Tag: #MahaRERA

MahaRERA is setting up conciliation forum benches in each district to resolve disputes between developers and home buyers.

September 9, 2019

By Abhay Shah, Realty Quarter The Maharashtra Real Estate Regulatory Authority (MahaRERA) is contemplating extending its conciliation forum experiment by establishing benches to assist settle conflicts between builders and house buyers in each district of the state. Gautam Chatterjee, the chairman of the authority, said the expansion is going to take place in phases. MahaRERA […]

MahaRERA is setting up conciliation forum benches in each district to resolve disputes between developers and home buyers.more

MahaRERA declares investor can claim a refund with MoU agreement.

September 7, 2019

By Abhay Shah, Realty Quarter Although two homebuyers only had a Memorandum of Understanding (MoU) as evidence that they invested in an Oshiwara highrise apartment, the Maharashtra Real Estate Regulatory Authority (MahaRERA) held that it was sufficient proof of ownership and instructed the developer to repay Rs 82.95 lakh with 10.75% interest from 2012. According […]

MahaRERA declares investor can claim a refund with MoU agreement.more

MahaRERA penalised housing society and builder for violating the Act.

August 27, 2019

By Abhay Shah, Realty Quarter A housing society in Vidyavihar, which possessed the land and performed a redevelopment contract with a builder in 2011 but ended the deal, last February, is a co-promoter of the project under the real estate regulatory act and accountable to customers who booked free-sale unit flats, MahaRera retained in a substantial […]

MahaRERA penalised housing society and builder for violating the Act.more

Mumbai experiences change in property price in H1 2019.

August 24, 2019

By Abhay Shah, Realty Quarter In the residential market, Mumbai has allegedly seen a decrease in capital rates, QoQ. The property market in the maximum city is being pressurized and prices are corrected, owing to multiple factors such as liquidity crunch, a decrease in land acquisition and delays in government policy. Mumbai saw good momentum in real estate activity for the first quarter of 2019. Nevertheless, several factors resulted in a […]

Mumbai experiences change in property price in H1 2019.more

Part of Palais Royale to be auction by the collector – Mumbai

July 17, 2019

By Abhay Shah, Realty Quarter Besides problems for the developer of Palais Royale, the 56-floor under-construction tower at Worli Naka in Mumbai, the town collector will auction out a portion of the land he stands to recover dues for a flat purchaser. The forthcoming sale was made on the order of the government housing regulator MahaRera last […]

Part of Palais Royale to be auction by the collector – Mumbaimore

A broker can now approach RERA authority if his brokerage is due.

June 19, 2019

By Abhay Shah, Realty Quarter Brokerage issues can now be covered in the context of a recent change in the regulations that were given by the housing department on June 6 by the Maharashtra Real Estate Regulatory Authority (MahaRERA). Marketing and brokerage following the sale of flats shall not be covered by the price of developing or […]

A broker can now approach RERA authority if his brokerage is due.more

Minimum MahaRERA registration charges decreased from Rs.50,000 to Rs.10,000.

June 17, 2019

By Abhay Harish Shah, Realty Quarter In order to ensure that larger units can be undertaken under its remit, particularly in rural regions, the Maharashtra Real Estate Regulatory Authority (MahaRERA) has decreased the minimum registration fee from Rs.50,000 to Rs.10,000. The amendment took place under the revised regulations issued by the Maharashtra Housing Department on […]

Minimum MahaRERA registration charges decreased from Rs.50,000 to Rs.10,000.more

Homebuyer’s files petition against Harshmaan Construction at Bombay High Court.

June 11, 2019

By Abhay Harish Shah, Realty Quarter Two house buyers, who have been denied by the Maharashtra Real Estate Regulatory Authority for their complaint regarding violations of the development agreement of the Vile Parle project in Bombay, have now moved an arbitration petition to the High Court and sought damages from the developer of Rs. 1.62 […]

Homebuyer’s files petition against Harshmaan Construction at Bombay High Court.more

MahaRERA declares – Developers are not allowed to transfer their majority stakes without written approval from the authority.

By Abhay Harish Shah, Realty Quarter The Maharashtra Real Estate Regulatory Authority (MahaRERA) makes the declaration that while transferring or allotting promoters rights and liabilities to a third-party the real estate developers has to disclose any financial creditors charge on their projects. The regulator’s direction assumes importance, upon growing instances of joint development contracts or […]

MahaRERA declares – Developers are not allowed to transfer their majority stakes without written approval from the authority.more

What can a buyer do when the agreement does not specify the date of possession?

June 3, 2019

By Abhay Harish Shah, Realty Quarter There have been numerous cases where home buyers have faced delays in acquiring their apartments. In many cases, delays are over five to six years. Some developers even did not mention the date of possession in the agreement which resulted in the home buyers suffering from financial and mental trauma. […]

What can a buyer do when the agreement does not specify the date of possession?more

Tag: #MahaRERA

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