MahaRERA orders builder to pay home buyer interest on delayed flat, ET LegalWorld
The MahaRERA, in a recent order, has asked the promoter of Lokhandwala-Kataria Construction, promoter of Minerva project at Lower Parel, to pay interest for the delayed possession to a home buyer, who had booked two flats in the project, from January 2022 till the date of offer of possession with OC, at Marginal Cost Lending […]
No RERA registration unless a property meets this eligibility in Maharashtra, clarifies MahaRERA, ET LegalWorld
The Maharashtra Real Estate Regulatory Authority (RERA) has issued an order clarifying the conditions for real estate projects to be eligible for RERA registration in the state. This new circular clarifies exactly which projects are eligible to be registered with RERA and also provides a clarification regarding the commencement certificate and the completion certificate within […]
MahaRERA order overturned by appellate tribunal; developer’s concession claim rejected, ET LegalWorld
In a significant development related to a case of delayed possession, a MahaRERA order has been overturned by the Maharashtra Maharashtra Real Estate Appellate Tribunal (MREAT), ToI reported on October 21. The concessions given to the developers have been rejected, the report (by Sanjeev Devasia) said. The appellate tribunal order directed ITMC developers to pay […]
MahaRERA flags 314 housing projects under insolvency, cautions homebuyers, ET LegalWorld
The Maharashtra Real Estate Regulatory Authority (MahaRERA) has cautioned homebuyers against buying any properties in a total 314 projects registered with the authority that are undergoing proceedings at the National Company Law Tribunal (NCLT) under the Insolvency and Bankruptcy Code (IBC) of 2016. Various banks, financial institutions, and other entities extending line of credit to […]