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MAHARERA GENERAL
MahaRERA approves 1,060 housing projects; fresh registrations make up nearly halfMahaRERA has approved over 1,060 housing projects across Maharashtra. This includes new registrations and timeline extensions for ongoing d...- SRA norms tightened to mandate freezing sale flats to secure rehab duesThe Slum Rehabilitation Authority (SRA) has mandated early-stage freezing of free-sale inventory in slum redevelopment projects. This move ...
- Landowner earns Rs 1.82 crore from mango sales, tax dept issues notice and adds Rs 1.2 crore as unexplained cash credit; ITAT Bangalore gives reliefThe ITAT Bangalore ruled in favor of Mr. Kanana, a landowner, upholding his affidavits and dismissing a tax notice influenced by online art...
- Possession delay: MahaREAT asked homebuyer to pay Rs 13 lakh interest to builder despite 2.5 years delay in delivery of Rs 1.65 crore apartmentA Mumbai homebuyer will pay Rs 13 lakh net interest to a builder after deduction of his interest payment from the builder. The builder must...
- ASCI half-yearly report reveals major ad violations in digital mediaDigital platforms accounted for 93% of scrutinised ads, with 2,087 ads on the medium flagged for direct legal violations. The top five cate...
- No RERA registration unless a property meets this eligibility in Maharashtra, clarifies MahaRERARERA: Maharashtra Real Estate Regulatory Authority (RERA) has laid out new clarifications about which projects are to be eligible for RERA ...
- NRI homebuyer to get Rs 1.26 crore as refund and compensation from Godrej Properties against cancellation of flat bookingMahaRERA: A non-resident Indian (NRI) paid Rs 97 lakh to book a Godrej flat, however when Godrej cancelled the flat booking, entire money (...
- MahaRERA makes submission of quality assurance by project developers mandatoryThis certificate will be based on various factors that determine the quality of the project, including the project’s structural design, sta...
- 81% of ad violations were on account of misleading claims in FY24: ASCIASCI examined 10,093 complaints and investigated 8299 advertisements. The majority of violations were on account of misleading claims at 81...
- Will you get refund of flat booking amount after cancelling it? Check your state's RERA Act which will decide the extent of recoveryFlat booking refund: There are some states like Maharashtra, Delhi, Madhya Pradesh etc who specify up to how much amount of the booking amo...
- In a first, real estate projects, promoters to be graded in Maharashtra every six monthsMahaRera, the real estate regulatory authority in India, is set to introduce a project grading system to enhance accountability in the sect...
- Certus Capital invests Rs 80 crore in premium residential project in Mumbai’s WorliCertus Capital has invested INR80 crore ($10.7m) in a luxury housing project being developed by Fortune Realty, Gala and Techno Group in Mu...
- Homebuyers seek compensation from MahaRERA over developers’ non-complianceIn January, MahaRERA had issued show cause notices to 19,500 projects that had not updated the mandatory project information as per Section...
- Maharashtra govt starts property e-registrations, to also introduce blockchainWith this, Maharashtra has become the first state to enable e-registrations of properties. Initially the facilty will be enabled for e-regi...
- Mumbai property registrations set a new 10-year high record in JulyThe stamp duty collection in July has also risen to Rs 512 crore, up 23% from June’s Rs 420 crore collection. The collection has also surpa...
- MahaRERA dismisses realtor’s ‘slowdown’ argument for delaysThe developer informed that because of economic downturn, it could not sell flats and generate funds for construction of the project locate...
- New IBC Ordinance whittles down Rera powers: MahaRera"As a regulator, I feel that if the project is registered with the Rera, every problem that a consumer faces has to be resolved by Rera onl...
- SBI makes borrowing for corporates tougher: Will the homebuyer be impacted?The decision to tighten project finance norms by not funding the interest during construction will have an impact on all real estate-associ...
- Maharashtra RERA asks Sheth Group to waive off homebuyer's 5% payment for possession delayEven after paying 95% of the consideration a homebuyer is yet to receive the possession of her flat in the developer’s project Sheth Midori...
- Plot owner or society not liable in case of default by builder: MahaRERAThe court was hearing a petition filed by owners of a three-acre plot on the Goregaon-Mulund Link Road, Mulund (W) challenging the May 2017...
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