Tag: Maharashtra RERA

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MahaRERA Freezes Accounts, Suspends 4,812 Lapsed Projects

PUNE: The Maharashtra Real Estate Regulatory Authority (MahaRERA) has suspended registrations for 4,812 housing projects statewide since July, freezing their bank accounts because developers failed to update construction progress or request extensions despite multiple reminders. The majority of suspended projects are in major urban areas, with Pune leading at 1,219 suspensions, followed by Thane (535), Raigad (465), Mumbai suburban (438), and Palghar (377). These projects will now be barred from property transactions, and developers could face penalties up to ₹50,000 for non-compliance. This action follows a crackdown initiated in December when MahaRERA identified 10,773 projects lacking updated timelines. “Many developers…

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MahaRERA Offers Physical and Virtual Hearings After HC Order

PUNE: On Saturday, the Maharashtra Real Estate Regulatory Authority (MahaRERA) announced that it provides both physical and virtual options for hearing complaints, allowing parties to appear in person upon request. This statement comes in light of a recent directive from the Bombay High Court urging MahaRERA to reinstate hybrid hearings, emphasizing that access to justice should encompass the option for physical presence. “We regularly offer physical hearings to those who choose this option. While virtual hearings are more favored, we ensure that no one is excluded from attending physically,” a senior official from MahaRERA stated to TOI. The court’s ruling…

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MahaRERA Lists 1,244 ‘Under Abeyance’ Projects in Pune

Representative image created by AI PUNE: The Pune district is facing a significant issue with 1,244 real estate projects currently under ‘abeyance’ as designated by MahaRERA, disallowing any new bookings or sales. This status indicates that these projects have either not received completion certificates or have failed to secure deadline extensions, leaving many buyers with their investments in limbo. One impacted buyer, an IT professional after 11 years, has yet to take possession of his apartment in a project located at the Sinhagad foothills. Despite several favorable orders from MahaRERA, the project remains incomplete, and a refund has not been…

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Bombay HC Orders Maharashtra RERA to Reinstate Hybrid Hearings

MUMBAI: The Bombay High Court has ordered the Maharashtra Real Estate Regulatory Authority (MahaRera) to reinstate hybrid hearings within four weeks. This will allow parties to choose between physical or virtual appearances. “Access to justice includes the right to appear in person, not just virtual access,” stated Justices Revati Mohite Dere and Neela Gokhale. A petition filed by Mayur Desai requested the court to expedite the resolution of execution and non-compliance cases pending since March 2024 and to reinstate hybrid hearings, a practice in place before the Covid-19 pandemic. MahaRera’s attorney mentioned that parties wishing to attend in person could…

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Maharashtra RERA Halts Details of Project in Abeyance

MUMBAI: Home buyers and advocates are facing challenges accessing information on projects currently suspended on the MahaRERA website. Upon attempting to retrieve project details, they encounter a message indicating the project is in abeyance and that associated bank accounts are frozen. Critical information including completion dates, occupancy certificates, approval status, and previous orders is unavailable to home buyers. Advocates argue that without public access to important documents like Form 4, project approvals, and historical MahaRERA or appellate orders, home buyers may struggle to seek legal remedies. Nonetheless, MahaRERA representatives stated that home buyers can request project information directly via email.…

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MahaRERA Initiates Statewide Verification of Developer OCs

Certainly! Here’s a rewritten version of the content you provided: PUNE: The Maharashtra Real Estate Regulatory Authority (MahaRERA) has launched a statewide verification process for 2,600 Occupancy Certificates (OCs) submitted by developers through its official portal. These certificates are being sent to the relevant planning authorities for validation to prevent any potential discrepancies or forgeries, as reported by officials on Saturday. This initiative follows the repercussions of the Dombivli scam, where developers allegedly utilized falsified approvals to construct illegal buildings across numerous projects. This crackdown is a direct consequence of the 2022 Kalyan-Dombivli Municipal Corporation (KDMC) scandal, which involved 65…

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Mumbai: No respite for six defaulter buyers in Chembur project

MUMBAI: MahaRERA has recently ruled against six flat purchasers, stating they are not entitled to relief under the Real Estate (Regulation and Development) Act due to payment defaults. Out of the six purchasers, five requested refunds to withdraw from a residential project in Chembur, while one wished to continue but asked for an extension on payment. Godrej Developers responded by terminating their bookings and attempting to forfeit the booking amounts. The allottees contested the forfeiture, seeking refunds under Section 18 of the RERA Act based on their desire to withdraw from the project. One complainant mentioned that due to the…

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MahaRERA Updates Project Certificate Format for Homebuyers

PUNE: The Maharashtra Real Estate Regulatory Authority (MahaRERA) has updated its project registration certificates to better inform homebuyers and promote transparency. These revised certificates now present key project information in a clear and concise format. For the first time, the certificate issued during project registration will include essential details such as total built-up area, the number and names of buildings and wings, approved habitable floors, as well as the status of commencement certificates and total parking spaces available for vehicles. These crucial details, including the promoter’s and project’s name and address, are now formatted in bullet points for improved readability,…

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Over 7,000 Complaints Still Pending with MahaRERA

Eight years after its establishment in 2017, Maharashtra’s real estate regulator, MahaRera, is still facing a considerable backlog of unresolved complaints. Out of the 29,374 complaints filed, 7,310 are still pending, leading to calls from homebuyers, legal experts, and activists for quicker resolutions and stricter enforcement of orders. While MahaRera has successfully resolved 21,888 cases and conducts both online and offline hearings, the growing number of unresolved cases has raised concerns among consumer advocates. They emphasize the need for more adjudicating officers and additional regional benches to manage the increasing workload. MahaRera has registered over 50,000 real estate projects—the highest…