 16, 2025

The Maharashtra Real Estate Regulatory Authority (MahaRERA) has introduced a policy limiting the tenure of representatives from Self-Regulatory Organisations (SROs) assisting with housing project registrations to a maximum of two years. This measure aims to prevent potential conflicts of interest and enhance the efficiency of the registration process. In its directive to the SROs, MahaRERA […]

Maharashtra RERA Caps SRO Appointee Tenure at Two Yearsmore
RBI

Godrej Housing, HUDCO, and Aadhar Housing Finance face fines from the RBI.

September 13, 2024

NEW DELHI: The Reserve Bank of India (RBI) has levied monetary penalties on three Non-Banking Financial Companies (NBFCs) for failing to comply with its directives for housing finance companies. According to an official statement from the RBI on Friday, it has imposed a penalty of Rs 5 lakh on Godrej Housing Finance Limited, Rs 5 […]

Godrej Housing, HUDCO, and Aadhar Housing Finance face fines from the RBI.more

Due to incomplete reports, MahaRERA suspends the registration of 248 projects.

November 21, 2023

MUMBAI: Due to the failure to update their quarterly progress reports, MahaRERA has suspended the registration of 248 projects, including three MHADA projects in Pune and Beed that were registered in February of this year. In a similar vein, the failure to update quarterly project reports may result in the suspension of 224 projects that […]

Due to incomplete reports, MahaRERA suspends the registration of 248 projects.more