Browsing Tag

MahaRERA

372 posts
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.

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.
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 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.
In a key ruling, MahaRERA held that even when an Agreement for Sale is silent on the possession date, the builder must hand over the flat within a reasonable period of three years from the agreement date — failing which, interest is payable for the delay period. The order in the Mauli Omkar project case awarded interest from March 2019 to April 2023 to complainant Sabirali Tufhel Shaikh.

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.
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.

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.
MahaRERA

Fate of 1,819 Real Estate Projects in MMR in Limbo Amid OC Verification Drive by MahaRERA

In the aftermath of a fake documents case in Kalyan-Dombivali, MahaRERA has initiated an Occupancy Certificate (OC) verification drive for 3,699 lapsed housing projects across Maharashtra. The Mumbai Metropolitan Region is the most affected, with 1,819 projects now under review. Planning Authorities have 10 days to confirm the authenticity of submitted OCs or face full liability for any future discrepancies.