Nearly 10 months after MahaRERA issued Rs 24 Crore recovery warrants against Nirmal Developers after they failed to repay 80 home buyers in Mulund for Nirmal Olympia project, the buyers’ money have yet to be refunded. Homebuyers are now stuck in the blame for the recovery battle between Tehsil officials (who conduct the recovery process) […]
MahaRERA issued recovery warrants of Rs 24 crore against Nirmal Developers.more
Property Websites that go beyond advertisements and allow developers and home buyers to sell/purchase must be registered with the Maharashtra Real Estate Regulatory Authority (MahaRERA) within the next two months. The housing authorities have determined that such websites could be defined as real estate agents. In a recent order, the regulatory officer has indicated that portals […]
Real Estate Websites have to register with MahaRERA in next 2 months.more
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