Delayed possession: MahaRERA recovers ₹200 crore from real estate developers in Maharashtra
3 weeks ago

Delayed possession: MahaRERA recovers ₹200 crore from real estate developers in Maharashtra

Hindustan Times  

The Maharashtra Real Estate Regulatory Authority has recovered compensation worth ₹200.23 crore from real estate developers who had failed to hand over possession of housing units to homebuyers on time. MahaRERA update: Maharashtra Real Estate Regulatory Authority has recovered compensation worth ₹ 200.23 crore from real estate developers According to MahaRERA, out of the total ₹200.23 crore recovered, ₹46.47 crore were recovered from Mumbai city, ₹76.33 crore from Mumbai suburban, ₹39.10 crore from Pune, ₹11.65 crore from Thane, ₹9.65 crore from Nagpur, ₹7.49 crore from Raigad, ₹4.49 crore from Palghar, ₹3.84 crore from Sambhajinagar, ₹1.12 crore from Nashik and ₹9 lakh from Chandrapur. MahaRERA has so far issued 1,163 warrants worth ₹705.62 crore involving 442 real estate projects in Maharashtra. Around ₹200 crore worth of compensation has so far been recovered from 283 recovery warrants issued to 139 real estate projects, MahaRERA said in a statement.

Mumbai Recovery Maharashtra Pune Crore Maharera Estate Real District Real Estate Developers Recovered 200 200 Crore  developers  recovered  estate  crore  mumbai  homebuyers  projects  real  district  delayed  maharashtra  recovery  200  possession  recovers  maharera

History of this topic

REAL ESTATE WEEKLY ROUND UP: DECEMBER 2 – DECEMBER 8
2 weeks ago

REAL ESTATE WEEKLY ROUND UP: DECEMBER 2 – DECEMBER 8

Live Law  

Haryana Real Estate Regulatory Authority Haryana RERA Directs Anant Raj Builders To Pay Interest, Execute Conveyance Deed In Favor Of Homebuyer Case – Mohit Bansal Versus M/s. Delhi State Commission Failure To Meet Contractual Obligations: Delhi State Commission Holds TDI Infrastructure Liable For Deficiency In Service Case Title: Mr. Raman Singla Vs. TDI Infrastructure Ltd Case Number: C.C. 875/2018 The …

REAL ESTATE MONTHLY DIGEST: NOVEMBER 2024
2 weeks, 5 days ago

REAL ESTATE MONTHLY DIGEST: NOVEMBER 2024

Live Law  

HARYANA REAL ESTATE REGULATORY AUTHORITY Haryana RERA Orders Raheja Developers To Pay Interest To Homebuyer For Delayed Possession Case – Dharampal Singh & anr Versus M/s Raheja Developers Limited Citation – Complaint No : 2385 of 2023 Haryana Real Estate Regulatory Authority bench, comprising Vijay Kumar Goyal, has directed M/s Raheja Developers Limited, to pay interest to the homebuyer for …

RERA WEEKLY ROUND UP: NOVEMBER 25 – DECEMBER 1
3 weeks ago

RERA WEEKLY ROUND UP: NOVEMBER 25 – DECEMBER 1

Live Law  

MAHARASHTRA REAL ESTATE REGULATORY AUTHORITY Maharashtra RERA Holds Spenta Enclave Liable For Delay, Orders Interest To Homebuyers Case – Anil Kishinchand Rajani & Anr Versus Spenta Enclave Pvt. HARYANA REAL ESTATE REGULATORY AUTHORITY Haryana RERA Holds AKME Projects Liable For Over 10 Years Of Delay In Manesar Project, Orders Refund To Homebuyer Case – Preeti Yadav & anr Vs. M/s …

₹200 cr recovered from realtors to compensate homebuyers, ₹500 cr more payable: MahaRERA
Trending News
3 weeks ago

₹200 cr recovered from realtors to compensate homebuyers, ₹500 cr more payable: MahaRERA

Live Mint  

Mumbai, Dec 2 The Maharashtra Real Estate Regulatory Authority on Monday said it has recovered over ₹200 crore from developers to compensate homebuyers for their losses. The real estate watchdog said it has issued 1,163 warrants for recovering ₹705.62 crore across the state and has made developers cough up ₹200.23 crore from 283 warrants involving 139 real estate projects, as …

314 Maharashtra housing projects registered with MahaRERA face insolvency proceedings
2 months, 1 week ago

314 Maharashtra housing projects registered with MahaRERA face insolvency proceedings

Hindustan Times  

Mumbai:A total of 314 housing projects across Maharashtra, registered with the state's Real Estate Regulatory Authority, are currently facing insolvency and bankruptcy proceedings. A total of 314 housing projects across Maharashtra, registered with the state's Real Estate Regulatory Authority, are currently facing insolvency and bankruptcy proceedings. MahaRERA has compiled this crucial information of the projects undergoing insolvency and bankruptcy proceedings …

MahaRERA orders real estate developer to refund ₹66 lakh to flat buyer with interest
5 months, 4 weeks ago

MahaRERA orders real estate developer to refund ₹66 lakh to flat buyer with interest

Hindustan Times  

MUMBAI: In a significant relief for a homebuyer, the Maharashtra Real Estate Regulatory Authority has directed a leading property developer to refund ₹66 lakh, accepted from the buyer, along with interest for failing to complete the project by the stipulated date listed on the RERA website. MahaRERA orders real estate developer to refund ₹ 66 lakh to flat buyer with …

Delayed possession: MahaRERA keeps registration of 1,750 lapsed real estate projects in abeyance
6 months, 1 week ago

Delayed possession: MahaRERA keeps registration of 1,750 lapsed real estate projects in abeyance

Hindustan Times  

The Maharashtra Real Estate Regulatory Authority on June 10 said that it has kept the registration of 1,750 lapsed real estate projects in Maharashtra under abeyance owing to delay in completion. These projects are spread across the state with 761 projects located in Mumbai Metropolitan Region followed by 628 real estate projects in Pune. MahaRERA said the projects are spread …

MahaREAT Grants Interest To Homebuyer For Delayed Possession, Rejects Builder's Defense Of Late Approval Of Occupation Certificate
8 months, 2 weeks ago

MahaREAT Grants Interest To Homebuyer For Delayed Possession, Rejects Builder's Defense Of Late Approval Of Occupation Certificate

Live Law  

Maharashtra Real Estate Appellate Tribunal bench, comprising of Justice Shri Shriram R. Jagtap and Dr. K. Shivaji, has granted interest to homebuyer for delayed possession by rejecting the builder's contention of late approval of Occupation Certificate due to internal disputes between Maharashtra Housing and Development Authority and Municipal Corporation of Greater Mumbai regarding the issuance of approvals. REAT Verdict MahaREAT …

MahaRERA recovers compensation of ₹125 crore in just 14 months for homebuyers
8 months, 3 weeks ago

MahaRERA recovers compensation of ₹125 crore in just 14 months for homebuyers

Hindustan Times  

Mumbai: In the last 14 months, the Maharashtra Real Estate Regulatory Authority has recovered ₹125 crore in compensation for homebuyers. A total of 434 warrants from 114 projects have been issued to recover ₹298 crore. In Mumbai city total of 32 warrants from 17 projects were issued to recover ₹64.73 crore. Of which ₹21.19 crore recovered through 14 warrants belong …

MahaRERA grants interest on delayed possession to Minerva buyer
11 months ago

MahaRERA grants interest on delayed possession to Minerva buyer

Hindustan Times  

MUMBAI: The Maharashtra Real Estate Regulatory Authority has granted interest on delayed possession to the buyer of a private firm who purchased a flat in Lokhandwala Minerva, Mahalaxmi, from January 1, 2023, on the premise that the developer had failed to provide possession on terms agreed upon earlier. MahaRERA has granted interest on delayed possession to the buyer of a …

DHFL diverted funds worth over Rs 14,683 crore through nine real estate firms, says CBI
2 years, 6 months ago

DHFL diverted funds worth over Rs 14,683 crore through nine real estate firms, says CBI

Firstpost  

The funds were part of Rs 42,871 crore of public money raised from banks that were allegedly misappropriated by DHFL, officials said New Delhi: DHFL allegedly diverted funds worth over Rs 14,683 crore through nine real estate firms controlled by then chairman-cum-managing director Kapil Wadhawan, director Dheeraj Wadhawan and businessman Sudhakar Shetty, where they had financial interests, the CBI has …

Nine Real Estate Firms Under CBI Scanner for 'diversion' of Rs 14,683 Crore DHFL Funds
2 years, 6 months ago

Nine Real Estate Firms Under CBI Scanner for 'diversion' of Rs 14,683 Crore DHFL Funds

News 18  

DHFL allegedly diverted funds worth over Rs 14,683 crore through nine real estate firms controlled by then chairman-cum-managing director Kapil Wadhawan, director Dheeraj Wadhawan and businessman Sudhakar Shetty, where they had financial interests, the CBI has alleged. The role of these real estate firms — five belonging to Shetty’s Sahana Group and four others — have come under the Central …

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