Real Estate Maharashtra
SBI to Acquire 200 2BHK Apartments in Mumbai for ₹294 Crore
The State Bank of India (SBI) is planning to purchase 200 ready-to-move-in 2BHK apartments in various locations across the Mumbai Metropolitan Region (MMR) for its employees, in a bulk deal valued at around ₹294 crore, excluding statutory taxes.
Real Estate Maharashtra
High Court Stays Property Auction, Orders Kalash Builders to Deposit ₹15 Lakh
The Nagpur Bench of the Bombay High Court has granted interim relief to Kalash Builders by staying the property auction scheduled for May 26, 2025, on the condition that they deposit ₹15 lakh with the Tehsildar. The auction was initiated due to the builder's failure to deposit ₹1.08 crore as directed by the Maharashtra Real Estate Regulatory Authority (RERA).
Real Estate Mumbai
Maharashtra RERA Freezes Bank Accounts of Non-Compliant Developers
Maharashtra Real Estate Regulatory Authority (MahaRERA) takes strict action against non-compliant developers by freezing their bank accounts. This move is aimed at ensuring transparency and accountability in the real estate sector.
Real Estate Maharashtra
Maharashtra RERA Imposes Penalty on Spenta Enclave for Delay, Orders Interest Payment to Homebuyers
The Maharashtra Real Estate Regulatory Authority (MahaRERA) has ruled in favor of two homebuyers, ordering Spenta Enclave to pay interest for the delayed delivery of flats. The bench, comprising Manoj Saunik, found the developer liable for the delay and d
Real Estate
Real Estate and Offshore Betting Top the Charts in Advertising Complaints
A recent report has revealed that the real estate and offshore betting sectors have received the highest number of advertising complaints. A total of 2115 real estate ads were reviewed, with 1027 processed for potential violations of the Maharashtra RERA
Real Estate Maharashtra
Maharashtra RERA Orders PHADB to Fix Structural Defects in Pune Housing Project
The Maharashtra Real Estate Regulatory Authority (MahaRERA) has directed the Pune Housing and Area Development Board (PHADB) to rectify structural defects in a housing project within 30 days. The homebuyer had raised multiple issues, including water seepa
Real Estate Maharashtra
Maharashtra RERA Introduces Mandatory Disclosure of Broker Fees
The Maharashtra Real Estate Regulatory Authority (RERA) has introduced a significant regulation mandating the disclosure of broker fees in real estate transactions to bring more transparency and protect the interests of homebuyers.
Real Estate Mumbai
Maharashtra RERA Issues Warning to Homebuyers Over 314 Housing Projects
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
Real Estate Mumbai
Maharashtra RERA Reverts to Old Website Due to Technical Glitches
The Maharashtra Real Estate Regulatory Authority (MahaRERA) has temporarily switched back to its previous IT platform, Maha IT, after facing significant technical issues with the new system.
Real Estate Maharashtra
RERA Monthly Roundup: August 2024
Haryana Real Estate Regulatory Authority Haryana RERA Directs Ocean Seven Buildtech To Pay Interest To 15 Homebuyers Of Expressway Towers For Delayed Possession
Real Estate
Maharashtra RERA Orders Deregistration of Godrej Alive Projects Amidst Disputes
Maharashtra Real Estate Regulatory Authority directs deregistration of Godrej Alive A, B, C, and E projects despite objections from Godrej Properties Ltd.
Real Estate
RERA Update: Builders Must Declare Amenities and Timeline to Homebuyers
In a move to safeguard homebuyers and enhance transparency in the real estate industry, Maharashtra RERA has mandated builders to declare all amenities along with their timeline.
Real Estate
MahaRERA Orders Commercial Developers to Establish Cooperative Society and Execute Conveyance Deeds
Maharashtra Real Estate Regulatory Authority directs commercial developers to form a cooperative society and execute conveyance deeds in favor of homebuyers.