MahaRERA penalised unregistered projects

By Rohit Sharma MUMBAI The Maharashtra Real Estate Regulatory Authority (MahaRERA) has penalised 1,716 real estate projects for delaying their project registration. The MahaRERA recently released a list of penalised projects in which the fine varied from Rs 50,000 to Rs 10 Lakh. The Real Estate Regulatory Authority Act, 2016 directs the promoter

MahaRERA appoints 2 Adjudicating Officers on its Panel

By Accommodation Times Bureau MUMBAI The Government on Tuesday in its vide Notification No. REA.2017IC.R.79IDNP-2 dated 1't March 2017 has constituted Maharashtra Real Estate Regulatory Authority (MahaRERA). Whereas in accordance with the provisions of Section 71 of RERA Act, 2016 for the purpose of adjudicating compensation under Section 72, 74, 78 & 19,

MahaRERA launches conciliation forum, operational from Feb 1

By Rohit R. Sharma rohit@accommodationtimes.com MUMBAI To resolve quick grievances of a home-buyer, the Maharashtra Real Estate Regulatory Authority (MahaRERA’s) 15 conciliation benches will come into effect from 1st of February. The forum has 10 Conciliation Benches set up for Mumbai Metropolitan Region (MMR) and 5 Benches for Pune Region. Each Bench will have one

Maha govt sets up tribunal against MahaRERA

By Accommodation Times Bureau MUMBAI The housing department released a notification on 28th informing that the government of Maharashtra has set up a tribunal to hear an appeal against the rulings of Maharashtra Real Estate Regulatory Authority (MahaRERA). Maharashtra Revenue Tribunal located in Mumbai has designated the responsibility by the government. This Tribunal formed

MahaRERA protects homebuyer from Nirmal Lifestyle Kalyan Pvt Ltd

As per the data on MahaRERA website, more than 5 cases have been heard till now and some are still under process.  By Rohit R. Sharma rohit@accommodationtimes.com MUMBAI: After the complaint filed with Maharashtra Real Estate Regulatory Authority (MahaRERA), realty firm Nirmal Lifestyle (Kalyan) Pvt. Ltd. on Tuesday directed to pay an interest

MahaRERA reveals Mumbai’s Apartment Preferences

By Accommodation Times Bureau Ramesh Nair, CEO & Country Head, JLL India RERA has undoubtedly made India’s real estate market advance towards enhanced transparency. After the act was declared, Maharashtra was the first off the block to adopt it by launching a full-fledged ‘MahaRERA’ portal. One of the most comprehensive and detailed

MahaRERA directs builder to hand over projects 9 years before deadline

MUMBAI Maharashtra Real Estate Regulatory Authority (MahaRERA) settled a conflict over non-payment of dues in an ongoing housing project in Andheri. Authority directed two flat buyers to pay the maximum amount of the flat and asked builder to hand over the project nine years before the time limit. Nisar Realtors, a builder,