Browsing Tag

RERA India

7 posts
MahaRERA has ordered the promoter of the Godrej 24 project in Hinjawadi to permanently rectify seepage defects under Section 14(3) of RERA, reinforcing that builders remain responsible for structural defects even after possession and that temporary repairs do not fulfil statutory obligations.

Homeowners Alert! Builders Legally Bound to Fix Major Defects Within 5 Years – RERA Section 14(3) Explained

Under RERA Section 14(3), builders must repair major defects within five years of possession or compensate buyers. A landmark shift in homebuyer protection.
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.
In a key ruling, MahaRERA held that even when an Agreement for Sale is silent on the possession date, the builder must hand over the flat within a reasonable period of three years from the agreement date — failing which, interest is payable for the delay period. The order in the Mauli Omkar project case awarded interest from March 2019 to April 2023 to complainant Sabirali Tufhel Shaikh.

MahaRERA Orders Full Refund with Interest to Homebuyer for Possession Delay

In a significant win for homebuyers, MahaRERA has ruled in favor of a complainant against Viijcon Properties for failing to deliver possession in the Viijcon Cellandine project. The authority ordered a full refund with interest, while dismissing three other complaints due to lack of valid promoter-allottee relationships or incomplete documentation.
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.

Redevelopment May Cost You Your Flat! MahaRERA Dismisses Buyer’s Claim in Tagore Nagar Project

In a critical ruling, MahaRERA has dismissed a homebuyer’s claim to flats promised by an earlier builder in Mumbai’s Tagore Nagar redevelopment. The case underlines the risks buyers face in projects where developer control has changed. Experts urge caution and legal checks before investing in such ventures.
Mumbai home sales September 2024 decline

Maharashtra Leads India with 50K+ Real Estate Agents; Mumbai & Suburbs Contribute 11,822

Maharashtra tops the country with over 50,000 real estate agents registered under MahaRERA, of which 11,822 belong to Mumbai and its suburbs. With agents from more than 150 cities outside the state also enrolled, Maharashtra continues to lead India’s regulated property market.