PUNE: Citizens’ groups have called for the swift resolution of cases and the recruitment of additional adjudicating members to hear the backlog of cases at the earliest opportunity due to the over 6,000 complaints that are now pending with the Maharashtra Real Estate Regulation Authority (MahaRERA). This week, citizen groups issued a message to the […]
Pune residents demand that MahaRERA matters be resolved quickly.more
MUMBAI: The Maharashtra Real Estate Regulatory Authority (MahaRERA) ordered real estate agents having a yearly revenue of more than Rs 20 lakh to share information regarding the appointments of a main officer and a designated director on Monday. The Prevention of Money Laundering Act of 2002 (PMLA) and the Prevention of Money Laundering (Maintenance of […]
Under the PMLA, special authorities are required for estate agents with a turnover of Rs. MahaRERAmore
PUNE: The Maharashtra Real Estate Regulatory Authority (MahaRERA) has permitted developers to apply for project extensions without the consent of 51% of homebuyers in the respective units. Homebuyers are concerned that MahaRERA’s decision will cause additional delays in the completion of projects that have already missed deadlines. A project is considered “lapsed” if the developer […]
Maharashtra RERA relaxes project extension rules that have expired.more
PUNE: Developers in Maharashtra are increasingly registering first-sale units online through their respective offices. The number of such developers has increased from 129 in December 2022 to 170 this month. The system, which saves developers and home buyers from visiting sub-registrar offices to register properties, is gaining popularity not only in Pune, Mumbai, and Thane […]
E-registration of new real estate units is gaining traction in Maharashtra.more
NEW DELHI: According to a recent JLL India report, the residential sector experienced a robust demand revival in 2022, with the year having to register a decadal high in-home sales with 215,000 units across the top seven cities of Mumbai, Delhi-NCR, Bengaluru, Hyderabad, Chennai, Kolkata, and Pune. Residential sales increased by 68% year on year […]
Residential sales in top seven cities up 68% year-on-year in 2022: Reportmore PUNE: Arun Seth (78) has been waiting nearly four years for revenue officials to execute a recovery warrant issued by MahaRERA against the contractor for the delay in ensuring possession of an apartment he purchased in Mumbai. “We had reserved a 550-square-foot one-bedroom flat in Malad in 2011. The developer and I reached an agreement […]
Customers are irritated by the slow execution of MahaRERA recovery orders.more PUNE: The MahaRERA will approach the state’s urban development department (UDD) to establish a dedicated portal for all commencement and occupation certificate approvals. There is currently no portal that displays such permissions. One of the mandatory requirements for registering a project under the Act is that the promoter submits an application for a commencement certificate. […]
MahaRERA will approach UDD for a portal that displays approvals.more
Certus Capital’s digital neo-financing platform Earnnest.me has decided to invest over Rs30 crore in a premium boutique residential development of real estate developer EON Group in Mumbai’s Prabhadevi neighborhood. The investment with EON Group is part of Certus Capital’s strategy to deploy approximately Rs 500 crore in senior secured real estate credit deals through Earnnest.me […]
Certus Capital invests Rs30 crore in a Prabhadevi housing project.more
PUNE: The state’s revenue officials have cited difficulties in enforcing Maharashtra Real Estate Regulatory Authority (MahaRERA) recovery warrant orders, with developer properties to be auctioned either on lien or rent or already mortgaged to financial institutions. Authorities are working hard to ensure that nearly 751 recovery warrant orders are carried out and that homebuyers receive […]
Revenue officials cite obstacles to carrying out MahaRERA orders.more
The Real Estate (Regulation and Development) Act currently has 37,823 projects registered in the state. According to a Maharashtra Real Estate Regulatory Authority (MahaRERA) official, applications for 1,096 projects are being finalized. PUNE: For the benefit of consumers, builders who register their projects with MahaRERA will now face stricter scrutiny. The state currently has 37,823 […]
MahaRERA increases the number of checks required to register projects.more