Tag: #MahaRERA

MahaRERA Orders Honest Shelters to Transfer Flats to IIFL

January 20, 2025

MUMBAI: The Maharashtra Real Estate Regulatory Authority (MahaRERA), in a detailed order issued on January 16, instructed Honest Shelters to hand over possession of six flats in the “Palais Royale” project located in Worli to India Infoline Finance Limited (IIFL). Additionally, the regulatory body directed the promoter to pay interest to IIFL for the delayed […]

MahaRERA Orders Honest Shelters to Transfer Flats to IIFLmore

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

Maharashtra RERA Freezes Bank Accounts of Over 1,950 Stalled Real Estate Projects

January 13, 2025

The Maharashtra Real Estate Regulatory Authority (MahaRERA) has intensified its crackdown on real estate developers responsible for stalled or lapsed projects by freezing the bank accounts of over 1,950 such ventures. This decisive action is aimed at enforcing accountability among developers while protecting the interests of homebuyers who have been impacted by delayed or incomplete […]

Maharashtra RERA Freezes Bank Accounts of Over 1,950 Stalled Real Estate Projectsmore

In an effort to increase developer compliance, Maharashtra RERA has updated its requirements for self-regulating organizations. Real Estate

January 3, 2025

MUMBAI: The Maharashtra Real Estate Regulatory Authority (MahaRERA) has updated the eligibility criteria for forming Self-Regulatory Organizations (SROs), a move aimed at bolstering compliance among real estate developers. The revision reduces the minimum project threshold for SRO formation from 500 to 200 projects in areas outside the Mumbai Metropolitan Region (MMR). This change seeks to […]

In an effort to increase developer compliance, Maharashtra RERA has updated its requirements for self-regulating organizations. Real Estatemore

Requests to Deregister 19 More Projects Are Received by Maharashtra RERA

November 26, 2024

MUMBAI: The Maharashtra Real Estate Regulatory Authority (MahaRERA) has received fresh applications for the deregistration of 19 additional projects across the state. Among these are prominent projects such as Lokhandwala’s development at Worli Naka and a Lodha project in Dombivli. This development adds to the growing number of deregistration requests, with MahaRERA having received applications […]

Requests to Deregister 19 More Projects Are Received by Maharashtra RERAmore

MahaRERA Grants Relief to Over 70 Buyers of Ruparel Skygreens Due to Delayed Possession.

September 17, 2024

MUMBAI: In a recent ruling, the MahaRERA has offered relief to more than 70 homebuyers who had purchased apartments in the Ruparel Skygreens project in Borivli. The promoter had failed to deliver the properties to the allottees, including those who had opted for the subvention scheme and the construction link plan scheme, by the agreed-upon […]

MahaRERA Grants Relief to Over 70 Buyers of Ruparel Skygreens Due to Delayed Possession.more

Regarding MahaRERA’s decision to establish a forum to resolve builder-buyer disputes, FPCE writes to the center of inquiry.

August 28, 2024

NEW DELHI: The Forum for People’s Collective Efforts (FPCE), an association representing homebuyers, has raised concerns over the Maharashtra Real Estate Regulatory Authority’s (MahaRERA) recent decision to establish and participate in a conciliation forum aimed at resolving disputes between builders and customers. FPCE argues that this move may overstep the authority’s legal powers and potentially […]

Regarding MahaRERA’s decision to establish a forum to resolve builder-buyer disputes, FPCE writes to the center of inquiry.more

MahaRERA Takes Action Against 628 Projects for Registration and QR Code Non-Compliance

July 8, 2024

MUMBAI: The Maharashtra Real Estate Regulatory Authority (MahaRERA) has proactively targeted 628 housing projects across the state for failing to comply with regulations requiring the display of registration numbers and QR codes in advertising materials. Of these 628 projects, 312 are from the Mumbai region, including Mumbai, Mumbai suburban, Thane, Nashik, and Konkan. About 250 […]

MahaRERA Takes Action Against 628 Projects for Registration and QR Code Non-Compliancemore

Despite the MahaRERA guideline, just 195 projects established grievance redressal cells.

June 26, 2024

Just 195 properties in the state have created the grievance redressal cell, despite the Maharashtra Real Estate Regulatory Authority’s mandate to realty developers to do so for their individual developments. In order to address the complaints of homeowners, the regulator has reviewed the matter and is currently preparing to take legal action against the developers […]

Despite the MahaRERA guideline, just 195 projects established grievance redressal cells.more

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

Tag: #MahaRERA

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