Tag: #MahaRERA

20,000 real estate agents’ registrations are suspended by MahaRERA.

May 24, 2024

MUMBAI: Only 13,000 real estate brokers remain in the state of Maharashtra after the real estate authority in the state announced on Thursday that it has suspended the registration of 20,000 brokers. The regulator, which started registering middlemen for real estate transactions in 2017, has 47,000 agents registered in total.13,785 agents had their registrations canceled […]

20,000 real estate agents’ registrations are suspended by MahaRERA.more

MahaRERA suggests that builders self-declare the quality of their projects.

May 14, 2024

MUMBAI: Real estate developers are expected to submit an annual self-declaration of the quality assurance of their projects to the Maharashtra Real Estate Regulatory Authority (MahaRERA). This self-declaration will be based on a number of factors, including structural design, stability, testing, input material quality, workmanship quality, and other important considerations. The action is intended to […]

MahaRERA suggests that builders self-declare the quality of their projects.more

Notices are sent to 41 unregistered plot projects by MahaRERA.

February 3, 2024

PUNE: The Real Estate Regulatory Authority of Maharashtra has released 41 unregistered plotted development projects in the state that were publicized without the required MahaRERA registration received notices. While conducting property inspections in response to purchasers’ complaints about project delays in rural areas, MahaRERA authorities discovered that developers of numerous planned areas had sold units […]

Notices are sent to 41 unregistered plot projects by MahaRERA.more

SC upholds Palais Royale’s 2019 sale to Pune’s Honest Shelters.

December 18, 2023

MUMBAI: There could be a glimmer of hope for dozens of high net worth individuals who paid tens of crores a decade ago to book luxury apartments in the 3,500-crore Palais Royale, a skyscraper in Worli. At294m (56 floors), it is one of the tallest residential towers in the country. On December 6, the SC […]

SC upholds Palais Royale’s 2019 sale to Pune’s Honest Shelters.more

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

If builders don’t update the QPR within a month, MahaRERA will cancel 291 projects.

October 10, 2023

MUMBAI: MahaRera will revoke the registration of up to 291 real estate projects that have been put on hold if the builders do not submit the projects’ quarterly progress reports by November 10. Of these projects, 46 are in Nashik, 63 are in Pune, and 104 are in MMR. Around 363 projects whose Forms 1, […]

If builders don’t update the QPR within a month, MahaRERA will cancel 291 projects.more

MahaRERA hires an intelligence service to obtain current project information.

August 11, 2023

MUMBAI: To assist its compliance cell in gathering first-hand information regarding real estate projects that are lapsed, financially precarious, or those that have not been submitting quarterly reports or complying with regulatory compliances, MahaRera has appointed a real estate intelligence agency. MahaRera will be given a separate method by the agency to verify the “real-time […]

MahaRERA hires an intelligence service to obtain current project information.more

Display QR code in advertisements or face up to a punishment of Rs 50,000, Maharashtra builders advised.

July 28, 2023

MUMBAI: The Maharashtra Real Estate Regulatory Authority (MahaRERA) has warned developers throughout the state that failing to prominently display the QR code of the real estate project in advertisements on multiple platforms starting on August 1 could result in fines of between Rs 10,000 and Rs 50,000. According to a MahaRERA official, the promoter will […]

Display QR code in advertisements or face up to a punishment of Rs 50,000, Maharashtra builders advised.more

MahaRERA recovers Rs 9 crore from five developers after nine warrants.

July 14, 2023

MUMBAI: After MahaRERA issued warrants for the amount, which was around Rs 9 crore, which was owed to homebuyers as compensation and refunds from five developers, was retrieved without going through the auction process. In order to recover Rs 8.72 crore, the MahaRERA issued nine warrants throughout the city, suburbs, and district of Pune. The […]

MahaRERA recovers Rs 9 crore from five developers after nine warrants.more

From 2020 to 22 Maharashtra IGR will examine all documents for rule violations.

July 10, 2023

PUNE: In order to address the growing number of complaints regarding violations of the many rules governing the Maharashtra real estate sector, the state office of the Inspector General of Registration and Controller of Stamps (IGR) has requested a review of all property registrations completed between 2020 and 2022. To rule out violations of the […]

From 2020 to 22 Maharashtra IGR will examine all documents for rule violations.more

Tag: #MahaRERA

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