Only 30% of MahaRERA recovery warrants executed; ₹527 crore still to be recovered
PUNE: MahaRERA’s progress on recovery warrant has remained slow, with only 31% of cases executed. Despite state govt’s directive to dispose of these cases within three months, merely Rs 233 crore has been recovered out of Rs 760 crore due in 1,212 cases across Maharashtra, officials told TOI on Saturday. The slow progress contradicts revenue minister Chandrakant Bawankule’s assurance during the state budget session, where he emphasised speedy execution of MahaRERA’s recovery warrant orders and clearing the backlog within three months. The recovery warrants are issued under Section 40(1) of the Real Estate (Regulation and Development) Act (RERA) against developers…