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Maharashtra real estate

11 posts
MahaRERA

MahaRERA Redefines Criteria for SROs to Benefit Developers Outside MMR

MahaRERA has announced a change to its criteria for forming Self Regulatory Organisations (SROs), reducing the minimum project requirement from 500 to 200 for developers outside the Mumbai Metropolitan Region (MMR). This reform aims to provide more accessible regulatory guidance, helping developers streamline project registrations, renewals, and compliance processes across Maharashtra.
MahaRERA

MahaRERA Dismisses Broker’s Complaint for Brokerage Payment, Cites Lack of Legal Provision

MahaRERA has dismissed a real estate agent’s complaint against a builder over unpaid brokerage for a project, stating there is no provision under RERA to adjudicate such claims. The authority clarified that agents should rely on formal agreements for commission disputes.
three women top MahaRERA exam for real estate agents

Real Estate Agent Brokerage to Be Mentioned in Sale Agreement

Maharashtra’s real estate sector has achieved a significant milestone with the introduction of a regulation requiring the documentation of real estate agent brokerage in sale agreements. This change enhances transparency and accountability, ensuring that all financial obligations related to brokerage are clearly defined. With the support of NAR-India, this initiative marks a new era for professionalism in the industry, benefiting both agents and buyers.
Court Order

Recovery Warrants Worth Rs 544 Cr Issued by MahaRERA

As of August 31, 2022, MahaRERA issued 885 recovery warrants across Maharashtra, totaling ₹544.53 crore in outstanding amounts. This article provides a detailed district-wise breakdown, highlighting the challenges in compliance within key real estate markets, including Mumbai, Pune, and Thane.
Court Order

Notice of De-Registration Applications for 2 Pune Real Estate Projects

MahaRERA has issued a notice regarding the de-registration applications for DB Commercial Phase 1 and Phase 2, managed by Pune Buildtech Pvt Ltd. The notice invites public objections within thirty days from September 11, 2024. Objections should be sent to director-comp@maharera.mahaonline.gov.in.