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
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
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 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 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
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 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
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 PUNE: 25 projects throughout the state that had been marketed without registration are now the subject of another suo motu action by the Maharashtra Real Estate Regulatory Authority (MahaRERA). The developers have received notices, according to officials’ statements on Thursday. In this respect, Pune has the second-highest number of breaches. MahaRERA also sent identical letters […]
For promoting unregistered developments, MahaRERA in Pune has targeted eight more.more
KALYAN: The two architects who prepared and certified the plan layouts of the majority of the buildings constructed illegally are wanted by the Enforcement Directorate (ED), which is looking into the MahaRERA scam involving 65 developers in Kalyan-Dombivli. However, the ED discovered that both architects provided false information about their firms and are therefore untraceable. […]
MahaRERA Scam: Two untraceable architects who created building plan layouts.more