About Rs 9 crore, which was due to home buyers as compensation and refunds from five developers, was recovered without going through the auction process after MahaRERA issued warrants for the same. The MahaRERA had issued nine warrants in Mumbai city, suburbs and Pune district to recover Rs 8.72 crore.
According to MahaRERA officials, the nine warrants were issued after developers failed to make payments for refund or compensation. However, in some instances, the developers deposited the amounts to be paid to the home buyers with the District Collectorate and in some cases, the builder paid the home buyers directly and settled the complaints.
https://timesofindia.indiatimes.com/city/mumbai/after-9-warrants-maharera-recovers-rs-9-crore-from-developers/articleshow/101741167.cms
Source : The Times Of India
