The National Real Estate Development Council (NAREDCO), in association with the Real Estate Management Institute (REMI) on February 15, 2023, started the training of the first batch of real estate agents under a Maharashtra … READ FULL STORY
The MahaRERA on February 10, 2023 issued a notification stating that developers can de-register themselves from a real estate project, if unable to proceed with it. Reasons such as problems in finances, litigations, change … READ FULL STORY
The Bombay High Court (HC) has asked the Maharashtra Housing and Area Development Authority (MHADA) to find out whether it could take assistance from the state real estate regulator to find developers who can … READ FULL STORY
The Maharashtra Real Estate Regulatory Authority (MahaRERA), in a bid to make home buyers understand about the working, benefits and support provided by the regulatory body, has set up counselling and advisory services at … READ FULL STORY
Bank of Baroda (BoB) has seized part-possession of Nirmal Mall in Mumbai’s Mulund after developer Dharmesh Jain of Nirmal Lifestyle failed to repay a loan of Rs 161.38 crore. Bank of Baroda had served … READ FULL STORY
Failure by Nirmal Developers to honour the multiple recovery warrants by the MahaRERA has resulted in the Maharashtra government auctioning the builder’s land parcel in Mulund, Mumbai. MahaRERA’s warrants were a result of delayed … READ FULL STORY
Recognising the irregularities committed at 300 real estate projects worth Rs 500 crore, Maharashtra Real Estate Regulatory Authority (MahaRERA) will start its investigations with site visits from February 2023 where initially they will visit around … READ FULL STORY
The MahaRERA directed the Panvel tehsildar’s office to auction various properties of N K BhupeshBabu, Navi Mumbai-based developer and promoter of Enkay Garden, to recover around Rs 6.8 crore, mentioned a ToI report. This … READ FULL STORY
Notices to 2,000 housing projects in Maharashtra have been sent by MahaRERA, the real estate regulatory body of the state, for failure to update mandatory project information on the MahaRERA portal that will be … READ FULL STORY
Builders in India must mention the “non-negotiable” clauses at the time of providing agreement to sale, the Maharashtra Real Estate Regulatory Authority (RERA) has ruled. The state authority issued a notification in this regard … READ FULL STORY
MahaRERA, has passed an order stating that a developer can de-register a residential project if he is unable to develop it as the RERA Act has no provision to force completion of a project … READ FULL STORY
Those planning to invest in under-construction properties in Maharashtra must invest only in a MahaRERA-registered housing project for the safety of their investment. The question is, how does one search for a registered project … READ FULL STORY
There have been cases galore, where home buyers have faced delays in getting the possession of their flats. In many cases, the delays have been for more than five to six years. Some developers … READ FULL STORY
