Recent decisions by various state RERA authorities highlight the ongoing efforts to protect homebuyers' rights and ensure compliance by developers. This week, notable actions include refunds, penalties, and settlements in Haryana, Telangana, West Bengal,
Real EstateReraHomebuyersDevelopersRefundsReal Estate MaharashtraNov 27, 2024

Haryana RERA ordered Raheja Developers to refund three homebuyers who purchased flats in the Raheja Revanta Project in 2012. The refunds include interest due to the significant delay in handing over possession.
Telangana RERA imposed a penalty of ₹17.88 lakhs on Sterling Homes for delays in project completion and deviations from the sanctioned plan, particularly the merging of a clubhouse facility meant for Phase I homebuyers with Phase II.
The West Bengal REAT facilitated a settlement between Smt. Seema Pandey and the builder, M/s P.S. Group Realty Pvt. Ltd., regarding the termination of her flat booking due to non-payment of the total consideration on time.
Karnataka RERA directed Ozone Urbana Infra Developers to refund ₹1.08 crores to A Hanumantha Char, who faced delays in receiving possession of his flat in the Bengaluru Rural project.
Maharashtra RERA directed the Pune Housing and Area Development Board to rectify structural defects in a project within 30 days, as per the complaint filed by Sharad Agrawal.

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The Maharashtra Real Estate Regulatory Authority (MahaRERA) has successfully resolved 1,749 disputes between homebuyers and real estate developers through its conciliation forums. These forums, established in 2018, have significantly improved the resoluti

Zerodha CEO Nithin Kamath discusses the rising pollution levels in India and their potential impact on the luxury real estate market.

Blackstone and Panchshil have announced a major partnership to build India's largest 500 MW hyperscale data center hub in Pune, Maharashtra. This ambitious project marks a significant step towards boosting India's digital infrastructure and attracting glo

Adani Group is pushing forward with two major projects in Mumbai, one of the world's most expensive real estate markets, amid environmental concerns and regulatory hurdles.

Sohail Khan, a prominent figure in Mumbai's real estate scene, has secured a lucrative five-year lease deal for his property in Bandra. The property, located in one of Mumbai's most upscale neighborhoods, has been rented out to The Irish House Food and Beverages Pvt Ltd. for a staggering Rs 10 crore in rent.