As per norms, if a developer fails to compensate aggrieved homebuyers even after orders from MahaRERA, a recovery warrant is issued by the revenue department. The warrant is sent to respective collectors, with a provision of attachment and subsequent auction of developer’s properties
A collective compensation of Rs 717 crore is yet to be paid to home buyers who have been cheated in various housing projects across Maharashtra. Builders and developers have not only delayed flat possession but have also turned a blind eye to compensation orders issued by MahaRERA, the real estate regulator.
https://www.freepressjournal.in/mumbai/never-ending-wait-for-home-buyers-as-751-recovery-warrants-by-maharera-stuck-at-collectorate-level-across-maharashtra
Source: The Free Press Journal
