real estate regulatory authority Archives

In a landmark relief for homebuyers, the Ministry of Housing and Urban Affairs has enforced the amendment to RERA Section 68 effective 7 May 2026. The provision for up to one year’s imprisonment has been completely removed and replaced with a civil penalty of up to 10% of the property cost. The change is part of the Jan Vishwas (Amendment of Provisions) Act, 2026.

Realty

No More Jail for Homebuyers – RERA Section 68 Rewritten

In a landmark relief for homebuyers, the Ministry of Housing and Urban Affairs has enforced the amendment to RERA Section 68 effective 7 May 2026. The provision for up to one year’s imprisonment has been completely removed and replaced with a civil penalty of up to 10% of the property cost. The change is part of the Jan Vishwas (Amendment of Provisions) Act, 2026.

SquareFeatIndia
May 13, 2026
4 minute read

Realty

MahaRERA Orders Refund, Possession in Lapsed Bhayandar Project; Promoter Absent from Proceedings

In a major ruling, MahaRERA has ordered refunds and possession for homebuyers in the lapsed V.M. Heights project in Bhayandar, citing serious non-compliance by the promoter who remained absent throughout the hearings. The Authority directed immediate refund with interest and execution of sale agreements, reinforcing its pro-buyer stance.

SquareFeatIndia
June 18, 2025
2 minute read

Realty

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.