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RERA

103 posts
Vikas Jain, CEO of Labdhi Lifestyle, takes charge as President of NAREDCO Maharashtra NextGen

Vikas Jain Appointed President of NAREDCO Maharashtra NextGen, to Drive Finance-Led Growth in Real Estate Sector

Vikas Jain, CEO of Labdhi Lifestyle, has been appointed as President of NAREDCO Maharashtra NextGen. A turnaround specialist known for reviving stressed projects, Jain aims to drive sectoral growth through finance-focused leadership, RERA compliance, and technology adoption, positioning the real estate sector for a $1 trillion future by 2030.
MahaRERA

MahaRERA Becomes First in India to Cross 50,000 Housing Project Registrations

MahaRERA has made history by becoming the first and only state real estate authority in India to register over 50,000 housing projects. With 35% of the nation’s total registered housing developments, Maharashtra outpaces Tamil Nadu and Gujarat by a wide margin, reflecting its leadership in regulated real estate growth.

India’s Top Realtor Body Declares War on MagicBricks Over ‘Anti-Broker’ Campaigns

In a dramatic showdown, NAR-India has issued a nationwide directive cutting ties with MagicBricks, accusing the real estate platform of disrespecting and misleading the broker community. The apex body is demanding a public apology, while urging regulators to take action.
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.

MahaRERA Appellate Tribunal Overturns RERA Order, Emphasizes Homebuyer Rights Over Arbitration Agreements

The Maharashtra Real Estate Appellate Tribunal has overturned a RERA order, clarifying that arbitration clauses in prior agreements do not override the jurisdiction of the RERA Act in homebuyer disputes. The tribunal’s decision reinforces the importance of RERA in protecting homebuyers and ensures cases are decided on their merits.
MahaRERA

MahaRERA to Hold Monthly Open Houses to Assist Developers with Project Registration

MahaRERA will hold monthly open houses in Nagpur and Pune to assist developers with housing project registrations. Starting January 22 in Nagpur, these sessions will feature senior officials addressing legal, financial, and technical queries, ensuring a smoother registration process for developers outside Mumbai.