News

MahaRERA DENIES INTEREST ON DELAYED POSSESSION

In an order that is likely to set a precedent, the Maharashtra Real Estate Regulatory Authority has denied interest on delayed possession to a home buyer, terming that interest at this juncture could “jeopardise” completion of the housing project.

Source (Mumbai Mirror)  Read More*

Oct 17, 2018 [MUMBAI]:

MahaRERA DENIES INTEREST ON DELAYED POSSESSION

In an order that is likely to set a precedent, the Maharashtra Real Estate Regulatory Authority has denied interest on delayed possession to a home buyer, terming that interest at this juncture could “jeopardise” completion of the housing project.

Source (Mumbai Mirror)  Read More*

Oct 17, 2018 [MUMBAI]:

MahaRERA DISMISSES SLOWDOWN ARGUMENT FOR DELAYS

The Maharashtra Real Estate Regulatory Authority has refused to entertain realty developer Neelkamal Realtors’ argument of general economic slowdown for its inability to adhere to the delivery schedule it had promised the home buyers.

Source (Economic Times)  Read More*

Jan 2, 2019 [MUMBAI]

PIMPRI-CHINCHWAD CIVIC BODY DECLARES MahaRERA REGISTERED PROJECT UNAUTHORISED

The civic body said the builder had produced false documents to get the building plan sanctioned. The building permission was first cleared by the PCMC in 2015

Source (Economic Times)  Read More*

Dec 7, 2018 [PUNE]

MahaRERA DIRECTS PROMOTERS TO UPLOAD QUALITY CERTIFICATES FROM DEC 1

The move follows complaints of poor-quality work or material used in various projects. The engineer or the site supervisor would have to issue a certificate, like an affidavit, where they would have to state that the work is being carried out in accordance with the development permission and as per the approved plan. Material testing and workmanship will be part of the certification.

Source (Economic Times)  Read More*

Nov 28, 2018 [MUMBAI]

MahaRERA DENIES INTEREST ON DELAYED POSSESSION

In an order that is likely to set a precedent, the Maharashtra Real Estate Regulatory Authority has denied interest on delayed possession to a home buyer, terming that interest at this juncture could “jeopardise” completion of the housing project.

Source (Mumbai Mirror)  Read More*

Oct 17, 2018 [MUMBAI]:

PORTAL TO TRACK NON RERA REGISTERED PROJECTS

In a bid to track ongoing residential projects which have still not registered with the MahaRera, consumer body Mumbai Grahak Panchayat (MGP) on Wednesday launched a portal that will enable buyers to upload information of such projects

Source (Economic Times)  Read More*

Sept 27, 2018 [MUMBAI]:

LACK OF APPROVALS, FINANCIAL WOES: NO FORCE MAJEURE

Realty developers cannot use the force majeureclause for financial crisis and lack of approvals in any project, ruled the MaharashtraReal Estate RegulatoryAuthority in a recent order against Hindustan Construction Company’s subsidiary LavasaCorporation. 

Source (Economic Times)  Read More*

Sept 10, 2018 [MUMBAI]:

MahaRERA DIVES INTO ACTION

1.2 lakh fine was imposed by MahaRERA on the real estate consultant for advertising an unregistered project, thereby misleading consumers. The agent was informed to apologize for indulging in misleading ads. 

Source (EconomicTimes)  Read More*

June 22, 2017 [PUNE]:

NO EXTENSION FOR RERA REGISTRATION IN MAHARASHTRA

Maharashtra Real Estate Regulatory Authority (RERA) chairman Gautam Chatterjee has informed again that there is no possibility of extension for registration of ongoing projects beyond July 31. Developers have been requested to hurry up the registration process, to bring in transparency in the sector. 

Source (EconomicTimes)  Read More*

June 12, 2017 [PUNE]

IMPACT OF RERA ON EXISTING PROJECTS

The Maharashtra Real Estate Regulatory Authority (RERA) has issued its first show-cause notice to a property broker for violating provisions of the Real Estate (Regulation & Development) Act 2016. 

Source (EconomicTimes) Read More*

June 01, 2017

CENTER: STATES SHALL NOT TRY TO DILUTE RERA

Central government has informed states not to dilute provisions of RERA as this might lead to legal challenges. Numerous home buyers have opposed efforts of state governments to dilute provisions in favor of real estate developers. 

Source (EconomicTimes) Read More*

May 22,2017:[New Delhi]

EXPERTS: CITIZEN AWARENESS KEY FOR RERA'S SUCCESS

At a event organized by citizen's forum Sajag Nagrik Manch, experts have stressed the fact that citizens' participation and awareness are going to be essential factors in making regulation like RERA a success. 

Source (EconomicTimes) Read More*

May 09,2017:[PUNE]

RERA REGISTRATION MUST IN ADVERTISEMENTS

After August 1,2017 RERA registration numbers will have to be mentioned their in advertisements from builders. RERA clause makes it mandatory for developers to give information about the projects so that consumers can check what they are offered.

Source (EconomicTimes) Read More*

May 29,2017:[NASHIK]

FIRST RERA REGISTRATION

A Mumbai based developer and a Thane builder have been one of the first in country to register their projects under Maharashtra Real Estate Regulatory Authority (RERA). The law has come into effect on May 1, 2017.

Source (EconomicTimes) Read More*

May 03,2017:[MUMBAI]

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