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MahaRERA

418 posts
MahaRERA

MahaRERA Suspends Registration of 1,950 Real Estate Projects for Non-Compliance

The Maharashtra Real Estate Regulatory Authority (MahaRERA) has suspended the registration of 1,950 lapsed housing projects due to non-compliance with regulatory norms. Developers failed to provide updates on their projects’ status, resulting in frozen bank accounts and restricted transactions. With responses received from 5,324 projects, MahaRERA continues its crackdown on errant developers to ensure transparency and protect homebuyers’ interests in the real estate sector.
MahaRERA

MahaRERA Redefines Criteria for SROs to Benefit Developers Outside MMR

MahaRERA has announced a change to its criteria for forming Self Regulatory Organisations (SROs), reducing the minimum project requirement from 500 to 200 for developers outside the Mumbai Metropolitan Region (MMR). This reform aims to provide more accessible regulatory guidance, helping developers streamline project registrations, renewals, and compliance processes across Maharashtra.
MahaRERA

MahaRERA Cracks Down on 11,000 Lapsed Housing Projects

MahaRERA has issued show cause notices to nearly 11,000 lapsed housing projects across Maharashtra, urging developers to submit Occupancy Certificates or seek deadline extensions within 30 days. Non-compliance could result in project suspension, restricted flat sales, and frozen bank accounts.
MahaRERA

MahaRERA Recovers ₹200.23 Crore as Compensation for Homebuyers

MahaRERA has recovered Rs 200.23 crore in compensation for homebuyers, enhancing recovery efforts with the appointment of retired Tahsildars in Mumbai suburban and Pune. The authority is working to ensure developers meet compensation orders for delayed or incomplete real estate projects.
MahaRERA

MahaRERA Invites Objections to De-Registration of Macrotech and Raheja Projects Along with 17 Others

MahaRERA has issued a notice inviting objections to the de-registration of 19 real estate projects, including prominent developments by Macrotech Developers and K Raheja Corp. Stakeholders are encouraged to submit objections by 12th December 2024, ensuring transparency in the real estate sector.