The Latest
Real Estate Agent Loses RERA Case for Brokerage
In a landmark order, MahaRERA has ruled that brokerage disputes between real estate agents and developers fall outside its jurisdiction and must be pursued in civil courts. The Authority rejected the agent’s claim due to the absence of a written agreement and complex factual questions involved.
Realty Stocks Open Cautious as Markets Consolidate; Select Developers Show Early Strength
Real estate stocks opened on a cautious note as Indian markets consolidated in early trade. While select developers like DLF and Phoenix Mills showed resilience, others faced pressure, pointing to a range-bound and stock-specific trading session ahead.
Builder Drags Homebuyers to MahaRERA for Non-Payment, Gets Flats Cancelled & Money Forfeited
Pune developer Gera Developments dragged two homebuyers to MahaRERA for non-payment of installments. The authority cancelled both agreements but allowed the builder to forfeit only 2% instead of the demanded 10% plus charges.