Tag: #RealEstateRegulation

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

Gujarat RERA Halts Over 1,000 Project-Linked Bank Accounts.

July 4, 2024

In a significant setback for developers throughout Gujarat, over 1,000 real estate project-linked bank accounts have been frozen by the Gujarat Real Estate Regulatory Authority (GujRERA) due to non-compliance issues. Developers of these projects failed to meet Quarter-End (QE) compliances by not updating the project completion status with GujRERA within the specified deadline or seeking […]

Gujarat RERA Halts Over 1,000 Project-Linked Bank Accounts.more

Karnataka Government Seeks New K-RERA Chairperson.

June 30, 2024

The Karnataka State Government has announced a call for applications for the Chairperson position of the Karnataka Real Estate Regulatory Authority (K-RERA). HC Kishore Chandra, a retired Director General of Police, who served as K-RERA Chairperson, retired last month at the age of 65. He had been appointed in May 2021. According to Section 22 […]

Karnataka Government Seeks New K-RERA Chairperson.more

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

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

Builders who witness clients failing to make timely payments must register complaints: Chairman of Delhi-RERA

April 16, 2024

NEW DELHI: If clients fail to pay the full amount owed on residential or commercial buildings they have purchased, builders should lodge complaints with the relevant regulatory bodies, in Delhi said Anand Kumar, chairman of RERA. The chairman of Delhi’s Real Estate Regulatory Authority, Kumar, warned real estate developers not to fall into the “trap […]

Builders who witness clients failing to make timely payments must register complaints: Chairman of Delhi-RERAmore

The action taken by MahaRERA over non-compliance leads to a rise in quarterly project updates.

January 4, 2024

Even before the regulator issues a warning, the Maharashtra Real Estate Regulatory Authority (MahaRERA) has noticed a rise in the number of projects adhering to the necessary requirement of Quarterly Progress Reports (QPR). More than 222 projects, or 46.25% of the 480 projects registered in April 2023, have been prompted by the regulator’s rigorous action […]

The action taken by MahaRERA over non-compliance leads to a rise in quarterly project updates.more

Just 18% of MahaRERA recovery warrant orders have been completed.

December 24, 2023

PUNE: According to the most recent data available from the Maharashtra Real Estate Regulatory Authority (MahaRERA), for the last six years, the 13 district collectorates in the state have only executed 204 recovery warrant complaints out of a total of 1,123 complaints. Out of Rs 736.66 crore, just 18% of the cases have been resolved, […]

Just 18% of MahaRERA recovery warrant orders have been completed.more

Tag: #RealEstateRegulation

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