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.

MahaRERA Clarifies Approval Process for Promoter Rights and Liabilities

The Maharashtra Real Estate Regulatory Authority (MahaRERA) has clarified that promoters can change their organizational structure without needing prior consent from two-thirds of allottees. This move, stemming from Circular Nos. 24/2019 and 24A/2021, aims to streamline processes and enhance operational efficiency in the real estate sector while ensuring that allottee rights remain protected.

MahaRERA’s Conciliation Forum Redresses 1,749 Complaints

MahaRERA’s Conciliation Forums have redressed 1,749 complaints from homebuyers, emphasizing timely and amicable resolutions. With 533 ongoing hearings and expanding operations, the initiative is gaining traction both within Maharashtra and in other states seeking to adopt similar models.

Maharashtra Government Allocates ₹8,100 Crore for PMAY (Urban) 2.0

The Maharashtra government has announced an allocation of ₹8,100 crore for the implementation of Pradhan Mantri Awas Yojana (Urban) 2.0. This initiative aims to provide affordable housing to urban residents, offering financial subsidies to eligible homebuyers. To qualify, applicants must not own any residential property in the country

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.