Browsing Tag
real estate transparency
5 posts
MahaRERA Suspends Registration of 1,950 Real Estate Projects for Non-Compliance
The Maharashtra Real Estate Regulatory Authority (MahaRERA) has suspended the registration of 1,950 lapsed housing projects due to non-compliance with regulatory norms. Developers failed to provide updates on their projects’ status, resulting in frozen bank accounts and restricted transactions. With responses received from 5,324 projects, MahaRERA continues its crackdown on errant developers to ensure transparency and protect homebuyers’ interests in the real estate sector.
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.
