BUSINESS
Bombay High Court sets aside auction of mortgaged Darode-Jog property
The court said in this case, a secured creditor has first charge over the flats that were sold to pay homebuyers who failed to get possession
BUSINESS
MHADA to complete stalled redevelopment project in Mumbai’s Goregaon
The state government’s decision to complete the project that has been stalled for many years will bring relief to hundreds of original tenants and homebuyers.
BUSINESS
Appellate Tribunal sets aside MahaRERA order, grants interest relief to flat purchaser
The Maharashtra Real Estate Appellate Tribunal has set aside a 2019 MahaRERA order declining relief to a company that bought a flat and held that it is eligible to receive interest at 9.3 percent on delayed possession from 2014 as per the terms of the agreement.
BUSINESS
Maharashtra revises development rules, boost for MHADA redevelopment, business districts
The amendment to the Unified Development Control and Promotion Regulations will allow 5% amenity space for construction in plots larger than 20,000 sq m, increased FSI for MHADA redevelopment projects, and additional FSI for commercial business districts.
BUSINESS
MahaRERA orders refund with interest for Hamara Ghar homebuyer
Regulator says developer failed to hand over flat as promised after 42 months; project remains incomplete
BUSINESS
Maharashtra RERA directs Acme Housing to pay interest on 21 months of delay
Some home buyers in the Alpinia project in Thane were expecting to move in by late-2017. The order says buyers will get interest at 9.3 per cent for every month of delay from July 1, 2018 to March 3, 2020.
BUSINESS
Maharashtra housing regulator imposes Rs 10 lakh penalty on Radius Developer
The housing regulator finds the developer guilty of violating Section 13, awards refund to Ten BKC project homebuyers.
