Pune homebuyers complain about significant delays in second MahaRERA hearings, stretching beyond a year, questioning the authority's efficacy in delivering timely justice.
MahareraReal Estate RegulationHomebuyersDelays In HearingsRera ActReal Estate MaharashtraSep 10, 2024
MahaRERA is the regulatory body established under the Real Estate (Regulation and Development) Act, 2016, to regulate and promote the real estate sector in Maharashtra.
The purpose of RERA is to ensure speedy resolution of disputes in the real estate sector and provide a platform for homebuyers to file complaints against developers.
According to the RERA Act, complaints should be disposed of within 60 days from their filing. However, homebuyers have reported delays stretching up to three years.
Delays in MahaRERA hearings defeat the purpose of RERA and erode the faith of homebuyers in the system.
Appointing more members to MahaRERA could help reduce the backlog of cases and ensure timely disposal of complaints.
The public sector bank reported a 46.6% year-on-year rise in profit after tax, leading to a surge in its stock price.
Bengaluru, Mumbai, and Hyderabad lead the charge, accounting for nearly two-thirds of the total space absorption across nine major cities in India.
Explore how the annual Shraadh period affects Pune's property market, including registration, stamp duty, and homebuyer trends.
Salman Khan's sister, Arpita Khan Sharma, has recently sold her apartment in Mumbai's Khar area for a whopping ₹22 crore. The property, located in the Flying Carpet building developed by Satguru Developers, spans an impressive 2500 square feet.
Shivajinagar, 11th November 2024: Ahead of the upcoming Maharashtra Legislative Assembly Elections, authorities have relocated seven old polling booths in the Shivajinagar constituency to ensure smoother and more efficient electoral processes.
MUMBAI: The Economic Offences Wing (EOW) of the Mumbai Police has arrested a former General Manager of New India Cooperative Bank for allegedly misappropriating Rs 122 crore. The EOW initiated the investigation following a complaint that the ex-GM had mis