MahaRERA Becomes First in India to Cross 50,000 Housing Project Registrations

MahaRERA has made history by becoming the first and only state real estate authority in India to register over 50,000 housing projects. With 35% of the nation’s total registered housing developments, Maharashtra outpaces Tamil Nadu and Gujarat by a wide margin, reflecting its leadership in regulated real estate growth.

Neelkanth Infracon Directed to Compensate Homebuyers for Delay

The Maharashtra Real Estate Appellate Tribunal has dismissed Neelkanth Infracon LLP’s appeal and upheld MahaRERA’s order mandating interest payments to homebuyers for delayed possession of flats in the “Neelkanth Kingdom” project.

MahaRERA to Fast-Track Complaint Hearings in Exceptional Cases, Issues Detailed Guidelines

MahaRERA has issued detailed guidelines allowing certain complaints to be heard on priority, bypassing the usual seniority order. Cases involving life-threatening illness, court orders, mutual settlements, or withdrawal requests can now receive expedited hearings if proper documents are submitted.

MahaRERA Appoints Revenue Recovery Officers to Enforce Builder Penalties, Boosting Homebuyer Protection

In a major relief for homebuyers, the Maharashtra government has appointed dedicated Revenue Recovery Officers to enforce MahaRERA orders against defaulting builders. This decision enables faster recovery of penalties and compensation, providing long-overdue justice to affected buyers in stalled or delayed projects.

MahaRERA Orders Refunds and Reliefs to Homebuyers as Developer Delays OC and Possession

In a key ruling, MahaRERA has directed Blue Baron Realtors to refund homebuyers in the Zeal Regency project with interest due to delayed possession and non-issuance of OC. The order also mandates the handover of promised amenities and allows buyers to pursue compensation for mental agony.