Tag: #Maharashtra

Raymond is directed by MahaRERA to deduct 2% of the total amount for the flat upon cancellation.

November 25, 2023

MUMBAI: Raymond Ltd. was ordered by the Maharashtra Real Estate Regulatory Authority (MahaRERA) to withhold only 2% of the entire consideration of an apartment without charging interest. This is because the developer lost the entire sum of approximately Rs 6 lakh that a couple had paid after their reservation was canceled. It referenced a recent […]

Raymond is directed by MahaRERA to deduct 2% of the total amount for the flat upon cancellation.more

Bombay HC looks to empower state to act against illegal constructions.

September 12, 2023

MUMBAI: The Bombay High Court argued on Monday in favor of giving the state authorities the authority to demolish unauthorized and unlawful structures quickly. “The government needs to understand that we don’t despise them. We won’t let this happen while we’re watching. The courts have been largely responsible for this, according to Justices Gautam Patel […]

Bombay HC looks to empower state to act against illegal constructions.more

The MahaRERA ruling is modified by MREAT, who also instructs the builder to pay interest going forward.

June 20, 2023

MUMBAI: A MahaRERA order from 2021 that barred homebuyers from receiving interest retroactive to the date of their payments as well as a refund for other payments, such as stamp duties and registration fees, was modified by the Maharashtra Real Estate Tribunal (MREAT). The MREAT directed an Andheri-based developer to pay interest on the amount […]

The MahaRERA ruling is modified by MREAT, who also instructs the builder to pay interest going forward.more

39 real estate projects in Pune submit deregistration requests.

June 8, 2023

PUNE: According to a MahaRERA official, developers of 39 real estate projects in Pune have requested to be deregistered. Developers from all over the state who are unable to move further with the projects owing to financial constraints, legal issues, changes in government planning authorities, or other factors have submitted a total of 88 applications […]

39 real estate projects in Pune submit deregistration requests.more

584 developers receive notifications from MahaRERA for failing to update their quarterly information.

May 9, 2023

Over 584 developers of housing projects registered in January have received show-cause warnings from the Maharashtra Real Estate Regulatory Authority (MahaRERA) for failing to update information about their projects. These are a part of the 746 new housing projects overall that total 50,288 flats and were filed with the regulator in January. They are estimated […]

584 developers receive notifications from MahaRERA for failing to update their quarterly information.more

Chartered accountants receive a show-cause notice from MahaRERA.

May 3, 2023

MUMBAI: After noticing that MahaRERA regulations were being broken because the same chartered accountant had been hired for the role of the project auditor as well as that of the statutory auditor, MahaRERA issued show-cause notices to chartered accountants and also wrote to the Institute of Chartered Accountants of India. Promoters are required by MahaRERA […]

Chartered accountants receive a show-cause notice from MahaRERA.more

Government will establish a group to develop a sample builder-buyer agreement: Official

April 19, 2023

MUMBAI: In order to, among other things, speed up the home-buying process and protect customers from potential abuses, the government has decided to organise a committee to work on a model buyer agreement, a top government official declared on Tuesday. According to Consumer Affairs Ministry Secretary Rohit Kumar Singh, the committee, which will include representatives […]

Government will establish a group to develop a sample builder-buyer agreement: Officialmore

There is now a Maharashtra conveyance deed process app.

March 23, 2023

PUNE: Members of the State Housing Federation have developed a mobile application with the assistance of the department of cooperation to instruct housing societies on how to execute a conveyance deed or considered conveyance. The conveyance deed, also known as a presumed conveyance, refers to the builder transferring land in the name of the housing […]

There is now a Maharashtra conveyance deed process app.more

Real estate papers must now be displayed on the websites of Maharashtra’s local bodies.

February 25, 2023

PUNE: According to a government resolution (GR) issued by the urban development department (UDD) on Thursday, all local planning authorities must display the commencement certificate (CC) and occupancy certificate (OC) granted for new and upcoming real estate projects on their websites and notify the Maharashtra Real Estate Regulatory Authority (MahaRERA) regarding the sanctions. It also […]

Real estate papers must now be displayed on the websites of Maharashtra’s local bodies.more

CM of Maharashtra announces 300 km of metro in two years

February 7, 2023

THANE: According to chief Eknath Shinde, about 300 km of metro network lines will be operationalized over the next 1.5 to 2 years, and the state will soon begin construction on line 3. Shinde was speaking to a crowd of attendees at a cultural event in Thane that was organized over the weekend by party […]

CM of Maharashtra announces 300 km of metro in two yearsmore

Tag: #Maharashtra

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