Maharera

MahaRERA said that it has got several complaints with regards to parking spaces sold and allocated by the developers to homebuyers.

Delayed possession: Can homebuyers claim interest if date of possession not mentioned in agreement?

Homebuyers are eligible for refund with interest under section 18 of the Real Estate Regulatory Act (RERA) 2016, in case of delayed possession.

MahaRERA directs L&T to deduct only 2% while terminating booking of NRI homebuyer

The state real estate regulator also critcised the would-be buyer for not meeting payment obligations despite repeated reminders.

MahaRERA orders real estate developer Godrej to refund part of forfeited amount to homebuyer

According to experts, the judgment can lead to more real estate developers facing similar refund situation where the amounts forfeited on cancellations of bookings have exceeded the legally permissible limit.

Delayed possession: Homebuyer can take possession and later claim for interest from developer, says Bombay HC

According to the RERA Act, 2016, homebuyers are entitled to a refund/interest if they wish to exit the project where the possession is delayed or where the homebuyer takes possession after delay by the developer

MahaRERA to start grading real estate projects from April

All real estate projects registered since January 2023 in Maharashtra will be graded from April 2024, the MahaRERA said.

13,785 real estate agents are no longer registered with MahaRERA

Homebuyers should not deal with real estate agents whose registration has lapsed, MahaRERA officials have said

MahaRERA and Advertising Standards Council to use AI to monitor real estate advertisements

MahaRERA said artificial intelligence (AI) will be used to detect advertisements published without a MahaRERA registration number and QR code. As per the RERA Act, any project of over 500 sq mts or 8 flats must be registered with the MahaRERA.

MahaRERA issues draft guidelines for developers of senior citizen housing projects

The MahaRERA has said that the draft on “regulation of retirement homes” is available on MahaRERA’s website for which the regulator has called in for suggestions. These suggestions can be mailed on suggestions.maharera@gmail.com by February 29th.

MahaRERA suspends registration of 248 real estate projects, including 3 MHADA ones

The regulator has restricted their further sales, marketing or adverstising for failing to comply with regulations on uploading details online.

1,702 real-estate projects lapse in Maharashtra in 2023

Delay in completion the main reason. With this, more than 7,700 projects have lapsed since the inception of MahaRERA in May 2017. Real-estate developers cannot now advertise, market or sell apartments in these 7,700 projects.

MahaRERA orders 9 Pune homebuyers to sign cancellation deeds after payment default

Pune-based developer GERA Developments had approached the Maharashtra real estate regulator seeking a cancellation order.

MC Exclusive: MahaRERA issues notices to over 5,000 delayed real estate projects in Maharashtra

Delayed projects, or projects that have not met the completion deadline might have to face a suspension or revocation of their registrations with RERA.

MahaRERA suspends registration of 388 real estate projects for failing to place details online

Of the suspended projects, 20 were in Mumbai city limits and three belonged to Macrotech Developers.

MC Exclusive: 31 projects up for deregistration in Maharashtra, total count goes up to 170

Following this, MahaRERA has given a period of 30 days for stakeholders to submit their objections.

Delayed possession: 1,015 recovery warrants worth Rs 623 crore issued by MahaRERA against real estate developers

Of the 1,015 warrants, only 180 have been implemented, resulting in recovery of 21 percent of the receivable amount, or Rs 131 crore, according to MahaRERA data accessed by Moneycontrol.

Maharashtra forms panel to probe developers who used fake documents to get approvals

The five-member committee will submit its report in two months after investigating the allegations.

107 real estate projects up for deregistration in Maharashtra; MahaRERA invites objections

Projects that are unviable, facing trouble or where the claims of homebuyers / other concerned stakeholders have been settled, can be put up for deregistration.

MC Explains: All about grading real estate projects by RERAs

Like its UP counterpart, the Maharashtra regulator has initiated a process to rank projects, but faces some legal issues

MahaRERA extends deadline of 12 real estate projects; wait for homebuyers to get longer

The MahaRERA has said that rather than cancel the project registrations, it has given the extensions in the interest of homebuyers with the understanding that developers will expedite the construction.

Real estate developers in Maharashtra can advertise completed projects without citing RERA registration number. Here’s how

That’s possible, provided the projects advertised are completed and have received an occupation certificate from the authorities.

Real estate developers charge Rs 10-30 per sq ft per month of advance maintenance at the time of possession in Mumbai: Report

The Real Estate (Regulation and Development) Act, 2016 (RERA) does not explicitly mention any specific formula or standards for this.

MahaRERA allows large real estate agencies to self-train staff for appearing in RERA exam

Agencies with at least 500 full-time employees who interact with homebuyers and possess strong in-house training capacity will be allowed to self-train staff.

MC Explains: Six things you need to know about proposed deregistration of 88 real estate projects in Maharashtra

MahaRERA had in February 2023 allowed deregistration of projects that were unviable or are were in trouble. Only projects in which claims of the homebuyers or other concerned stakeholders have been settled can be deregistered.

Read how SM Malde, 74-year-old real estate agent from Mumbai, becomes oldest candidate to clear MahaRERA exam

Maharashtra, home to around 39,000 MahaRERA-registered real estate agents, has made this assessment mandatory on the ground that real estate agents are a vital bridge between homebuyers and developers.