628 real estate developers are being examined by MahaRERA for failing to include their QR code and RERA registration number in their marketing
On July 8, the Maharashtra Real Estate Regulatory Authority, or MahaRERA, said that it had fined developers of 628 real estate projects ₹88.90 lakh for failing to include the RERA registration number and QR code in their marketing. According to MahaRERA, of the 628 real estate projects, 312 are located in the Mumbai Metropolitan Region, […]
Amended MahaRERA to Protect Society Residents’ Rights
The state government is set to take stringent action against developers and builders who exploit agreements on water supply and sewage treatment projects, leading to the harassment of society residents in housing projects. Deputy Chief Minister Devendra Fadnavis has called for reforms in the Urban Development Department and Maha RERA to address these issues. During […]
Developers Are Not Allowed to Deposit Home Buyers’ Funds Into Separate Bank Accounts Per MahaRERA
According to the Maharashtra Real Estate Regulatory Authority (MahaRERA), developers in the state will be required to maintain separate designated bank accounts for the purposes of receiving payments from home buyers, so they will not be able to take money from buyers and deposit it in different bank accounts as of July 1, 2024. Currently, […]
Developers in Maharashtra will not be permitted to deposit buyers’ money into separate accounts as of July 1
As on July 1, developers in Maharashtra will have to keep specific bank accounts open for payments from buyers, citing a directive from the Maharashtra Real Estate Regulatory Authority (MahaRERA). The goals of this policy are to safeguard the investments of homeowners and improve financial discipline and openness. Developers used to be able to request […]
MahaRERA Requires Developers of Real Estate Projects to Set Up “Complaint Redressal Cells”
In August of last year, the developers were instructed by the Maharashtra Real Estate Regulatory Authority (MahaRERA) to establish a “Complaint Redressal Cell” for each of their projects in order to address complaints from buyers. After the directive was recently reviewed, it was discovered that just 195 projects in Maharashtra had established a cell of […]
MahaRERA directs real estate developer to reimburse flat buyer of ₹66 lakh, plus interest
The Maharashtra Real Estate Regulatory Authority (MahaRERA) has ordered a renowned property developer to return ₹66 lakh that was accepted from the buyer together with interest for not finishing the project by the deadline indicated on the RERA website, which is a huge relief for a homebuyer. Buyers filed three complaints against Nirmal Lifestyle, the […]
MahaRERA Rules Development Agreement Disputes Beyond Its Jurisdiction
A bench of the Maharashtra Real Estate Regulatory Authority (MahaRERA), including member Mahesh Pathak, has determined that the Real Estate (Regulation and Development) Act, 2016, does not grant the authority the power to adjudicate disputes stemming from development agreements. Such matters are under the jurisdiction of civil courts. As a result, the authority has dismissed. […]
MahaRERA continues to hold 1,750 abandoned HDG projects in limbo
1,750 abandoned housing projects have had their registrations maintained in limbo by the Maharashtra Real Estate Regulatory Authority (MahaRERA), while 1,137 more have had their registrations suspended for failing to provide a status update even after the project’s estimated completion date. Out of the 1,750 projects that have lapsed, the Mumbai Metropolitan Region has the […]
Due to delay in possession Rustomjee crown’s promoters to Pay Interest, MahaRERA
Prabhadevi based project Rustomjee crown phase One, delayed possession to the complainant with every month till the actual date of possession of the flat to the complainant, MahaRERA has directed the promoters of the project to pay interest. The developer guaranteed the hand over of the said flat in December 2021. Anil Dattani registered agreement […]
MahaRERA introduces minimum specifications for retirement homes and senior citizen housing projects
The Maharashtra Real Estate Regulatory Authority (MahaRERA) has announced comprehensive regulations and specifications for retirement and senior citizen housing, applicable across Maharashtra. These guidelines, detailed in a recent circular, focus on essential aspects such as building design, green building principles, lifts & ramps and safety and security. Compliance with these minimum physical specifications is mandatory […]