The Maharashtra Real Estate Regulatory Authority (MahaRERA) has issued a landmark order against Shree Tirupati Builders and Developers, mandating them to fulfill various statutory obligations under the RERA Act. The order comes in response to a complaint filed by Saffalya Co-operative Housing Society Ltd. (CHSL).
MahareraReal EstateHousing SocietyShree Tirupati BuildersRera ActReal Estate NewsMay 27, 2025

The RERA Act, or the Real Estate (Regulation and Development) Act, 2016, is a legislation in India designed to protect homebuyers and promote transparency in the real estate sector. It mandates developers to register their projects and adhere to various statutory obligations.
Saffalya CHSL accused Shree Tirupati Builders of failing to meet numerous commitments, including the execution of a deed of conveyance, obtaining a building completion certificate, providing proof of lease rent paid to MCGM, and addressing structural issues and other deficiencies in the building.
MahaRERA has mandated Shree Tirupati Builders to fulfill statutory obligations such as executing deeds of conveyance and lease/assignment, obtaining the building completion certificate, providing financial documents, and addressing structural defects and other issues within the building.
This landmark order by MahaRERA is significant because it is the first of its kind, combining sections 11, 14, and 17 of the RERA Act. It sets a precedent by holding the developer fully responsible for statutory documentation handover, financial documents handover, and liability under the defect liability clause for structural damage in the first five years.
Advocate Anil D’Souza stated that they will file a detailed monetary claim before the Adjudicating Authority as directed by the Chairman of RERA Authority, further reinforcing the consumer-centric approach of MahaRERA.

Maharashtra's real estate market experiences a boost in property registrations and revenue despite unchanged RR rates, indicating a shift towards high-value transactions.

Market tech analysts Soni Patnaik, Mitessh Thakkar, and F&O analyst Rajesh Palviya recommend these stocks for short-term gains.

Samir Arora, Founder of Helios Capital, highlights the potential of some NBFCs and microfinance companies, while expressing concerns about the real estate sector being overdone. He believes that HDFC Bank, Kotak Bank, and Bajaj Finance, which have underpe

The National Book Trust (NBT) is set to shift its office to the city, a move that coincides with the highly anticipated Pune Book Festival. The festival, expected to attract 7.5 lakh visitors, is a significant cultural event that showcases a wide array of

The promoters of footwear retailer Metro Brands have made a significant investment in Mumbai's luxury real estate market by purchasing five apartments in the Worli area for ₹405 crore. These apartments are located in one of the city's tallest buildings, P

A significant number of real estate developers in Maharashtra have taken steps to improve their compliance with the Maharashtra Real Estate Regulatory Authority (MahaRERA) by updating their project details. This move reflects a growing commitment to trans