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real estate regulation Maharashtra

2 posts
Why MahaRERA Can't Order Builders To Refund Your Stamp Duty

Why Stamp Duty And Registration Charges Cannot Be Refunded By A Builder Under RERA

MahaRERA refunds Rs 20.65 lakh in a stalled Vasai project but denies stamp duty, registration and service tax refund claims.
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.

Homebuyers Come Before Banks: MahaRERA Pulls Bank For Ignoring Homebuyers While Lending Money to Builder

In a landmark ruling in the Ashish Sea View case, MahaRERA has declared that homebuyer rights take precedence over banks’ SARFAESI claims. The authority criticised lenders for failing to verify third-party rights and directed them to conduct thorough due diligence before granting project loans. The order significantly strengthens protections for Maharashtra homebuyers.