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real estate regulation

21 posts
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.
MahaRERA circular 34A/2025 updates guidelines for hearing complaints under the RERA Act, prioritizing seniority based on filing date

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.
Reduce prices to survive or suffer: Piyush Goyal to Builders

Builders Who Delay Projects or Deliver Poor Work Will Face Blacklisting and Imprisonment: Piyush Goyal

At a key handover ceremony in Kandivali, Union Minister Piyush Goyal warned that builders delaying or compromising on SRA redevelopment projects would face blacklisting and even imprisonment. He also demanded action against corrupt government officials colluding with negligent builders, reinforcing the government’s commitment to transparency and housing justice.
MahaRERA Appellate Tribunal Orders Developer to Refund Buyers, Rejects Cancellation Fee

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.