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
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
To safeguard the interests of consumers in India and to protect them against unfair practices, a national body under the Consumer Protection Act has been formed. This quasi-judicial body is the National Consumer Disputes … READ FULL STORY
The Uttar Pradesh Real Estate Regulatory Authority (RERA) has imposed a combined penalty amounting to Rs 1.77 crore on 13 developers over non-compliance with its orders. According to RERA Secretary Rajesh Kumar Tyagi, the … READ FULL STORY
Even as 34,398 projects worth Rs 11.5 lakh crore are registered with the Maharashtra Real Estate Regulatory Authority (Maha RERA), 2,800 projects worth Rs 90,000 crore have lapsed, mentions a ToI report. According to … READ FULL STORY
Kalyan Dombivli Municipal Corporation (KDMC) will demolish all illegal constructions developed by the 65 builders booked in the RERA certificate scam. These developers have already been served notices by KDMC to submit documents within 15 days … READ FULL STORY
27 developers have cheated home buyers from 27 villages and the Kalyan-Dombivli Municipal Corporation (KDMC). A case of cheating has been registered against 27 property developers in Maharashtra’s Thane district. These developers fabricated documents … 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
A commencement certificate is a document from the local municipal authority that permits the developer to begin construction of the project. The commencement certificate (or CC) is usually granted, only after the developer has … READ FULL STORY
Isn’t it ironic that in a country where housing shortage is at the core of policy debates, housing surplus in India’s top cities is keeping builders on the tenterhooks? As a matter of fact, … READ FULL STORY
