Projects Seeking Deregistration

The projects listed for deregistration are spread across Pune, Thane, Ratnagiri, Aurangabad, Kolhapur, Osmanabad, and Ulhasnagar. The notice includes the names of the promoters, project titles, registration numbers, and project locations. The following are the details of the projects:

1. Avishkar Heights – A Wing – Phase (Promoter: Avishkar Developers) – Located at Jalgaon, Dapoli, Ratnagiri. (MahaRERA No: P52800002837)
2. Kanvas (Promoter: Anshul Bhosale Realty) – Located in Wagholi, Haveli, Pune. (MahaRERA No: P52100023770)
3. B Building (Promoter: Vinod Keshav Joshi) – Located in Malgund, Ratnagiri. (MahaRERA No: P52800014338)
4. Keshav Baug VSK City (Promoter: VSK Builders and Developers) – Located in Pathan, Aurangabad. (MahaRERA No: P51500021150)
5. Urban Life Phase II Building C (Promoter: Atharv Estates India Pvt. Ltd.) – Located in Kabnur, Hatkanangle, Kolhapur. (MahaRERA No: P53000002179)
6. Vijay Get (Promoter: North West Infra) – Located in Umarga, Osmanabad. (MahaRERA No: P52500024536)
7. Sai World Retreat (Promoter: Paradise Leisure Homes) – Located in Ulhasnagar, Thane. (MahaRERA No: P51700001566)
8. Infinite Residency (Promoter: Mistry Construction Co. Pvt. Ltd.) – Located in Thane. (MahaRERA No: P51700017401)

Impact on Homebuyers

Deregistration of a real estate project means that the developer is formally withdrawing the project from MahaRERA’s purview, which could indicate financial or legal hurdles. For homebuyers, this can be a matter of concern, as deregistration may affect the status of their investments, possession timelines, and legal rights.

The notice urges affected buyers and other stakeholders to raise objections, if any, before the deadline. Buyers who have invested in these projects should immediately verify their status and submit concerns to MahaRERA via the official email address provided in the notice: dreicot-cromp@maharera.mahaonline.gov.in.

Way Forward for Homebuyers

• Verify the project’s current status by checking MahaRERA’s website for updates.
• Reach out to the developers to understand the reason behind the deregistration request.
• Consult legal experts if you have financial stakes in any of these projects.
• Submit objections within the 30-day period if there are concerns regarding deregistration.

With deregistration requests surfacing, this is a crucial moment for homebuyers to ensure their interests are protected. MahaRERA’s intervention will be key in determining the fate of these projects and the developers’ obligations towards their buyers.

Also Read: MahaRERA suspends registration of 388 developers for not providing quarterly updates

The post MahaRERA Issues Notice for Objections on Deregistration of Eight Real Estate Projects appeared first on Square Feat India.

The case pertained to the Zeal Regency project (MahaRERA Registration No. P99000003182), which has remained incomplete despite multiple deadline extensions. The complainants, Heena Dinesh Padaya and Santosh Govind Rathod, had purchased Flat No. 809 in C Wing for ₹29 lakh, financing it through IIFL Finance Limited.

Why MahaRERA Rejected Their Complaint:

• The complainants, unable to repay their home loan, signed a surrender letter in February 2023, handing over all rights to the flat to IIFL.
• IIFL later auctioned the flat in March 2024 and sold it to Lal Bahadur Maurya.
• Since the complainants had willingly relinquished ownership, MahaRERA ruled that they were no longer legally recognized as allottees under the Real Estate (Regulation and Development) Act, 2016 (RERA).
• As per RERA, only current allottees or aggrieved parties can seek relief from a developer, making their refund request invalid.

MahaRERA’s Verdict:

MahaRERA Chairperson Manoj Saunik stated that by surrendering their rights to the lender, the complainants ceased to have any legal claim over the flat. With ownership transferred to a new buyer, their demand for a refund from the developer was deemed non-maintainable, leading to the complaint’s dismissal.

What This Means for Homebuyers:

This ruling serves as a crucial reminder for homebuyers facing financial difficulties. Once a property is surrendered to a lender and auctioned, the original buyer loses all rights to claim refunds or compensation from the developer. Legal experts advise homebuyers to carefully assess their options before giving up ownership to financial institutions.

Also Read: MahaRERA says only trained and certified agents to operate in the real estate sector

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This clarification came in response to multiple complaints filed by homebuyers of the LEO Group Housing Complex project (MahaRERA Registration No. P51800008538) against developer Sir George P. Joseph. The complainants sought relief due to the delayed possession and non-issuance of the OC. The project, which was initially scheduled for completion by June 2019, has remained incomplete, with the developer failing to obtain the required certificate.

Key Rulings by MahaRERA:

• Possession Without OC is Illegal: The regulatory body ruled that physical possession of a property does not equate to legal ownership in the absence of an OC, as it violates statutory requirements.
• Delayed Possession Penalty: MahaRERA has granted the complainants the right to claim interest for delayed possession from July 2019 onwards.
• Restrictions on the Developer: The project registration has been put on hold, preventing the developer from advertising, selling, or transferring any flats until further notice. Additionally, the project’s bank account has been frozen.
• Developer Fined: A penalty of ₹50,000 has been imposed on the promoter for non-compliance with RERA regulations.

Implications for Homebuyers

MahaRERA’s decision reinforces that developers must obtain the OC before handing over possession. Homebuyers living in properties without an OC could face legal and financial risks, including lack of access to municipal water, electricity connections, and legal ownership rights.

Buyers are advised to verify project completion certificates and OC status before taking possession to safeguard their rights under the Real Estate (Regulation and Development) Act, 2016.

For affected residents and prospective buyers, MahaRERA has reiterated the importance of strict adherence to real estate laws, ensuring that homebuyers receive legally recognized possession of their homes.

Also Read: Builder cancels booking, MahaRERA orders refund

The post MahaRERA Clarifies: Possession Without an OC is Not Legally Recognized appeared first on Square Feat India.

In the first phase, MahaRERA issued a 30-day deadline for developers to respond to the notices. Developers of 5,324 projects submitted replies, with 3,517 providing their Occupancy Certificates (OC) and 524 seeking extensions for project completion. The responses of 1,283 projects remain under scrutiny.

However, 3,499 projects have not responded, prompting MahaRERA to initiate further action. These projects risk suspension of registration, transaction restrictions, and other penal measures.

Promoting Accountability and Transparency
MahaRERA Chairman Manoj Saunik highlighted the critical role of transparency and accountability in the real estate sector. “The primary objective of the Real Estate (Regulation and Development) Act, 2016 is to ensure transparency, accountability, and financial discipline in the real estate sector, ultimately protecting homebuyers’ interests,” he stated.

He noted that while the law mandates quarterly and annual updates on project status, compliance has been inconsistent. “In January 2023, only three out of 748 projects had submitted the required information. However, consistent follow-ups have resulted in significant improvement, as seen in the response to our recent show cause notices,” Saunik added.

Strict Measures to Enforce Compliance
Developers registering with MahaRERA must declare their project’s proposed completion date and update the authority if there are delays. They must submit Form 4 with the OC upon completion or apply for an extension if required. Quarterly Progress Reports (QPRs) and annual updates are also mandatory.

Non-compliance with these obligations has led to the suspension of defaulting projects and freezing of their bank accounts. MahaRERA has also instructed Joint District Registrars not to process transactions for these projects, further tightening measures to enforce compliance.

The authority has reiterated its commitment to protecting homebuyers and ensuring that developers adhere to the timelines and reporting requirements outlined in the Real Estate Act.

With 1,950 registrations already suspended and more stringent action expected against non-responding projects, MahaRERA continues its robust efforts to bring transparency and discipline to the real estate sector.

Also Read: conciliation forum MahaRERA

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In a joint meeting with eligible flat winners, MHADA officials, and the developer’s representatives, MHADA Vice President and CEO Sanjeev Jaiswal emphasized adherence to the guidelines of the 20% All-Inclusive Scheme of the Unified Development Control and Promotion Regulations (UDCPR-2020). This scheme aims to provide affordable housing to citizens in the EWS and Low Income Group (LIG) categories. Under this scheme, MHADA advertises flats priced with an additional 25% construction cost included. The remaining amount, excluding administrative fees, is to be paid by beneficiaries directly to the developer, making the developer’s demand for extra charges unacceptable.

The developer had requested ₹3,58,635 as development charges from each beneficiary, which violated the agreed terms. The directive instructs the developer to only levy applicable government fees and provide beneficiaries with a detailed breakdown of the charges. The developer is also required to complete flat agreements with all beneficiaries and submit a report on corrective actions taken.

This issue arose after MHADA’s lottery held in February 2024, offering 132 flats to EWS beneficiaries at Plot No. 380, Highland Springs, Dhokali. Successful applicants were to pay 1% of the total flat cost to MHADA as an administrative fee, with the remaining amount and government-mandated fees payable directly to the developer. Despite the advertised flat price of ₹18 lakh, the developer issued demand letters for an additional ₹9 lakh, raising serious concerns among beneficiaries.

Following these excessive demands, MHADA had previously instructed the developer not to charge beyond government-sanctioned fees and to issue revised demand letters in compliance with RERA regulations. Due to the developer’s lack of response, several beneficiaries filed complaints during the Lokshahi Din grievance redressal meeting.

MHADA’s swift action provides clarity and relief to affected beneficiaries, confirming that no additional charges beyond those sanctioned by the government are to be collected under this scheme. Beneficiaries are now assured of purchasing flats at the originally advertised rates, without unforeseen expenses.

Also Read: MHADA Konkan Board Announces Lottery for 12,626 Housing Units and Plots

The post MHADA Konkan Board Directs Developer to Cease Additional Fees for EWS Flat Winners in Dhokali appeared first on Square Feat India.

New Regulation Details

Traditionally, homebuyers have been promised a range of amenities—such as swimming pools, tennis courts, and gyms—when purchasing apartments, but these facilities are often delayed or not delivered as expected. To address this, MahaRERA has mandated that developers must include a precise timeline for the completion and delivery of these amenities in the Agreement for Sale’s Annexure-I.

Annexure-I, which is an integral part of the legally binding Agreement for Sale, will now detail the expected delivery dates for all promised facilities. This move is designed to hold developers accountable and ensure that the amenities are delivered as committed.

Phase-Wise and Date-Specific Commitments

For larger projects that are developed in multiple phases, the new regulation requires developers to provide a phase-wise schedule and specific dates for the availability of amenities. This ensures that residents in the initial phases are informed about when they can expect these facilities to be ready.

Implications for Existing and Future Agreements

The new rules apply to all new Agreements for Sale. Existing agreements remain unchanged with respect to current provisions. However, future Agreements must include comprehensive details about amenities in Schedule-II.

Additionally, any significant changes to the amenities—such as their location, number, or nature—will need prior approval from MahaRERA. Developers must also seek consent from two-thirds of the residents for such changes, preventing unilateral modifications.

Detailed Requirements for Amenities

The updated regulations also require detailed information about recreational areas and types of lifts (e.g., passenger, service, fire evacuation) to be included in the Agreement for Sale. This includes specifications on the expected date of the Occupancy Certificate (OC) and the size and status of the amenities.

Statements from MahaRERA Leadership

Ajoy Mehta, Chairman of MahaRERA, highlighted the importance of the new regulations: “Developers often promote a variety of amenities to attract buyers but fail to provide clear timelines for their delivery. This lack of transparency has affected many homebuyers. By requiring deadlines for amenities to be included in the Agreement for Sale, we aim to provide homebuyers with clear and enforceable commitments.”

He added, “This initiative not only protects homebuyers but also enhances transparency in the real estate sector. Developers will now be held accountable for delivering amenities within the specified timeframe, just as they are for completing apartments.”

Conclusion

MahaRERA’s new regulation represents a crucial step toward improving transparency and accountability in the real estate sector. By ensuring that deadlines for amenities are clearly defined and legally binding, the authority aims to safeguard homebuyers and enhance their overall experience with housing projects.

Also Read: After MahaRERA suspended 20k agent registrations 5k to appear exam on July 29

The post MahaRERA Mandates Deadlines for Amenity Delivery in Housing Projects appeared first on Square Feat India.