The Maharashtra Real Estate Regulatory Authority (MahaRERA) has successfully recovered Rs 200.23 crore as compensation for homebuyers who suffered losses due to delayed or incomplete real estate projects. This significant recovery effort spans across various districts in Maharashtra, including Mumbai, Pune, Thane, Nagpur, and several others.
The ₹200.23 crore includes compensation from multiple regions, with the highest recovery seen in Mumbai suburban and Pune. Of the total, Rs 46.47 crore was recovered from Mumbai city, Rs 76.33 crore from Mumbai suburban, and Rs 39.10 crore from Pune. Other regions such as Thane, Nagpur, Raigad, Palghar, and Sambhajinagar also contributed to the recovery, while some districts, including Sindhudurg, Satara, Ratnagiri, and Solapur, still have pending recoveries.
MahaRERA’s ongoing recovery efforts aim to ensure that homebuyers who have faced delays or issues with developers receive their rightful compensation, including interest, refunds, and damages. The authority has issued a total of 1,163 warrants to recover Rs 705.62 crore from 442 real estate projects, out of which Rs 200.23 crore has already been successfully recovered from 283 warrants involving 139 projects.
To improve the efficiency of these efforts, MahaRERA has introduced a new initiative. Retired Tahsildars will be appointed in the offices of the District Collectorates in Mumbai suburban and Pune to expedite the recovery process in regions with high arrears and numerous complaints. This initiative will be piloted in these areas, and based on its success, similar appointments may be considered in other districts as well.
MahaRERA has also been working closely with the District Collectorates and other local authorities to ensure the smooth recovery of dues. The authority emphasizes the importance of coordination between various government departments to facilitate the collection of compensation, especially when developers fail to pay within the prescribed timelines.
According to MahaRERA Chairman, Manoj Saunik, the appointment of retired senior officers from the revenue department has significantly accelerated the recovery process.
“MahaRERA, on various complaints, issues orders regularly to compensate aggrieved homebuyers. Our role is to ensure that the compensation ordered is received by the aggrieved homebuyers, so they get adequate legal and financial relief. To facilitate this, MahaRERA has appointed a retired senior officer from the revenue department, and through him, such cases are consistently followed up with all concerned District Collectors, Deputy Collectors, and Tahsildars. Therefore, this process of recovery has gained momentum,” said Saunik.
MahaRERA’s recovery efforts, district-wise:
- Mumbai City: Rs 85.79 crore due from 35 warrants in 19 projects; Rs 46.47 crore recovered from 22 warrants in 13 projects.
- Mumbai Suburban: Rs 304.45 crore due from 440 warrants in 115 projects; Rs 76.33 crore recovered from 85 warrants in 42 projects.
- Pune: Rs 189.82 crore due from 258 warrants in 131 projects; Rs 39.10 crore recovered from 57 warrants in 36 projects.
- Thane: Rs 62.58 crore due from 191 warrants in 81 projects; Rs 11.65 crore recovered from 27 warrants in 15 projects.
- Raigad (Alibag): Rs 23.79 crore due from 116 warrants in 45 projects; Rs 7.49 crore recovered from 57 warrants in 18 projects.
- Nagpur: Rs 10.62 crore due from 18 warrants in 6 projects; Rs 9.65 crore recovered from 13 warrants in 2 projects.
- Palghar: Rs 19.86 crore due from 79 warrants in 32 projects; Rs 4.49 crore recovered from 8 warrants in 6 projects.
- Sambhajinagar: Rs 4.04 crore due from 13 warrants in 2 projects; Rs 3.84 crore recovered from 9 warrants in 2 projects.
- Nashik: Rs 3.85 crore due from 6 warrants in 5 projects; Rs 1.12 crore recovered from 4 warrants in 4 projects.
- Chandrapur: Rs 9 lakh payable from 1 warrant in 1 project; Entirely recovered.
Despite significant progress, recoveries remain pending in districts like Sindhudurg, Satara, Ratnagiri, and Solapur, where smaller amounts are yet to be collected.
MahaRERA continues to prioritize the recovery of compensation for homebuyers, working closely with local authorities to ensure that developers comply with the orders for refunds and damages. Under the Real Estate (Regulation and Development) Act, 2016, the District Collectors are authorized to recover dues as arrears of land revenue, a process supported by the Maharashtra Land Revenue Act, 1966.
As MahaRERA continues its efforts, homebuyers can expect greater accountability and relief through effective governance and streamlined recovery processes.
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