The Maharashtra Real Estate Regulatory Authority (MahaRERA) has issued a landmark order against Shree Tirupati Builders and Developers for failing to meet numerous commitments and statutory obligations under the RERA Act.
MahareraShree Tirupati BuildersRera ActSaffalya ChslReal EstateReal Estate MumbaiMay 27, 2025
The Real Estate (Regulation and Development) Act, 2016 (RERA Act) is a law in India designed to protect home buyers and regulate the real estate sector. It mandates developers to fulfill statutory obligations and ensures transparency and accountability in real estate transactions.
The main grievances of Saffalya CHSL included the developer's failure to execute a deed of conveyance, obtain a building completion certificate, provide necessary documents, and address structural issues. The society also sought reimbursement for maintenance charges and expenses incurred in completing project amenities.
The MahaRERA order is significant as it is the first of its kind, combining sections 11, 14, and 17 of the RERA Act. It holds the developer fully responsible for statutory documentation, financial handover, and defect liability for structural issues in the first five years.
Under the RERA Act, the developer is responsible for providing statutory documents, financial transparency, and maintaining the building free from structural defects for the first five years. They must also complete all project amenities and utilities as promised.
If a developer fails to comply with the RERA Act, they can face legal consequences, including monetary penalties, legal actions, and orders from regulatory authorities like MahaRERA to fulfill their obligations.
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