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MahaRERA Dashboard Lacks Updates for Six Months, Activists Alarmed

Representative AI image PUNE: Consumer activists have raised concerns regarding MahaRERA’s commitment to transparency as its online dashboard for tracking recovery warrants against defaulting developers has remained stagnant for nearly six months. This lack of updates persists despite the regulator issuing new orders during that period. The “Recovery Warrants District Wise” section on the MahaRERA website was last refreshed on January 20. Although individual recovery warrant orders issued thereafter have been uploaded, the consolidated dashboard has not been updated. This makes it challenging for homebuyers to monitor enforcement actions and recoveries. Shirish Deshpande, chairperson of Mumbai Grahak Panchayat, stated, “The…

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Mumbai reduces stamp duty on housing lease agreements to 0.5%

MUMBAI: Maharashtra Revenue Minister Chandrashekhar Bawankule announced on Tuesday a significant reduction in stamp duty for 99-year lease agreements for cooperative housing societies in Mumbai. Residential properties will now have a maximum stamp duty of 0.5%, while commercial properties will face a rate of 1.5%. The announcement came in response to a calling attention motion by Atul Bhatkhalkar (BJP), who highlighted that numerous cooperative housing societies have struggled to register lease agreements due to procedural delays and high stamp duty rates. Bawankule stated that the updated policy would offer considerable relief to societies situated on government land leased for 99…

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Maharashtra Faces Over 128,000 Pending Land Survey Cases

MUMBAI: Revenue Minister Chandrashekhar Bawankule informed the Legislative Assembly on Thursday that there are currently 128,290 pending land survey cases in the state, with an average resolution time of 121 days. Bawankule responded to queries by MLA Bhimrao Tapkir. “To facilitate the appointment of licensed surveyors for survey work, amendments have been made to the Maharashtra Land Revenue (Boundaries and Boundary Marks) Rules, 1969, specifically Rule 13 of 1989. Criteria for technical qualifications, experience, age limit, honorarium, training, licensing, administrative control, and measurement will be established to streamline the tender process for appointing licensed surveyors at the district level by…

Latest StoriesRegulatory

Maharashtra probes ₹20,000 crore stamp duty scam

MUMBAI: Revenue Minister Chandrashekhar Bawankule has initiated an investigation into a significant stamp duty scam in the state, potentially valued between Rs 10,000 crore to Rs 20,000 crore. During a session in the state assembly on Thursday, he mentioned that the government has received reports of severe discrepancies in adjudication proceedings, where stamp duties were allegedly inflated and later reduced through misuse of quasi-judicial powers. The investigation will cover stamp duty adjudications across the state from April 1, 2021, to March 31, 2026. Bawankule stated, “Preliminary findings indicate possible irregularities amounting to between Rs 10,000 crore and Rs 20,000 crore.”…

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Maharashtra to Revise Leasehold Land Records in Three Months

PUNE: Revenue Minister Chandrashekhar Bawankule has initiated a statewide effort to correct revenue records for government leasehold land. This action follows the identification of numerous cases where leaseholders have been improperly categorized as “occupants,” enabling them to make illegal claims on valuable public land. District collectors have been instructed to review these entries and update the records within three months. This directive comes in the wake of findings by the Vikas Kharge committee, which investigated land irregularities in Pune’s Mundhwa area. The committee highlighted widespread record manipulation and recommended significant reforms to protect public property. These findings were presented to…

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Maharashtra Reduces Land Survey Fees, Imposes Timelines

NAGPUR: The Maharashtra government has announced significant changes to land survey charges and procedures, aiming to reduce fees for family partition measurements and establish fixed timelines for completing surveys. These reforms are designed to alleviate public grievances and enhance administrative accountability. Revenue Minister Chandrashekhar Bawankule has approved the new framework, which requires regular land surveys to be completed within 90 days and expedited surveys within 30 days. The government indicated that these changes are intended to tackle longstanding complaints regarding delays, lack of transparency, and alleged corruption in land measurement processes, which impact property transactions and inheritance disputes in both…

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Maharashtra’s Vertical Property Cards Await Legal Approval in Assembly

PUNE: The much-anticipated discussion around the proposed vertical property cards for apartment owners is set for the upcoming monsoon session of the state legislature starting Monday. This initiative aims to establish independent ownership records for flats and is currently pending final legal approval, according to officials from the state settlement commissioner’s office, as reported by TOI. Officials indicate that the proposal is presently with the law and judiciary department, following several rounds of assessment and modifications. A senior official noted, “The proposal has now been sent to the government for its final review. Given that its implementation necessitates adjustments to…

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Maharashtra to Launch New Rates for Towers and Slums Post-Survey

MUMBAI: Maharashtra will implement distinct Ready Reckoner (RR) rates for high-rises and slum clusters within the same area, following a statewide micro-zoning initiative aimed at enhancing the realism and fairness of property valuations, announced Revenue Minister Chandrashekhar Bawankule on Wednesday. This decision, revealed on the 12th anniversary of Prime Minister Narendra Modi’s tenure, seeks to aid middle-class homebuyers and slum dwellers currently subjected to uniform valuation rates, despite significant differences in infrastructure and amenities. Bawankule noted that the Maharashtra government has initiated a three-phase survey program for micro-zoning, entrusting the Maharashtra Remote Sensing Application Centre to carry out the task…

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Maharashtra Offers Free Rural Property Cards, Waives Fees

Representative AI image NAGPUR: The state government has announced that villagers throughout the state will be issued property cards free of charge as part of the Centre’s Swamitva scheme. To alleviate the financial burden on rural residents, the government will also waive the sanad fees for property ownership regularization. During a review meeting at the Konkan Divisional Commissioner’s office on Wednesday, Revenue Minister Chandrashekhar Bawankule highlighted the state’s aim to simplify the legal ownership process for rural households. The guardian minister for the Nagpur district stated that the decision will come into effect after necessary modifications to Gram Panchayat Form…

Latest StoriesRegulatory

Revenue Minister Orders FIR in ₹87-Crore Borivali Land Dispute

MUMBAI: Revenue Minister Chandrashekhar Bawankule held a review meeting at Mantralaya this week, directing swift action regarding the Rs 87 crore land compensation issue in Borivali. In light of serious allegations, the minister told the Mumbai Suburban collector to file an FIR against the builder who reportedly received compensation unlawfully, as well as former government officials believed to have facilitated the questionable payout. Officials were ordered to finalize the FIR by 6 pm on Thursday. The meeting concerns a long-standing conflict over CTS Nos 456, 458, and 458 (1 to 10) in Borivali, where the Devrukhkar family has raised claims…