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housing regulations

6 posts
MahaRERA

MahaRERA Issues Notice for Objections on Deregistration of Eight Real Estate Projects

The Maharashtra Real Estate Regulatory Authority (MahaRERA) has issued a notice inviting objections regarding the deregistration of eight real estate projects across the state. The projects, promoted by developers including Avishkar Developers, Anshul Bhosale Realty, and VSK Builders, are spread across Pune, Thane, Ratnagiri, Aurangabad, Kolhapur, Osmanabad, and Ulhasnagar. Homebuyers affected by these developments have been given 30 days to raise objections. The deregistration could impact property investments, and buyers are urged to verify their project status and respond accordingly.
Depressed homebuyer

MahaRERA Dismisses Homebuyers’ Refund Plea as They Relinquished Property to Lender

MahaRERA has ruled that homebuyers who relinquish their property to a lender lose their right to claim refunds from the developer. In a case involving the Zeal Regency project, two buyers sought a refund after the project was delayed, but MahaRERA dismissed their plea, citing that they had surrendered ownership to the lender, who later auctioned the flat.
MahaRERA Order

MahaRERA Clarifies: Possession Without an OC is Not Legally Recognized

MahaRERA has clarified that possession of a property without an Occupancy Certificate (OC) is not legally valid. In a case involving the LEO Group Housing Complex, the regulatory body ruled that homebuyers living in such properties do not hold legal possession. The authority has imposed penalties on the developer and allowed affected buyers to claim compensation for delayed possession.
MahaRERA

MahaRERA Suspends Registration of 1,950 Real Estate Projects for Non-Compliance

The Maharashtra Real Estate Regulatory Authority (MahaRERA) has suspended the registration of 1,950 lapsed housing projects due to non-compliance with regulatory norms. Developers failed to provide updates on their projects’ status, resulting in frozen bank accounts and restricted transactions. With responses received from 5,324 projects, MahaRERA continues its crackdown on errant developers to ensure transparency and protect homebuyers’ interests in the real estate sector.
MHADA

MHADA Konkan Board Directs Developer to Cease Additional Fees for EWS Flat Winners in Dhokali

The Maharashtra Housing and Area Development Authority (MHADA) has directed a Thane-based developer to cease additional fee demands from 132 EWS flat winners in Dhokali. This decision ensures beneficiaries can purchase their flats at the originally advertised prices without unexpected financial burdens, upholding the guidelines of the 20% All-Inclusive Scheme.