Recently, Bombay High Court reviewed the project completion rules under Maharashtra Real Estate Regulation and Development Act (MahaRERA). A remark has been passed while dissolving builder’s plea against the constitutional validity of RERA that MahaRERA Rules need to be changed. The remark was made with reference to Section 6(a) of the Maharashtra Rules 2017 that … Continue reading “Bombay HC dismissed the plea of builders against constitutional validity of RERA”
Maharashtra Real Estate Regulatory Authority (MahaRERA) alleged that builders cannot blame the system to seek exemption from paying rectification to homebuyers for the delay in completion of projects. The regulator has authorized that the developer is not entitled to recover any money from allottees without approvals of the competent authority. With this, MahaRERA has re-established … Continue reading “System can’t be Blamed by Builders for delay in Delivery”
In protest against builders under the Real Estate Regulatory Authority (RERA) consumers established their own forum “Fight for RERA” comprising of homebuyers. The forum touts the RERA Authority not to grant stretch to builders who have already delayed their projects. The forum feels that any further stretch will violate the said RERA Rules. It was … Continue reading “Consumers want “No Stretch for Builders” in Delayed Projects”
Flat buyers in Mumbai are now moving to High Court in the absence Real Estate Regulation and Development Act (RERA) tribunals to defend the orders of Maharashtra RERA (MahaRERA). From the commencement of RERA Act i.e. 01/05/2016, it was made mandatory for all States to establish an appellate tribunal within a year to simplify and … Continue reading “Flat buyers moving to High Court in truancy of RERA Tribunals”
Maharashtra Real Estate Regulatory Authority (MahaRERA) laid off a complaint of a home buyer seeking refund of his money after he cancelled the booking on his own. The homebuyer booked a flat in Thane (W), Mumbai and later on cancelled the booking on his own. The buyer is now claiming for a refund. The respondent … Continue reading “If homebuyer cancels the Booking, Developer will not be liable for Refund”
First legal step for non-registration in RERA Act 2016 has been taken in Maharashtra. Sai Estate Consultant of Maharashtra has been issued with the show-cause notice for violating the provisions of Real Estate (Regulation and Development) Act 2016 and the state rules formed under the Act. As per RERA Act 2016, no property broker or … Continue reading “MAHA-RERA FIRST HAVOC STEP, Issued notice to broker.”
Among many harsh provisions for builders, Maha-RERA relief to builder community is on its last phase.
Government of Maharashtra notified RERA rules and established Maharashtra Real Estate Regulatory Authority (Maha-RERA), vide Notification dated 8 March 2017, for regulation and promotion of real estate sector in the State of Maharashtra.
MahaRERA has imposed a fine of Rs. 1,20,000 on Sai Estate Consultant, for advertising unregistered real estate project of Haware Builders and misleading the consumers.
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