Browsing Tag
Real Estate
460 posts
MahaRERA Cracks Down on 11,000 Lapsed Housing Projects
MahaRERA has issued show cause notices to nearly 11,000 lapsed housing projects across Maharashtra, urging developers to submit Occupancy Certificates or seek deadline extensions within 30 days. Non-compliance could result in project suspension, restricted flat sales, and frozen bank accounts.
Deadline Extended for MHADA Konkan Board Lottery Applications Till December 24
MHADA has extended the deadline for its Konkan Housing Board lottery applications to December 24, 2024. The lottery offers 2,264 flats under various schemes, with a computerized draw scheduled for January 21, 2025. MHADA is encouraging citizens to participate and take advantage of this opportunity for affordable housing in Maharashtra.
Investor Confidence Soars as Real Estate Leads AIF Investments in H1 FY25
India’s real estate sector led AIF investments in the first half of FY25, attracting ₹75,468 crore, signaling robust investor confidence. This growth is driven by strong demand, decreasing unsold inventory, and the increasing reliance on Category II AIFs to fund key real estate projects.
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.
