Recovery Warrants Worth Rs 544 Cr Issued by MahaRERA

As of August 31, 2022, MahaRERA issued 885 recovery warrants across Maharashtra, totaling ₹544.53 crore in outstanding amounts. This article provides a detailed district-wise breakdown, highlighting the challenges in compliance within key real estate markets, including Mumbai, Pune, and Thane.

For the First Time India Achieved Top 10 Global Rank for Real Estate Transparency

India has made history by entering the top 10 in JLL’s Global Real Estate Transparency Index (GRETI) 2024. This achievement reflects the country’s progress in financial regulation, climate risk disclosure, and streamlined building regulations. Despite notable improvements, India faces challenges in dispute resolution and data access.

MahaRERA Launches New Website MahaCRITI

MahaRERA’s new website, MahaCRITI, went live on September 1, 2024, offering instructional videos and online training to users. The platform aims to streamline real estate processes, with over 2,700 users already engaging, including updates and new registrations by developers and real estate agents. The training has reached around 550 developers, 350 agents, and 250 lawyers, ensuring effective use of the new portal for managing real estate tasks and complaints.