Tag: MahaRERA

Latest StoriesRegulatory

Bombay HC Cancels Auction of 4-Acre Shikrapur Housing Land

PUNE: The Bombay High Court has overturned the auction held on April 29 for a 4.42-acre plot, part of the Aura City housing project at Shikrapur in Shirur taluka, due to a recovery warrant issued by MahaRERA in 2021. On July 15, a bench comprising Justice AS Gadkari and Justice Kamal Khata instructed the developer, Bhagvati Infra (formerly M/s Jalan Maple Shelters), to reimburse 13 flat purchasers from 2012, including interest, within a fortnight. According to advocate Vikramsinh Patil, who represented the buyers, the total amount, including interest, stands at Rs 3.15 crore. The court mandated that once the payment…

Latest StoriesRera

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…

Latest StoriesRegulatory

Bombay HC: Collector’s Office Failing to Execute RERA Refunds

MUMBAI: The Bombay High Court observed on Friday that a pending refund case under RERA related to a Chembur project reveals a troubling situation within the collector’s office. Justices AS Gadkari and Kamal Khata noted that the execution of decrees under the MahaRERA is not being properly enforced, even though it is legally required. On July 10, the court issued notices to the Mumbai suburban district collector and a tehsildar to explain why they should not face action under the Contempt of Courts Act for failing to comply with a July 8 order and providing requested information about the builder’s…

IndustryLatest Stories

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…

Latest StoriesRera

Lawyers: MahaRERA should leverage tech for project compliance

MUMBAI: MahaRERA has issued show-cause notices to 9,177 housing projects in Maharashtra and imposed more than Rs 15 crore in penalties for not submitting their quarterly progress reports (QPRs). This has prompted concerns regarding the regulator’s capability to examine the disclosures made by developers and ensure adherence to the Real Estate (Regulation and Development) Act, 2016 (RERA). Lawyers and housing activists argue that MahaRERA lacks sufficient infrastructure to systematically verify the self-declarations and documents provided by promoters. They recommend implementing random inspections, independent verifications, and technology-enhanced monitoring, such as AI, to ensure compliance. According to them, current scrutiny remains largely…

Latest StoriesRegulatory

Pune Builder Charged with Cheating Flat Buyers of ₹50 Crore

Representative AI image PUNE: The Wagholi police have initiated a cheating case against a local builder and his associates after over 150 homebuyers complained of being defrauded of nearly Rs50 crore. This action follows the builder’s failure to deliver flats in a housing project located in Kesnand, Wagholi, despite receiving significant payments from buyers. The investigation began with a complaint from a 49-year-old buyer who reported paying Rs31.77 lakh in 2018 for a 2-BHK flat and a commercial space. This amount included personal savings and bank loans transferred directly to the builder’s account. According to the signed agreement, the builder…

Latest StoriesRegulatory

Bombay HC: Flat Buyers Get Monthly Interest Under RERA Delay

MUMBAI: On Monday, the Bombay High Court ruled that under the Real Estate (Regulation and Development) Act (Rera), buyers have an unequivocal right to receive interest monthly for possession delays. Justice Madhav Jamdar stated that the law aims to protect buyers from delays and ensure timely construction. Developers cannot postpone possession indefinitely while evading the consequences mandated by Rera. Therefore, buyers who remain invested in a project despite delays are entitled to interest for each month of delay until they receive possession. Ten buyers sought compensation due to a delay in a Mulund project booked between 2005 and 2007. An…

Latest StoriesRera

MahaRERA Dues Recovery Stalls Despite Efforts by Officers

PUNE: The Maharashtra government’s effort to expedite the recovery of dues for distressed homebuyers is facing significant challenges. Despite assigning dedicated revenue recovery officers in critical districts five months ago, collections have only marginally increased by Rs10 crore. According to data from the Maharashtra Real Estate Regulatory Authority (MahaRERA), total recoveries rose from Rs270 crore in December 2025 to roughly Rs280 crore now. This slow progress continues despite a state mandate urging faster enforcement of recovery warrants. Concerns over the slow pace of recovery are amplified by the scale of the defaults. Since its launch in May 2017, MahaRERA has…

Latest StoriesRera

MahaRERA reprimands Mumbai builder for defects, delays

MUMBAI: MahaRERA has once again raised concerns regarding the Vasant Oasis project in Andheri East, instructing developers to address various issues such as leakage, seepage, structural flaws, and subpar workmanship in the common areas of one of the buildings within the township. The regulatory body has also requested that the developers initiate the conveyance process in favor of the housing society, take necessary steps to establish an apex body if it hasn’t been formed yet, and complete the conveyance by handing over all essential title documents and approved plans. The Daffodil building’s cooperative housing society at Vasant Oasis had approached…

Latest StoriesRera

MahaRERA targets errant builders, issues notices on 8,212 projects

MUMBAI: The Maharashtra Real Estate Regulatory Authority (MahaRERA) has taken action against developers of 8,212 housing projects due to their failure to submit mandatory quarterly progress reports (QPRs) by the deadline. This move aims to enhance compliance oversight in the state’s real estate sector. Among these, 4,644 projects are located in the Mumbai Metropolitan Region, with 1,465 in Thane and 1,263 in Mumbai Suburban. Of the total 33,029 registered housing projects across Maharashtra, these developers missed the April 20 deadline to update their January-March quarter disclosures on MahaRERA’s portal, as mandated by the Real Estate (Regulation and Development) Act, 2016.…