MahaRERA: No advertisement expenses in construction costs

Amendments made to the Maharashtra RERA rules stipulate that real estate developers can no longer claim expenses made on advertisements and promotions, as well as brokerage commissions as part of their construction costs.

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Government yet to take decision on MahaRERA proposal to tweak rules for redevelopment

The state government, in a bid to boost redevelopment of cooperative housing societies in the state, may have brought down the consent required for redevelopment of housing societies from 70% to 51% but it is yet to take a decision on the amendment proposed by MahaRERA to bring rehabilitation and sale components of redevelopment projects under the ambit of the authority.

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MahaRERA directs Skyline Constructions to pay Rs 85 lakh to actor for delayed possession

Maharashtra Real Estate Regulatory Authority (MahaRERA) has directed Skyline Constructions, a part of the RNA Developers group, to refund actor-comedian Raghavendra Sharda aka Kiku Sharda a sum of Rs 84.95 lakh with 10.75 per cent interest per annum from 2010 after the actor was allowed to withdraw from RNA Exotica project in Oshiwara.

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Minimum Registration Charges for MAHARERA reduces from 50,000 to 10,000

According to rule 3(5)(i) of Maharashtra Real Estate rules 2019, Government charges for RERA Registration has reduced to 10,000 for project size upto 1,000 Square meter. .

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MahaRERA orders Marathon Group to refund money for failing to give possession

Since the developer revised the possession date to December 31, 2020, and they had a home loan from IIFL Housing Finance, they sought to withdraw and seek refund.

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Online housing portals may come under MahaRERA’s roof soon

Such portals must be compulsorily registered with the regulatory body to make them accountable for their real estate transactions, a leading consumer forum has said.

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MahaRERA Mandates Quarterly Submission of form 2A

As per MAHARERA Order no 5/2018, Promoter who would register their project after 1st December 2018 should submit quarterly information in Form 2A annexed herewith on MAHARERA Webpage.

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Rule tweak plea to bring rehabilitation part of redevelopment projects under MahaRERA

Earlier, only one phase of such projects was under the purview of RERA. MahaRERA officials said a letter has been sent to chief minister Devendra Fadnavis for his approval to the amendment proposal.

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Maharashtra leads nation in implementation of Rera

Gautam Chatterjee, chairman of Maha-Rera, said, “The basic intent behind formulating the Rera Act at the central level was to create security for homebuyers who invest their life’s savings into buying a home.

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Residents of Omkar Ananta seek MahaRERA intervention against VGS Realty Construction

Home owners says promised amenities not given as crucial B wing remains incomplete; ask real estate regulator to intervene.

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FIR against Marvel Sigma Homes directors for failing to refund buyer's money

The director and chief executive officer (CEO) of Marvel Sigma Homes Pvt Ltd now has a fresh first information report (FIR) registered against him at Chaturshringi police station (PS)

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MahaRERA orders builders to set feasible deadlines

This simply means that developers cannot set their hand over date as per their whims and fancy, but will have to adhere to realistic deadline.

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MahaRERA still has jurisdiction over projects that have an OC

Housing regulator rules in favour of home buyer seeking damages from developer in lieu of a project whose possession was delayed by two years

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MahaRERA directs SSD Escatics to refund buyers over wrong claims

Buyers in Goregaon project get refund with interest since June 2014; developer found guilty of false claims about commencement certificate.

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MREAT rejects T Bhimjyani Realty's excuse for delayed possession

MahaRERA’s order granted interest from May 2019, instead of November 2017, as demanded by the home-buyers, granting an interest-free period of 18 months to the builder after he cited lack of approvals and things beyond his control for the delay.

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MAHARERA to Focus on 70 Stress project

The Maharashtra Real Estate Regulatory Authority (MahaRERA), which completed two years on May 1, will shift its focus on housing projects that are under stress and incomplete for various reasons......

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Airport body told to size up Lodha's World Tower building

The legal adviser of Maharashtra Real Estate Regulatory Authority (MahaRERA) has asked Mumbai International Airport Limited (MIAL) to measure a building in the World Towers project by Shreeniwas Cotton Mills Ltd (Lodha Developers) at Lower Parel......

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Developer ordered to pay interest from 2014

The Maharashtra Real Estate Regulatory Authority (MahaRERA) Tribunal has directed a well-known city developer to pay interest to home buyers from 2014 over delayed possession of flats.......

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Market situation pushing builders to pay high brokerage

Are developers offering brokers and real estate consultants an exorbitant brokerage as high as 14 per cent? In a recently concluded matter in MahaRERA, a developer alleged that the broker charged him 14 per cent as brokerage and marketing charges while selling a flat in the project.......

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MahaRERA orders developer to refund Rs 20 lakh to homebuyers

MahaRERA ordered a developer to refund a signing amount of Rs 20 lakh, plus interest, to a homebuyer for failing to give possession of the apartment on the promised date. The couple had complained that though they were not required to pay EMIs for the loan taken for the apartment until they took possession, the finance company had begun levying it after the lapse of the promised possession date. This left them with no option but to cancel the allotment.....

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MahaRERA Slams Builder For Cheating A Consumer

After feeling cheated, Bhuvnesh Shrivastava approached Maharashtra Real Estate Regulatory Authority (MahaRERA) who backed the buyer and asked the builder to pay Shrivastava the money back.....

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Flat Buyers Get Excuses And A Six-Month Wait After MahaRERA Order

Vidhi Developers owe six buyers of flats over Rs 4 crore for not adhering to the assurances of handing over the possession of the flats on time.....

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MahaRERA asks builder to refund Rs 1.5 crore to buyer.

Skyline Constructions, part of RNA Group, also ordered to pay home buyer 10.55% interest from payment date. The Maharashra Real Estate Regulatory Authority (MahaRERA) has asked a developer to refund a home buyer Rs 1.58 crore, plus 10.55 per cent interest from the date of payment, for delayed possession. Skyline Constructions, part of the RNA Group, is to issue the refund for its RNA Exotica project in Goregaon to home buyer Manish Mody......

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MahaRERA Upholds Another Buyer's Interest.

For failing to hand over property possession in promised time, housing regulatory authority directs developer to refund buyer's down payment. The Maharashtra Real Estate Regulatory Authority (MahaRERA) has yet again stood up for a flat buyer, who was refused possession of a house he had booked in Goregaon's Imperial Heights in 2016.....

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MahaRERA Recorded ₹3.37 Cr in 15 Months Through Complaints.

The authority charges the complainants ₹5,000 and ₹1,000 for those who want to settle the conflict through conciliation and arbitration....

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Lodha project under MahaRERA purview

THE Maharashtra Real Estate Regulatory Authority (MahaRERA) recently held that a construction project in Central Mumbai will come under its jurisdiction even though it has received part Occupation Certificate (OC).....

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MahaRERA grants relief to buyers in project with OC

In a U-turn, the MahaRERA intervened in a case of 25 homebuyers and passed judgment in their favour. Usually, the regulatory authority does not accept cases of buildings that have received an occupation certificate (OC). In the present case however, the developer denied possession to homebuyers due to a tussle with the landowner. Despite receiving an occupation certificate for the building, the homebuyers were denied possession. The homebuyers had purchased flats through the landowner.....

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Marvel Realtors face hard times as their buyers seek refunds

Buyers have complained to NCDRC and MahaRERA as the developer has failed to deliver their houses; the group has been ordered to repay along with interest....

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Unregistered project complaints raised

Three months after it started accepting such complaints, the Maharashtra Real Estate Regulatory Authority (MahaRERA) is getting close to 200 complaints of homebuyers against unregistered projects in the city. The hearing process has started and close to 20-25 orders have been passed. In one such order, a developer has been charged Rs 15 lakh for not registering his project with the authority.....

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Builder asked to pay 5% of money paid for delayed possession

Delayed possession of a flat has cost a building developer dear, who had to return five per cent of the total money paid to him by home buyers. Customers complained to the Maharashtra Real Estate Regulatory Authority that the developer failed to hand over possession of the apartments at the Hubtown Sunmist project, and must hence be directed to pay interest as per provisions of the RERA Act......

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Pay 10.55% interest to home buyer: RERA to developer

The MahaRERA not only ordered the Bhagtani developer to return the money he had taken from home buyers with an interest of 10.55 per cent, but also — to protect the interest of home buyers — added the amount payable to the home buyer, to the cost of the property. The MahaRERA noted that the builder had made false statements to home buyers while collecting the money....

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40 per cent projects lack RERA registration

Nearly 62 per cent of homebuyers have not complained to Maha-RERA about non-registration of ongoing realty projects in which they have purchased flats, revealed a recent survey conducted by Mumbai Grahak Panchayat (MGP).....

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Maha-Rera initiates actions against 120 developers in Pune and Mumbai

Despite repeated requests from Maha-Rera, the developers refused to register the projects under the Maha-Rera Act even though it is mandatory under law. We are hearing cases against 120 out of the 300 developmental projects that was identified by the Maha-Rera. Hearing for the rest will also begin soon. It is mandatory for all developers to come under the purview of the Rera act,” said Gautam Chatterjee, chairman, Maha-Rera......

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MahaRERA member accuses developer of 'dishonesty'

While passing an order recently, MahaRERA member B D Kapadnis made a scathing remark against a developer. The authority in context of delay in possession of handing over flats to home buyers said that, 'in order to attract customers, promoter specifies an earlier date, though he knows that he would not complete the construction on the date specified. This is nothing but sheer dishonesty of the promoter and he indulges in such an unfair practice to attract customers for selling his product and to grab their money at the earliest opportunity."....

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MahaRERA denies relief, turns down home buyer’s complaint

When a home buyer approached MahaRERA complaining against the developer for a delay in possession seeking an interest on the amount he had paid to the developer, the authority noticed that the home buyer was already residing in the apartment since 2012 even though the building did not receive an occupation certificate, hence denied him relief.....

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MahaRERA denies interest on delayed possession to home buyer

In an order that is likely to set a precedent, the Maharashtra Real Estate Regulatory Authority has denied interest on delayed possession to a home buyer, terming that interest at this juncture could “jeopardise” completion of the housing project....

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MahaRera asks realtors to display building plans at project sites

At present, it is mandatory for developers to submit the sanctioned plans on the MahaRera website so that anyone can check the details of the project. After the Supreme Court earlier this month made it mandatory for real estate firms to display approved building plans on project sites, MahaRera on October 15 issued a circular in this regard and has warned of strict action if developers fail to abide by it.....

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Registered Member Projects Are 100% RERA Compliant : NAREDCO

Real Estate Developers apex body National Real Estate Development Council (NAREDCO) which works under the aegis of Ministry of Housing and Urban affairs (MoHUA) organised a RERA compliance seminar today in Mumbai for the projects registered under MahaRERA and who failed to do certain compliance as per the RERA provisions. The seminar was organized in the best interest of the developers’ fraternity and key staff (Managing RERA Compliances) to educate them about the process of meeting MahaRERA compliances with efficiency and seamlessness.....

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Nearly 2,000 developers in state yet to update their registered projects with MahaRERA

Nearly 2,000 MahaRERA registered developers in city and the state are yet to comply with the procedures which include updating or correction regarding their project. Updation has to be done every quarter on MahaRERA. On Saturday, NAREDCO, a national real estate body's west zone held a seminar along with MahaRERA in Chembur only to update developers that they need to do this or else they will have to pay a penalty. The penalty can be up to 10 per cent of the total project cost, which is a huge figure.....

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Maharashtra RERA directs builder to obtain Occupancy Certificate within 3 months or pay fine

The Occupancy Certificate is proof that the building was constructed without breaking any rules and building codes. In its absence, residents have to pay double the charges for basic amenities such as water and face hurdles if the structure goes for redevelopment .....

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Real Estate Agent Boasts Of Zero Brokerage Breaking MahaRERA Regulations

In a U-turn, the MahaRERA intervened in a case of 25 homebuyers and passed judgment in their favour. Usually, the regulatory authority does not accept cases of buildings that have received an occupation certificate (OC). In the present case however, the developer denied possession to homebuyers due to a tussle with the landowner. Despite receiving an occupation certificate for the building, the homebuyers were denied possession. The homebuyers had purchased flats through the landowner.....

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Mumbai: Man pays for flat without contract

In a case pertaining to property possession, the Maharashtra Real Estate Regulatory Authority stated that the RERA Act does not include any express provision with regards to refund of the amount paid by the homebuyer, and hence forwarded the case — because it involves a large amount of payment made by the complainant — to investigative authorities.....

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MahaRERA Maintaining Transparency In Real Estate Sector

Maharashtra has been at the forefront to establish the institution framework in the form of Maharashtra Real Estate Regulatory Authority (MahaRERA), well ahead of other States in the country and an online registration of projects and complaints were made available to the promoters and home buyers, says Dr Vijay Satbir Singh, Member, Maharashtra Real Estate Regulatory Authority (MahaRERA) in conversation with Harshal Desai of Elets News Network (ENN)......

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Projects received part occupation certificate to come under MahaRERA

In an order that would set a precedent for future cases related to part occupation certificate, the MahaRERA (Maharashtra Real Estate Regulatory Authority) in an interim order dated September 12 has held that the project will come under its jurisdiction even though it has received part occupation certificate.....

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Developer drags 59 homebuyers to MahaRERA

In an interesting case, a builder dragged 59 of his homebuyers to the Maharashtra Real Estate Regulatory Authority (MahaRERA) and asked the authority to direct them to either execute the registered agreement for sale in respect to their bookings or to cancel the bookings. Usually, it's a home buyer who runs behind the developer for executing the agreement. In this case, it is just the opposite and the reason behind this is the fear of being penalised. As per RERA, a developer after accepting the booking amount of 10 per cent and more has to register an agreement or will be penalised by MahaRERA......

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Mumbai Grahak Panchayat launches portal to track non-RERA registered projects

: In a bid to track ongoing residential projects which have still not registered with the MahaRera, consumer body Mumbai Grahak Panchayat (MGP) on Wednesday launched a portal that will enable buyers to upload information of such projects.....

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New Cuffe Parade project comes under us, says MahaRERA

The Maharashtra Real Estate Regulatory Authority (MahaRERA) has held that it will have jurisdiction over the ‘New Cuffe Parade’ project by the Lodha Group even though parts of the project have received a part occupancy certificate (OC). Setting a precedent for future disputes over part OC, the authority observed last week that it was ‘anomalous to hold that some part of the building is covered by the Real Estate (Regulation and Development) Act (RERA) jurisdiction and other part is exempted’.....

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No possession date in deed cant be an excuse

MahaRERA tribunal overruled the order, which was delivered by the chairperson of MahaRERA and stated that developer needs to be held responsible for the delay even if the date of possession is not mentioned in the sale agreement. The developers are trying to escape RERA laws by not mentioning the date.....

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Developer registers plaint against CIDCO with MahaRERA

In a first, a developer body has registered a complaint against a government body at the Maharashtra Real Estate Regulatory Authority (MahaRERA). The real estate body that has complained is CREDAI-MCHI's Raigad unit, an apex real estate body from Navi Mumbai and Mumbai Metropolitan Region.....

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For redevelopment, housing society is also promoter

In a relief for flat buyers in a Goregaon redevelopment project, the Maharashtra Real Estate Regulatory Authority (Maha RERA) has held that a housing society is also a promoter. The Maha RERA recently heard a complaint by purchasers of flats in the sale component of a project called Horizon. Udayachal Goregaon Cooperative Housing Society, with 15 members,....

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Builder asked to pay homebuyer rent

The Maharashtra Real Estate Regulatory Authority (MahaRERA) tribunal orders the developer to pay monthly rent to the homebuyer, since the developer delayed to ...

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MahaRera orders Lavasa to refund buyers money

Citizens, who had flats in Lavasa but never got possession, can now heave a sigh of relief as real estate regulatory authority MahaRera has ruled that the developers need to pay back their money in full. The buyers had booked flats in the project between 2010 and 2014. They were assured flats in the next couple of years. Home buyers at the much-hyped Lavasa township have gone through a lot in the last few months......

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MahaRERA simplifies the complaint lodging procedure

Last year, Maharashtra Real Estate Regulatory Authority (MahaRERA) introduced MahaRERA Act due to which thousands of people were able to file complaints regarding real estate and unregistered projects. However, in order to file the complaints, the people had to face a lot of problems ......

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Nashik: Builders plan to clear old stock by December 2018

With a festive season on, city builders have planned to clear their old unsold flats estimated to be 3000 by December end. According to Confederation of Real Estate Developers Association of India (CREDAI) Nashik, new projects will be costlier by Rs 300 per Sq ft from next year. Hence, they have set target to sell all old stock at present rates.......

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MahaRERA summons notice to four housing web portals

For any businessman dealing with property and home-buying or selling transactions, Maharashtra Real Estate Regulatory Authority (MahaRERA) registration is mandatory. Despite this, four well-known housing web portals did not register themselves with MahaRERA. MahaRERA secretary Vasant Prabhu told Mumbai Live that these websites should revert to the notices within four weeks.......

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MahaRERA asks L&T Realty subsidiary to compensate homebuyer

THE MAHARASHTRA Real Estate Regulatory Authority (RERA) has directed L&T Parel Project LLP — a subsidiary of L&T Realty — to compensate a woman who bought a flat in a south Mumbai project. The regulatory body has directed L&T Parel Project LLP to pay interest on the buyer’s investment for five months......

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MahaRERA directs civic bodies to register 606 projects

The Maharashtra Real Estate Regulatory Authority (MahaRERA) has directed local civic bodies to catalogue 606 unregistered projects across the state with the authority immediately. Various consumers had registered complaints against the projects in the form of ‘source complaints’, stated MahaRERA authorities.....

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All you wanted to know about MahaRERA

The implementation of a regulator for real estate transactions in India was expected to revive buyers’ confidence in the realty market. It has been little over a year since the Centre enacted the model law and the regulation is still a work in progress in most States. But Maharashtra’s version of RERA (MahaRERA) has made heads turn and is now setting an example for other States to follow....

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Couple gets refund for delayed project

The Maharashtra Real Estate Regulatory Authority has directed developer Sanvo Resort Private Ltd to refund a sum of Rs 39 lakh with 10.5 per cent interest for delayed possession of a couple’s flat in Marathon Nexzone project in Panvel.....

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Realtors can’t use force majeure clause for lack of approvals, financial woes: Maha RERA

Realty developers cannot use the force majeure clause for financial crisis and lack of approvals in any project.....

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Homebuyers, who were ‘cheated’ by builders, file appeal in Pune

There only 16,000 registered housing societies in Pune and approximately 20,000 unregistered housing societies. These unregistered housing societies are facing problems and daily life is difficult for flat owners......

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Nearly 90% disputes settled by MahaRERA

Hard to believe but developers and homebuyers have resolved nearly 90 per cent disputes that knocked the doors of conciliation forum of the Maharashtra Real Estate Regulatory Authority (MahaRERA) According to data, the conciliation forum handled 135 valid cases, out of which 121 were settled successfully.......

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Six states keen on replicating MahaRERA path

The government representatives of six states — Goa, Gujarat, Uttar Pradesh, Telangana, Chhattisgarh and Karnataka — have sought a detailed outline from the Maharashtra Real Estate Regulatory Authority (MahaRERA) for implementing RERA in their states.....

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MahaRERA to launch additional reconciliation forums across the state

In order to resolve any dispute between customers and builders, Maharashtra Real Estate Regulatory Authority (MahaRERA) has created 18 reconciliation forums across the state, where problems are solved by depositing ₹1000. In the coming days, there will be more reconciliation forums coming up in the city. Apart from this, if the builder and customer are not satisfied with the decision, then the customer holds the right to approach MahaRERA......

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Builder sold flats without permission to construct

Over 150 homebuyers have been allegedly duped by city-based SSV developers for Rs 30 crore by not delivering promised flats in Vikhroli area. The Economic Offenses Wing (EOW) of Mumbai Police has registered a case against the developer, who they say did not even have permission to construct the building....

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MahaRERA model sets an example

Maharashtra Real Estate Regulatory Authority (RERA) has turned the ideal and effective model to resolve disputes between the buyers and sellers, so much so that other states have also decided to implement the MahaRERA blueprint in their respective states as well......

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After delay in flat possession, builder delays giving interest.

After delay in possession a leading developer is now even delaying the interest he had promised to pay a homebuyer for the delay. A homebuyer had approached Maharashtra Real Estate Regulatory Authority (MahaRERA) in October 2017, because of delay in the possession of the flat.....

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MahaRERA received 9,794 emails in a year against unregistered project

Till now Maharashtra Real Estate Regulatory Authority (MahaRERA), has received a total of 9,794 emails from people who have complained against the unregistered projects since May 1, 2017. Of these 10,000 emails, the number of valid emails were 7,328, comprising of a total of 721 projects.....

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MahaRERA to decide on deals done under earlier law, too

Mumbai: The Maharashtra Real Estate Authority (MahaRERA) has established its jurisdiction over agreements registered under the Maharashtra Ownership of Flat Act (MOFA) that existed before RERA’s implementation in May 2017.....

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MahaRERA to start online payment mode

In a bid to ease the process of complaint registration against unregistered projects, the MahaRERA will soon introduce an online platform. The informants will have to make a payment of Rs 5,000 through this new payment mode......

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Home buyer gets refund of invested sum with interest

The Maharashtra Real Estate Regulatory Authority (MahaRERA) has directed Monarch and Qureshi Builders to refund a home buyer the entire invested amount of Rs 1.08 crore with 10.5 per cent interest from June 2011 onwards for failing to deliver possession of his apartment in Evershine Cosmic project in Oshiwara. Home buyer Shatrughan Chhabria had booked flat number 2304 in C wing of Evershine Cosmic registered with MahaRERA with the payment of Rs 1 lakh per month on June 21, 2011, and paid Rs 1.07 crore on June 23, 2011. ....

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MahaRERA to publish RTI replies on its website

Maharashtra Real Estate Regulatory Authority (MahaRERA) has uploaded all the RTI applications on its website it has received since its inception in May 2017. Most of the RTIs sought information on housing projects in the state.....

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Cidco violates MahaRERA rules; advertises housing projects without registration.

In a major violation of MahaRera norms by a state agency, Navi Mumbai town planning authority Cidco has advertised its recently launched housing projects without registering them with Rera. City-based consumer body Mumbai Grakah Panchayat (MGP) has filed a complaint with the MahaRera seeking to penalise Cidco for advertising 11 housing projects without registering with the regulator and not mentioning the registration numbers of the ones registered on the advertisements......

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Pune: MahaRERA to accept plaints against unregistered projects

Consumers will be allowed to file complaints against unregistered real estate projects on the MahaRERA website after paying Rs 5,000 from August 16. The move follows the July 31 order of the Bombay high court, which made it mandatory for the Maharashtra Real Estate Regulatory Authority (MahaRERA) to hear complaints of consumers, irrespective of the registration status of the project concerned.....

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MahaRERA gets more teeth, can take complaints of unregistered projects

Maharashtra Real Estate Regulatory Authority (MahaRERA) has been getting more teeth since it was established on May 1 last year. In its two orders in the last ten days, the Bombay High Court has enhanced the authority’s power to deal with consumer complaints, in a move welcomed by the sector that has lost consumer confidence in the last few years. In its order of July 31, the division bench of Justice VM Deshpande and Justice RM Borde said MahaRERA could entertain complaints of unregistered projects as against the earlier norm of intervening only in projects registered with the authority. MahaRERA has so far registered 17295 projects in the state......

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A fast track dispute resolution for consumer and builder

The Maharashtra Real Estate Regulatory Authority (MahaRERA) has seen a rise in complaints from homebuyers and had thus come up with a Conciliation Forum, where aggrieved homebuyers could get their grievances solved within 45 days, says AV Shenoy, . He was speaking at a special seminar on “How Home Buyers can use Conciliation under RERA for Rapid Dispute Resolution” organised by Moneylife Foundation in Mumbai........

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MahaRERA 50 lakh fines of Piramal Realty against violation of the rule

In the greatest punishment collected up until this point, the Maharashtra Real Estate Regulatory Authority has forced a fine of Rs 50 lakh on realty builder Piramal Realty for infringement ...

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MahaRERA slaps penalty on 8 Mumbai Builders for violation of rules

The Maharashtra Real Estate Regulatory Authority (MahaRERA) has slapped penalty of Rs 2 lakh to Rs 10 lakh on 8 builders in Mumbai for advertising real estate project without mentioning the authority’s website address and advertising a nonregistered project. MahaRERA has taken this action on Suo-Motu basis.....

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