Browsing Tag

real estate regulation

47 posts
India’s housing market is shifting toward bigger homes, with average apartment sizes rising 17% in two years as luxury demand surges and buyers prioritize space, lifestyle, and premium living.

Even Unregistered Allotment Letters Before RERA Hold Value If Money Was Paid and Flats Promised

MahaRERA’s latest order states that even pre-RERA allotment letters are valid proof of flat booking if money was paid and possession was promised. AAP Realtors and Samta Builders have been ordered to refund or allot alternate flats in the Tirumala Habitats project, with a ₹1 lakh penalty for non-disclosure.
Tribunal Rules Housing Society Not a Promoter Under RERA

Tribunal Rules Housing Society Not a Promoter Under RERA

In a landmark order, MREAT has clarified that a housing society redeveloping its property is not a “promoter” under RERA. The ruling could impact thousands of societies undertaking redevelopment across Mumbai and Maharashtra.
The Supreme Court has ruled that earnest money cannot be forfeited when both the buyer and seller are at fault, offering vital clarity on homebuyer rights and equitable remedies in real estate disputes.

How Much Money Can a Builder Forfeit If a Homebuyer Cancels a Deal?

MahaRERA’s 2022 order limits how much developers can deduct when a buyer cancels a flat booking — capping forfeiture at 2% before the agreement is signed, ensuring fairness and faster refunds for Maharashtra homebuyers.
MahaRERA has ruled that a booking application form does not by itself create a binding sale contract and directed Mahindra Happinest Developers to refund ₹1.50 lakh to a homebuyer, holding that forfeiture was illegal as the booking was never completed.

MahaRERA Dismisses NRI Homebuyer’s Plea, Says It Cannot Enforce Consumer Court Orders

MahaRERA has dismissed an NRI homebuyer’s complaint seeking interest on refund from the DSK Anandghan project, ruling that it cannot enforce consumer court orders. The order brings clarity on RERA’s jurisdiction and guides buyers to approach the correct forum for execution.
MahaRERA has granted a project extension to S D Corporation’s Siennaa Wing F but imposed strict conditions — including milestone disclosures and monthly progress reports — to safeguard homebuyers.

🏗 MahaRERA Asks Builder to Submit Completion Milestones to Homebuyers While Granting Extension

MahaRERA has granted a project extension to S D Corporation’s Siennaa Wing F but imposed strict conditions — including milestone disclosures and monthly progress reports — to safeguard homebuyers.