Even no date of possession mentioned in agreement for sale attract penal interest: MahaRERA

By Rohit Sharma MUMBAI: The recent judgment of Maharashtra Real Estate Regulatory Authority (MahaRERA) clearly says that if there is no possession date written in the agreement then it’s a violation of Maharashtra Ownership Flats (Regulation of the Promotion of Construction, Sale, Management and Transfer) Act, 1963 (MOFA). As many as 32 homebuyers

Telangana Govt to study Maha, Karnataka models for RERA Act implementation

By Accommodation Times Bureau HYDERABAD The Telangana government has issued the order stating that, to study the procedure being followed by Karnataka and Maharashtra for execution of Real Estate (Regulation and Development) Act it has constituted an expert committee for it. An official release on Monday said,  Arvind Kumar, Principal Secretary, Municipal Administration

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,

Rs 12 Lakh fined on Mumbai’s Kabra and Associates for advertising unregistered projects

    By Accommodation Times Bureau MUMBAI   Maharashtra Real Estate Regulatory Authority (MahaRERA) has directed Kabra and Associates to pay penalty of Rs 12 Lakh for advertising unregistered projects.   After the complaint filed by Mumbai Grahak Panchayat (MGP), The authority came into action and fined Rs 12 lakh on the firm for  violating sections 11

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

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