Browsing Tag

homebuyer awareness

3 posts
Bombay HC rules flat agreements don’t give land ownership to societies, sets aside decades-old Thane dispute.

Homebuyers Beware: Unregistered MOU + Project Change = Zero Rights in MahaRERA

MahaRERA has dismissed a complaint seeking interest on ₹1.53 crore paid in 2011, ruling that an old unregistered MOU offers no protection when a project undergoes major changes through a Joint Development Agreement.
The Rais booked a flat in 2013, paid ₹79 lakh, and were promised possession by December 2017. What followed was a developer collapse, a project takeover, a majority consent exercise they never agreed to — and a regulator that told them to cooperate. The tribunal disagreed.

🏠 Possession Refusal Considered Buyer’s Default: MahaRERA Sends Strong Message to Homebuyers

In a landmark ruling, MahaRERA held that homebuyers who refuse possession of ready flats cannot claim refunds or compensation. Once the project is complete and OC is obtained, the buyer must take possession — or risk being held in default.
MMR’s housing market showed mixed signals in Q2 2026 with launches jumping 23% to 34,555 units while sales fell 8% to 28,710 units. Mumbai dominated with 65% of new supply and over 70% of absorption as inventory climbed across the region.

Apartment Loading Rises to 40% in Q1 2025, Highest in MMR

In Q1 2025, average apartment loading across India’s top 7 cities reached 40%, up from 31% in 2019, as per ANAROCK. MMR leads with the highest loading at 43%, while Bengaluru saw the sharpest rise. Experts link the increase to rising demand for luxury amenities — but warn that homebuyers now get just 60% of what they pay for as usable living space.