News articles tagged MahaRERA

Mumbai Real Estate Deal: 360 One founder purchases two luxury apartments for over Rs 170 crore

Karan Bhagat buys two sea-view units in Oberoi Realty’s Three Sixty West for over Rs 170 crore, among other high-end transactions in Mumbai’s luxury market.

MahaRERA instructs L&T to take only 2% when canceling an NRI homebuyer’s reservation

MahaRERA orders L&T Realty to return payment with a 2% deduction, following a similar ruling against Godrej Properties.

MahaRERA directs Godrej, a real estate developer, to reimburse a portion of the amount that the buyer forfeited.

MahaRERA directed Godrej Properties to refund a homebuyer after cancellation exceeding the 2% permissible deduction as per RERA guidelines, setting a precedent for similar cases.

MAHARERA Cancels 13,785 Real Estate Agents’ Registrations

MAHARERA revokes registrations of 13,785 real estate agents for regulatory non-compliance, emphasizing integrity and accountability in the industry.

MahaRERA reports that the success rate of agreements between developers and homebuyers is approximately 50%

MahaRERA's conciliation forum boasts a 35-50% success rate in resolving disputes between homebuyers and developers, handling over 1,200 cases since 2018.

The MahaRERA and the Advertising Standards Council will use artificial intelligence to monitor real estate advertisements.

MahaRERA and ASCI partner to use AI for identifying non-compliant real estate ads, enhancing transparency and protecting homebuyers' interests.

Mumbai’s real estate crimes are on the rise

The real estate industry in Mumbai is grappling with increasing cases of fraud and deception by developers, leading to significant financial losses for homebuyers and legal action.

MahaRERA projects may get property cards soon

Maharashtra plans to issue property cards to apartment owners in MahaRERA-registered projects. These cards will detail carpet area, utilities, loan info, and land extract.

Maharashtra realtors to stop construction due to surge in raw material price

Maharashtra real estate developers plan to halt construction due to soaring raw material costs, urging government intervention and a six-month project deadline extension from MahaRERA.

MahaRERA website set to display complaints on promoters and projects

Homebuyers can now check details of project and developer complaints on the MahaRERA website, enhancing transparency and aiding informed decision-making.

MahaRERA issues warrants for Rs 633 crore against errant builders

MahaRERA has issued recovery warrants worth Rs 633 crore against errant builders in Mumbai, Pune, and Thane to protect homebuyers' investments.

The new MahaRERA rule help home buyers to track project status

MahaRERA's new circular mandates promoters to submit certificates to track project status, increasing transparency for home buyers.

MahaRERA lists 3,400 projects lapsed across the state

MahaRERA has listed over 3,400 real estate projects as lapsed due to delays, limiting developers from selling until extensions are approved by stakeholders.

Builders have to disclose the status of mortgage loans for apartments

Real estate developers must now disclose their mortgage or loan status to CERSAI. This move aims to increase transparency and protect home buyers from potential legal complications.

Property E-registration begins from October 2, Maharashtra revenue minister

Maharashtra's e-registration for property sales starts on October 2, aiming to increase transparency and efficiency in the real estate sector.

MahaRERA launches help desk to resolve general queries of homebuyers

MahaRERA has launched a help desk to assist home buyers with inquiries and complaints, enhancing communication and support during the pandemic.

MahaRERA marks 1,824 residential projects as ‘expired’ across the state

1,824 Maharashtra residential projects labeled "expired" by MahaRERA for exceeding deadlines. Developers need 51% buyer consent for extensions and face restrictions on promotion.

Non-farm use of plot only after infrastructure in place- MahaRERA

MahaRERA: Non-agri land use only after infrastructure in place, RERA registration mandatory

6 month extension to builders to deliver projects-MahaRERA

MahaRERA grants a six-month extension to real estate projects due to the pandemic's second wave, invoking the force majeure clause for projects expiring after Apr 15, 2021.

UP-RERA to give nine month extension for registration of projects

UP-RERA offers a nine-month extension for the registration of projects, aiming to speed up stagnant real estate development. The extension is subject to monitoring and specific conditions.

MahaRERA restricts about 644 projects across Maharashtra from sales

MahaRERA bans sales of 644 Maharashtra residential projects due to delayed completion and delivery issues.

Publicly Disclose the Apartment Sales: MahaRERA

MahaRERA mandates disclosure of apartment sales and reservations to curb fraudulent practices by developers and protect buyers.

MahaRERA orders Radius Estates to refund & buyers to exit BKC project

MahaRERA orders Radius Estates to refund 14 homebuyers of the Ten BKC project due to delayed ownership and failure to pay pre-EMI, alongside imposing a fine on the developer.

MahaRERA Orders Acme Housing to pay interest of 21 months of delay

MahaRERA orders Acme Housing to pay interest for delayed ownership of Thane's Alpinia project, citing developer's failure to meet contract terms amid external challenges.

MahaRERA order developers to disclose sold, booked inventory

MahaRERA orders developers to disclose sold, booked inventory to enhance transparency and prevent multiple transactions.