Real Estate Maharashtra
Pune Police Book Developer and Seven Others for Selling Mortgaged Flats in Dehu Road
The Dehu Road police in Pune have registered a case against a developer and seven others for duping eight home buyers of Rs 1.84 crore by selling flats that were already mortgaged to a credit society.
Real Estate Pune
Developer and Seven Others Booked for Selling Mortgaged Flats in Dehu Road, Pune
The Dehu Road police have registered a case against a developer and seven accomplices for defrauding home buyers of Rs 1.84 crore by selling flats that were already mortgaged. The scheme was registered with MahaRERA, but the developer failed to disclose the mortgage, leading to legal action.
real estate news
RBI Maintains Repo Rate at 5.5%; What It Means for Home Buyers
The Reserve Bank of India (RBI) has decided to keep the repo rate at 5.5% during its August monetary policy review, providing stability for home buyers and the real estate market. This decision reflects a prudent and balanced approach to managing economic stability and growth.
Real Estate
Supreme Court Clubs 81 FIRs Against Developer, Grants Temporary Bail for Settlement
The Supreme Court has ordered the clubbing of 81 FIRs against real estate developer Alok Kumar into a single case, allowing for a six-month temporary bail to facilitate the settlement of claims with home buyers.
Real Estate Maharashtra
Mumbai's 32 Crore SRA Housing Scam: 9 Accused for Duping 200 Home Buyers in Borivali
Mumbai Police's Economic Offences Wing (EOW) has registered a case against nine individuals, including developers and a real estate agent, for allegedly cheating over 200 homebuyers in a Rs. 32 crore SRA redevelopment housing project in Borivali.
Real Estate
The Impact of RERA on India's Real Estate Sector
The Real Estate (Regulation and Development) Act, 2016 (RERA) aims to protect home buyers and enhance transparency in the real estate sector. However, despite its noble intentions, RERA has faced several challenges and shortcomings in its implementation.
real estate news
Evaluating the Impact of RERA on India's Real Estate Market
The Real Estate (Regulation and Development) Act, 2016 (RERA) was introduced to enhance transparency and accountability in the real estate sector. However, after nine years, it has faced significant challenges in achieving its objectives.
real estate news
Housing Market Slows Down: Prices Soar While Home Buyers Hesitate
According to ANAROCK’s latest report, housing sales in India's top 7 cities fell by 20% over the past year, while average property prices increased by 11%. This trend highlights a significant shift in the real estate market, particularly affecting middle-class buyers.
Real Estate Mumbai
MahaRERA's Blocking of Project Details Leaves Home Buyers in the Dark
Home buyers and advocates face difficulties accessing essential details of projects kept on abeyance on the MahaRERA website, raising concerns about transparency and legal recourse.
Real Estate Mumbai
Listed Developers Dominate India's Residential Real Estate Market
Prominent listed real estate companies in India, such as Godrej Properties, Macrotech Developers, and DLF Limited, have reported robust sales growth in the fiscal year 2024-2025, reflecting increased buyer confidence in reputable brands.
Real Estate Maharashtra
Real Estate Tribunal Rejects Firm's Delayed Appeal
The Maharashtra Real Estate Appellate Tribunal (MREAT) has dismissed Agile Real Estate's (AREPL) application for condonation of delay in filing an appeal against an order by MahaRERA. The tribunal ruled that the firm failed to act diligently and did not provide sufficient reasons for the delay.
Real Estate Mumbai
Maharashtra Real Estate Appellate Tribunal Dismisses Appeal Due to Delay
The Maharashtra Real Estate Appellate Tribunal (MREAT) has recently dismissed an application by Agile Real Estate (AREPL) for condoning the delay in filing an appeal against a July 2024 order by MahaRERA. The order required AREPL to pay interest to home buyers for the delay in handing over possession of flats in the 'Immensa D' project in Thane.
Real Estate Maharashtra
Real Estate Firm's Delay in Filing Appeal Rejected by MREAT
The Maharashtra Real Estate Appellate Tribunal (MREAT) has dismissed a real estate firm's application for condonation of delay in filing an appeal against MahaRERA's order to pay interest to home buyers for delayed possession.
Real Estate Mumbai
Maharashtra Real Estate Appellate Tribunal Rejects Realty Firm's Delay in Filing Appeal
The Maharashtra Real Estate Appellate Tribunal (MREAT) has rejected the applications by Agile Real Estate (AREPL) to condone the delay in filing appeals against a July 2024 order. The order, issued by MahaRERA, directed AREPL to pay interest to home buyers for the delay in handing over possession of flats in the 'Immensa D' project in Thane.
Real Estate Maharashtra
Real Estate Firm's Delay in Filing Appeal Rejected by MREAT
The Maharashtra Real Estate Appellate Tribunal (MREAT) has dismissed a real estate firm's application for condonation of delay in filing an appeal against MahaRERA's order to pay interest to home buyers for delayed possession.
Real Estate Mumbai
Maharashtra Real Estate Appellate Tribunal Rejects Realty Firm's Delay in Filing Appeal
The Maharashtra Real Estate Appellate Tribunal (MREAT) has rejected the applications by Agile Real Estate (AREPL) to condone the delay in filing appeals against a July 2024 order. The order, issued by MahaRERA, directed AREPL to pay interest to home buyers for the delay in handing over possession of flats in the 'Immensa D' project in Thane.
Real Estate Maharashtra
7,500 Pending Cases at MahaRERA: Systemic Overhaul Urgently Needed
Mumbai: A home buyer from Kandivli who filed a complaint with the Maharashtra Real Estate Regulatory Authority (MahaRERA) in July 2023 is still awaiting resolution, highlighting the urgent need for systemic changes in the authority's procedures.
Real Estate Mumbai
7,500 Pending Cases at MahaRERA: Systemic Changes Needed, Legal Experts Advise
A home buyer from Kandivli who filed a complaint with Maharashtra Real Estate Regulatory Authority (MahaRERA) in July 2023 was called for a hearing after a delay of several months, highlighting the growing backlog of cases and the urgent need for systemic changes.
Real Estate
CBI Launches Investigation into Banker-Builder Ties in Subvention Schemes
The Central Bureau of Investigation (CBI) has launched a probe into the alleged irregularities involving bankers and builders in subvention schemes, aiming to uncover any fraudulent practices in the real estate sector.
Real Estate
ED Arrests Noida Real Estate Promoter in Home Buyers' Fraud Case
The Enforcement Directorate (ED) has arrested the primary promoter of a prominent Noida-based real estate company in connection with a significant fraud case involving home buyers. This move underscores the seriousness of the issue and the government's commitment to protecting consumers.