The Maharashtra Real Estate Regulatory Authority (MahaRERA) has recently issued a warning to homebuyers, cautioning them against 314 housing projects due to various irregularities and non-compliance issues. Of the 88 projects in suburban localities of Mum
Maharashtra ReraReal EstateHomebuyersMumbaiHousing ProjectsReal Estate MumbaiOct 11, 2024
MahaRERA stands for the Maharashtra Real Estate Regulatory Authority. It is a regulatory body established to oversee the real estate sector in Maharashtra, ensuring transparency, accountability, and compliance with regulatory norms.
MahaRERA has issued a warning to homebuyers to protect them from potential risks associated with 314 housing projects. These projects have been identified for issues such as delays in completion, financial irregularities, and non-compliance with regulatory norms.
Of the 314 projects identified by MahaRERA, 88 are located in the suburban areas of Mumbai. Out of these, 51 projects have reportedly achieved 70% completion, but they still have significant concerns.
Homebuyers can protect their investment by verifying the RERA registration of the project, reviewing project details, and checking the developer's track record. It is also advisable to seek assistance from MahaRERA's helpline or online portal if any irregularities are suspected.
MahaRERA has taken several measures, including imposing penalties on non-compliant developers, streamlining the project approval process, promoting transparency in project details, and introducing a mandatory escrow account system to ensure project funds are used appropriately.
Birla Estates has partnered with LGCPL Group to develop a 131-acre land parcel in Sector 150, Noida. This project will feature a 50-acre golf course and top-tier sports facilities.
Baba Siddique, a notorious figure with deep ties to land and real estate, has brought the dark underbelly of Mumbai's gangland back into the spotlight. This resurgence highlights the evolving dynamics of the city's underworld and the complex role of build
EFC Limited, also known as the Entrepreneurial Facilitation Centre, is a prominent real estate enterprise based in Pune, Maharashtra, India. The company has recently reported a significant 230% year-over-year (YoY) increase in its net profit, leading to a
Explore the significant impact of the residential sector on the Real Estate Price Index in Saudi Arabia, a trend driven by increasing demand and government initiatives.
Yatin Shah, co-founder of the renowned asset and wealth management firm 360 One and Joint CEO of 360 One Wealth, has made waves with his recent purchase of a luxurious sea-view penthouse in Worli, Mumbai. The property, valued at an astounding ₹158.5 crore
Pune: The Maharashtra Real Estate Regulatory Authority (MahaRERA) has engaged with the Pune and Mumbai suburban collectors to appoint retired tehsildars to bolster recovery efforts in the region.