Tag: #HomebuyerAlert

rera

Maharashtra RERA issues warning to homebuyers about 314 housing projects undergoing insolvency

October 13, 2024

The Maharashtra Real Estate Regulatory Authority (MahaRERA) has issued a caution to homebuyers, advising them against purchasing properties in 314 projects currently registered with the authority. These projects are undergoing insolvency proceedings at the National Company Law Tribunal (NCLT) under the Insolvency and Bankruptcy Code (IBC) of 2016. Several banks, financial institutions, and other entities […]

Maharashtra RERA issues warning to homebuyers about 314 housing projects undergoing insolvencymore
MAHA RERA

MahaRERA maintains 1,750 abandoned housing project registrations on file.

June 11, 2024

The Maharashtra Real Estate Regulatory Authority (MahaRERA) has started the process of taking similar action on another 1,137 projects, while also keeping the registration of 1,750 abandoned housing projects in the state on hold. With 761 projects still unfinished out of these 1,750 total, the Mumbai Metropolitan Area has the most. The second-highest number of […]

MahaRERA maintains 1,750 abandoned housing project registrations on file.more