Browsing Tag

MahaRERA

372 posts
MahaRERA allows fresh registration for Andheri SRA project after terminating the previous developer.

MahaRERA Grants Fresh Registration for Andheri SRA Project, Puts Old Developer on Hold

In a major relief for stalled redevelopment projects, MahaRERA has approved a fresh registration for the Andheri-based SRA project “A and O Florante”. The previous developer, Charmme Enterprises, was terminated by the SRA due to non-performance. The new promoter, Simran Production LLP, will now take charge, while existing homebuyers’ rights remain protected under regulatory oversight.
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.

Mumbai Builder Ordered to Fix Rs. 70 Lakh Structural Defects in Andheri Project

In a strong move to protect homebuyers, MahaRERA has ordered Cosmos Homes India Pvt. Ltd. to carry out urgent repairs worth over Rs. 70 lakh in its Cosmopolis Phase 1 project in Andheri. The order comes after repeated complaints from residents about persistent leakages, lift failures, and unsafe living conditions.
India's booming housing sector

Maharashtra’s Revolutionary Housing Policy 2025 Approved: 35 Lakh Homes, AI Portal, Focus on Slum Redevelopment

The Maharashtra Cabinet has approved the State Housing Policy 2025, targeting 35 lakh affordable homes by 2030 with an investment of ₹70,000 crore. The policy includes a centralized AI-based housing portal, cluster redevelopment of slums, land bank creation, and dedicated housing plans for various segments including working women, students, and industrial workers. Deputy CM Eknath Shinde described it as a transformative step for housing and the state’s economic growth.
Mumbai home sales September 2024 decline

Maharashtra Leads India with 50K+ Real Estate Agents; Mumbai & Suburbs Contribute 11,822

Maharashtra tops the country with over 50,000 real estate agents registered under MahaRERA, of which 11,822 belong to Mumbai and its suburbs. With agents from more than 150 cities outside the state also enrolled, Maharashtra continues to lead India’s regulated property market.
MahaRERA

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.