Developer’s Residual Rights in a Real Estate Project and How it Impacts Homebuyers

In a significant ruling, the Bombay High Court quashed a unilateral deemed conveyance order, emphasizing the need for independent architect verification in multi-building layouts. The December 23, 2025 judgment in Velantine Properties highlights the tension between developers’ residual rights to unused land and FSI, and homebuyers’ demand for timely property transfer under MOFA—illustrating why clear contracts and fair assessments are crucial for both sides.

MahaRERA’s Rule on Housing Society Formation: A Guide for Homebuyers in Maharashtra

Under MahaRERA guidelines, developers must enable the formation of a housing society or legal entity within three months from when 51% of apartments are booked or upon receiving the Occupancy Certificate (OC). This provision, per Section 11(4)(e) of the RERA Act, empowers homebuyers by shifting control from promoters to residents.

MahaRERA Orders ₹724 Crore Recovery from Builders, Just One-Third of Amount Reached Homebuyers

MahaRERA has issued recovery warrants worth ₹724 crore against builders across Maharashtra, but only one-third of the amount has been recovered so far. Mumbai Suburban and Pune account for the largest unpaid dues, raising concerns over weak enforcement.

MahaRERA Stops Lender’s Bid to ‘Hijack’ Stalled Project: IIFL’s Promoter Change Plea Rejected

In a decisive blow to lender overreach, MahaRERA dismissed IIFL’s plea to revoke Shreeji Enterprises’ role in the stalled Woodshire project, emphasizing RERA’s focus on allottees over private disputes. The order also grants partial relief to a homebuyer, probes potential double sales, and imposes a project freeze, highlighting ongoing challenges in India’s real estate sector.

Builder Sold Flats, Disappeared for 40 Years – Bombay High Court Finally Gives Ownership to Residents

After selling flats in the 1980s, the landowner vanished for 40 years. Residents formed their own society, paid taxes, and maintained the buildings themselves. When the original owner finally claimed the land back, Bombay High Court threw out the case with costs and declared: the residents are the real owners. A historic victory for flat buyers across Maharashtra.