Tag: MahaRERA

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Only 30% of MahaRERA Recovery Warrants Executed; ₹527 Crore Pending

PUNE: The progress of MahaRERA in executing recovery warrants has been sluggish, with only 31% of cases resolved. Although the state government has instructed that these cases be handled within three months, officials informed TOI that merely Rs 233 crore has been recovered from the Rs 760 crore due in 1,212 cases across Maharashtra. This slow progress contradicts the revenue minister Chandrakant Bawankule’s promise during the state budget session, where he highlighted the need for faster execution of MahaRERA’s recovery warrant orders to clear the backlog within three months. The recovery warrants are issued under Section 40(1) of the Real…

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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…