Browsing Tag

MahaRERA

395 posts
MahaRERA rules builder's one-sided termination — issued 4 years after homebuyers' complaint — cannot cancel statutory delay interest rights under RERA while project incomplete, granting interest from Jan 2022 till possession with OC in Ruparel Skygreens I case.

RERA Can’t Guarantee Delivery: MahaRERA Orders Justice After 5-Year Delay

A MahaRERA order highlights that RERA registration does not ensure timely possession. After a five-year legal fight, a homebuyer secured a refund with interest as the authority found the developer guilty of defaulting even after signing the agreement post-RERA implementation.
In a blow to real estate borrowers, the Bombay High Court has ruled that a single mortgage securing multiple loans counts as separate transactions, forcing Mumbai developer Neepa Real Estates to pay an extra ₹72 lakh in stamp duty and penalties on ₹625 crore worth of loans.

Homebuyers Come Before Banks: MahaRERA Pulls Bank For Ignoring Homebuyers While Lending Money to Builder

In a landmark ruling in the Ashish Sea View case, MahaRERA has declared that homebuyer rights take precedence over banks’ SARFAESI claims. The authority criticised lenders for failing to verify third-party rights and directed them to conduct thorough due diligence before granting project loans. The order significantly strengthens protections for Maharashtra homebuyers.
MahaRERA

“Because of Greed of Promoter to Construct More Floors”: RERA Tribunal Dismisses Marathon Nexzone Appeal, Upholds Interest to Buyers

Because of greed of promoter to construct more floors above the originally sanctioned 27 floors, the building could not be completed in time” — Maharashtra RERA Appellate Tribunal’s stinging remark
MahaRERA has clearly defined which types of parking developers can legally sell. Open parking is a common area and cannot be sold, while covered parking and garages are saleable. This guide explains what every homebuyer must know before buying a flat.

Can Developers Sell Parking to Homebuyers?

MahaRERA has clearly defined which types of parking developers can legally sell. Open parking is a common area and cannot be sold, while covered parking and garages are saleable. This guide explains what every homebuyer must know before buying a flat.
The Rais booked a flat in 2013, paid ₹79 lakh, and were promised possession by December 2017. What followed was a developer collapse, a project takeover, a majority consent exercise they never agreed to — and a regulator that told them to cooperate. The tribunal disagreed.

MahaRERA Rules Developer Cannot Forfeit Entire Booking Amount Upon Cancellation

In a major ruling safeguarding homebuyers, MahaRERA has held that developers cannot forfeit the entire booking amount on cancellation. The Authority ordered refund to the buyer after deducting only 1.5% of the unit cost, directing interest from September 13, 2024.