Browsing Tag

maharashtra

52 posts
In a pioneering ruling, MahaREAT directs developers to repay a buyer's 2009 cash booking of ₹7.5 lakh as part of ₹15 lakh relief with interest, upholding an unregistered deal and piercing partnership defenses.

Ex Parte MahaRERA Ruling Put on Hold

The Maharashtra Real Estate Appellate Tribunal has temporarily halted an ex parte MahaRERA order against Siddhitech Developers. The ruling, which previously mandated the developer to execute sales agreements and pay interest for delayed possession, is now stayed pending appeal, though the developer is barred from creating third-party rights on the subject flats.
The Bihar RERA has fined a developer ₹1 lakh for displaying "Coming Soon" posters and online ads for an unregistered project, holding that even minimal promotions violate Section 3 of the RERA Act and defeat buyer protection goals.

Developer’s Accounts Frozen for Failure to Pay Allottees, Tribunal Rejects Plea to Unfreeze

A Mumbai-based real estate developer, Altaa Construction, has had its plea to unfreeze bank accounts rejected by the Maharashtra Real Estate Appellate Tribunal. The accounts were frozen by authorities due to the developer’s continuous failure to comply with orders dating back to 2020, which mandated the payment of Rs. 71 lakh in interest to allottees. The Tribunal cited a “dilatory strategy with malafide intentions” on the part of the developer, noting the allottees’ five-year struggle to recover their dues.
eetendra Kapoor's family firms, Pantheon Buildcon & Tusshar Infra, sell a prime 2.39-acre Andheri land parcel with Balaji IT Park to NTT Global Data Centers for Rs 855 crore.

Jeetendra Kapoor Family Firms Sell Prime Andheri Land for Rs 855 Crore to NTT Global Data Centers

Firms owned by veteran Bollywood actor Jeetendra Kapoor and his family have sold a significant 2.39-acre land parcel in Mumbai’s prime Andheri area to NTT Global Data Centers & Cloud Infrastructure India for a staggering Rs 855 crore. The property, currently housing Balaji IT Park, marks a major real estate transaction in the city.
Mumbai recorded 12,070 property registrations in September 2025, marking a 32% YoY rise and the best September since 2013. Stamp duty revenues grew 47% YoY to ₹1,292 crore, boosted by festive demand and strong buyer confidence in suburban markets.

e-Stepin: Maharashtra’s Online Slot Booking System For Property Registration

Maharashtra introduces e-Stepin, a digital platform enabling citizens to book appointments for property registration, enhancing efficiency and reducing wait times.
Based on the provided news article, here is an excerpt that captures the essence of the ruling: "In a significant legal victory for homebuyers, the Maharashtra Real Estate Appellate Tribunal (MahaRERA Tribunal) has delivered a detailed order affirming the retroactive power of the Real Estate (Regulation and Development) Act, 2016 (RERA Act). The ruling came in the appeals of two allottees from an incomplete project in Malad, solidifying the protection RERA offers to consumers even for agreements made before the law was enacted.

MahaRERA Updates Guidelines for Hearing Complaints, Prioritizes Seniority

MahaRERA has issued a new circular revising the guidelines for hearing complaints filed under Section 31 of the RERA Act. The circular emphasizes that complaints will generally be heard based on the seniority of their filing date, with exceptions for cases involving serious illness, order reviews, settled disputes, and other specific circumstances.