Browsing Tag

RERA

106 posts
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.

Homebuyer Wins Relief: Developer Ordered to Fix Structural Issues in Flat

A Mumbai homebuyer, Palvinder Singh, has secured a partial victory against developer Mohan Lifespaces LLP, with MahaRERA ordering the rectification of structural defects in his flat. While a refund request was denied due to the timely issuance of the Occupancy Certificate and delayed possession by the buyer, the Authority mandated the developer to fix issues like wall cracks and tile problems within 30 days, upholding Section 14(3) of the RERA Act.
The Bihar RERA has fined a developer ₹1 lakh for displaying "Coming Soon" posters and online ads for an unregistered project, holding that even minimal promotions violate Section 3 of the RERA Act and defeat buyer protection goals.

Developer’s Accounts Frozen for Failure to Pay Allottees, Tribunal Rejects Plea to Unfreeze

A Mumbai-based real estate developer, Altaa Construction, has had its plea to unfreeze bank accounts rejected by the Maharashtra Real Estate Appellate Tribunal. The accounts were frozen by authorities due to the developer’s continuous failure to comply with orders dating back to 2020, which mandated the payment of Rs. 71 lakh in interest to allottees. The Tribunal cited a “dilatory strategy with malafide intentions” on the part of the developer, noting the allottees’ five-year struggle to recover their dues.
The Bihar RERA has fined a developer ₹1 lakh for displaying "Coming Soon" posters and online ads for an unregistered project, holding that even minimal promotions violate Section 3 of the RERA Act and defeat buyer protection goals.

Not Just Developers! Tribunal Says Society is Also a Promoter Under RERA

In a major ruling, the Maharashtra Real Estate Appellate Tribunal held that a society redeveloping its own property after terminating the builder is also a “promoter” under RERA — making it liable to compensate flat buyers and requiring it to deposit funds before appealing.
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.