MahaRERA Cracks Down on 11,000 Lapsed Housing Projects

MahaRERA has issued show cause notices to nearly 11,000 lapsed housing projects across Maharashtra, urging developers to submit Occupancy Certificates or seek deadline extensions within 30 days. Non-compliance could result in project suspension, restricted flat sales, and frozen bank accounts.

MHADA To Hold Street Plays, Stall at Railway Station To Get buyers for Homes

The Konkan Housing and Area Development Board of MHADA has launched a campaign to promote the sale of flats under its First-Come, First-Serve scheme for EWS, LIG, and MIG categories. The campaign includes 29 stalls set up across key locations to assist with registration and provide project details from December 2 to 11, 2024.

MahaRERA Recovers ₹200.23 Crore as Compensation for Homebuyers

MahaRERA has recovered Rs 200.23 crore in compensation for homebuyers, enhancing recovery efforts with the appointment of retired Tahsildars in Mumbai suburban and Pune. The authority is working to ensure developers meet compensation orders for delayed or incomplete real estate projects.

Maharashtra’s Property Market Eyes Major Reforms With Formation of the New Government

As the Mahayuti alliance prepares to form the new government in Maharashtra, the real estate sector is anticipating major reforms aimed at reshaping the industry. Key industry leaders are calling for streamlined project approvals, improved infrastructure connectivity, and policies supporting affordable housing and luxury developments. These reforms are expected to drive economic growth, foster sustainable urban development, and position Maharashtra as a leading investment hub on the global real estate map.

MahaRERA Invites Objections to De-Registration of Macrotech and Raheja Projects Along with 17 Others

MahaRERA has issued a notice inviting objections to the de-registration of 19 real estate projects, including prominent developments by Macrotech Developers and K Raheja Corp. Stakeholders are encouraged to submit objections by 12th December 2024, ensuring transparency in the real estate sector.