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March 21, 2023 08:20 PM IST Check these points before you decide
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March 21, 2023 01:05 PM IST With its latest move to train and certify agents across the state, MahaRERA has given the first rung of the real estate ladder a position and authority that spells good news for the sector. By invoking the PMLA Act to enforce systems among large agents with annual turnover of over Rs 20 lakh, it has defined the boundaries of safe working within the sector
- March 11, 2023 10:57 AM IST
Maharashtra RERA chairman Ajoy Mehta explains how acting on data can help address problems of the past and make real estate development in the state predictable and consumer-friendly
- March 10, 2023 07:03 PM IST
Of the total, 70 percent of the lapsed projects are present in Mumbai Metropolitan Region and Pune. Nashik, Aurangabad and Nagpur have 254, 102, and 202 lapsed projects, respectively.
- March 03, 2023 06:32 AM IST
According to the RERA Act, every real estate project should have a dedicated bank account to ensure that funds are not diverted.
- February 24, 2023 10:07 AM IST
The move comes after hundreds of homebuyers were duped in recent years by real estate developers, who allegedly sold apartments for crores with the help of fake documents
- February 23, 2023 04:11 PM IST
Even the Supreme Court has held the justification of UP RERA’s legal interpretations such as the Single Bench efficacy and allowed it to go through. But some provisos still remain to be corrected such as the removal of surrender to NCLT when solutions are within sight
- February 23, 2023 12:39 PM IST
Additionally, the authority has sent notices to two developers for publishing advertisements of their projects without showcasing their RERA registration number.
- February 22, 2023 09:09 AM IST
The MahaRERA order said the forfeiture clause in the booking application form/allotment letter was “unreasonable”, and not in consonance with recent MahaRERA order.
- February 21, 2023 01:30 PM IST
Real estate agents had been demanding this for long individually but were heard only after they collectively sought the change.
- February 14, 2023 02:16 PM IST
Initially, 15-16 site visits will be done by the investigators where MahaRERA suspects excess expenditure, compared to actual construction work.
- February 13, 2023 09:45 PM IST
The order to come into force in the next financial year.
- February 10, 2023 09:06 PM IST
The MahaRERA said the process of deregistration is being introduced as there are instances where developers who have registered their real estate projects are unable to commence and complete the construction of the same.
- February 09, 2023 01:59 PM IST
The MahRERA has taken up 624 of these projects that are 70 percent done to drive them towards completion.
- February 08, 2023 09:27 PM IST
UP RERA will soon start grading projects and developers based on various parameters like financial quality, organizational structure, certifications, track records, compliance adherence and customer feedback. The process will commence after approval of the Grading Framework by the state government
- February 22, 2023 11:38 AM IST
After the Bombay High Court recently raised the query, Moneycontrol spoke to legal experts to understand whether this can be done so that people can make informed decisions.
- February 02, 2023 02:42 PM IST
A sum of Rs 11.42 was recovered in Mumbai, Rs 55.57 crore in Mumbai Suburban, Rs 32.76 in Pune district and Rs 15.10 crore in Raigad district, MahaRERA has said
- January 27, 2023 04:29 PM IST
On February 7, a two-judge panel will rule on whether the Odisha RERA was at fault for not ruling on issues it did not have the power to execute. Many RERA conclaves have raised this issue, which, if not addressed, can dilute a law that had the potential to transform the real estate industry
- January 18, 2023 10:01 PM IST
During the argument, the counsel for the respondent confirmed that the occupation certificate of the project is not yet applied as the construction work is not yet completed.
- January 17, 2023 07:30 PM IST
SKA will develop 250,000 square feet of retail spaces. The project is expected to be completed by December 2025.
- January 16, 2023 06:13 PM IST
Initially, 40 to 45 stalled real estate projects where developers have declared higher costs than they have actually incurred will be inspected by the investigators.
- January 13, 2023 03:26 PM IST
Real estate websites had challenged the order in MREAT, saying they do not participate in any prospective or actual transactions in any manner and are merely involved in advertising the properties.
- January 04, 2023 10:36 AM IST
A report by property consultant ANAROCK and law firm Khaitan & Company has pointed out that while real estate cases comprises just 5% of all cases filed under the IBC, their resolution rate is among the lowest.
- January 03, 2023 12:07 PM IST
The Karnataka Sakala Services Act ensures timely delivery of government services to citizens and homebuyers want the state’s real estate regulator to be covered by the legislation.
- January 02, 2023 01:37 PM IST
Moneycontrol speaks to experts including lawyers and developers to understand whether lapse of new projects means MahaRERA has failed to regulate the new projects in Maharashtra
