Real Estate Maharashtra
Pune Builders Owe Rs 219 Crore to Homebuyers: State Pushes for Faster MahaRERA Action
The Maharashtra government has urged the Maharashtra Real Estate Regulatory Authority (MahaRERA) to take swift action against defaulting developers who owe Rs 219 crore to homebuyers in Pune. This decision comes after repeated demands from aggrieved homebuyers and a growing need for accountability in the real estate sector.
real estate news
Pune Builders Owe Rs 219 Crore to Homebuyers: State Accelerates MahaRERA Recovery
The Maharashtra government is taking swift action to recover Rs 219 crore owed by Pune builders to homebuyers. With the appointment of 12 new officers, the MahaRERA authority aims to expedite the process and ensure justice for affected buyers.
Real Estate Mumbai
India's Secondary Real Estate Market Expands to 43% by FY25: Square Yards
The secondary real estate market in India has seen significant growth, with its share expected to rise from 38% pre-pandemic to 43% by FY25, according to Square Yards.
Real Estate Mumbai
State Urges Fast Action to Recover Rs 219 Crore from Pune Builders for Homebuyers
The Maharashtra government is intensifying efforts to recover Rs 219 crore owed by defaulting builders to homebuyers. This move comes as part of a broader initiative to enforce the provisions of the Real Estate (Regulation and Development) Act, 2016 (RERA) and protect the interests of homebuyers.
Real Estate Pune
Pune Builders Owe Rs 219 Crore to Homebuyers: State Pushes for Faster MahaRERA Recovery
Under Section 40(1) of the Real Estate (Regulation and Development) Act, authorities are empowered to recover dues by attaching the assets of defaulting builders in Pune. The state is pushing for a faster recovery process to ensure that homebuyers receive their rightful payments.
Real Estate Maharashtra
Chitra Ramachandran Appointed as Interim Chief of Telangana Real Estate Appellate Tribunal
Chitra Ramachandran has been appointed as the new interim chief judicial member of the Telangana Real Estate Appellate Tribunal, marking a significant step in the state's regulatory framework for the real estate sector.