Homebuyers want the Maharashtra regulatory authority to withdraw the order as realtors’ associations already exist and concentrate instead on ensuring that the RERA is implemented in letter and spirit
In July last year, consumer body Mumbai Grahak Panchayat had written a letter to MahaRera chairman pointing out that the activities of property portals and had sought clarification from the authority on the role of agents.
MahaRERA chief Gautam Chatterjee said that the objective was to bring in transparency, building trust among stakeholders as well as to ensure timely completion of projects.
The government’s measures are a band-aid. What is needed is surgery
A development authority can be made a promoter along with the builder in case it is mandated to develop off-site infrastructure around the plot, MahaRERA has ruled
Ultra-luxury projects are coming up in southcentral areas spanning Prabhadevi, Mahalaxmi, Lower Parel and Worli of the megapolis.
While Section 18 of RERA Act clearly states that a homebuyer can seek refund and ought to be compensated for ‘undue’ delays in a project, experts said a withdrawal by a handful should not jeopardise completion of an entire project
Heaviest penalty imposed so far. In March, the regulator had slapped a penalty of Rs 2 lakh to Rs 10 lakh on eight developers in Mumbai
The luxury market performed better in Maharashtra suburbs compared with city
The central act made it mandatory for the state governments to form RERA authority as well as the tribunal by 30th April 2017.
Mere laying of slabs to simply filing an application for completion certificate before notification of rules enough to keep ongoing housing projects in some states out of the purview of RERA