MahaRERA issues show cause notices to around 11,000 lapsed housing projects, MMR tops the list
1 week ago

MahaRERA issues show cause notices to around 11,000 lapsed housing projects, MMR tops the list

Hindustan Times  

The Maharashtra Real Estate Regulatory Authority has initiated scrutiny of all lapsed housing projects and issued show-cause notices to around 11,000 such projects, most of which are in the Mumbai Metropolitan Region. MahaRERA has issued show-cause notices to around 11,000 lapsed housing projects, most of which are in the Mumbai Metropolitan Region. MahaRERA’s order issued in July 2022 also states the action that may be initiated regarding lapsed projects. Presently, 10,773 real estate projects have lapsed in Maharashtra, leading to several homebuyers getting stuck with the investments, said Manoj Saunik, Chairman of MahaRERA.

Projects Project Maharera Estate Real Submit Housing Projects Lapsed Such Projects Cause Notices Lapsed Projects  submit  project  region  initiated  notices  projects  real  mmr  issues  housing  cause  estate  tops  lapsed  issued  maharera  list

History of this topic

MahaRERA issues notice to 10,773 ‘lapsed’ projects, MMR tops the list
Trending News
6 days, 22 hours ago

MahaRERA issues notice to 10,773 ‘lapsed’ projects, MMR tops the list

Hindustan Times  

MUMBAI: The developers of over one-fifth of projects, registered with Maharashtra Real Estate Regulatory Authority, have been issued show cause notices, as the projects have come under the “lapsed” category. MahaRERA issues notice to 10,773 ‘lapsed’ projects, MMR tops the list The notices have been issued to developers who have failed to update their project’s status and related information on …

Maharashtra Election Results 2024: 5 things Mumbai homebuyers look forward to from the new government
1 month ago

Maharashtra Election Results 2024: 5 things Mumbai homebuyers look forward to from the new government

Hindustan Times  

With Maharashtra assembly elections 2024 results expected to be announced today, homebuyers in Mumbai, the costliest real estate market in the country, hope that the government will focus on middle income housing, improve infrastructure and take steps to ensure that stalled projects are revived. Maharashtra Election Results 2024: Homebuyers in Mumbai hope that the new government will fast track the …

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 …

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 …

Consumer Cases Weekly Round-up: 11th to 17th March 2024
9 months ago

Consumer Cases Weekly Round-up: 11th to 17th March 2024

Live Law  

National Consumer Disputes Redressal Commission Booking Commercial Space For Self-Employment Business Deemed As Commercial Purpose : National Consumer Commission The National Consumer Disputes Redressal Commission, presided by Justice Ram Surat Maurya and Bharatkumar Pandya, in a complaint against MVL Holding Ltd ruled that commercial space booked for doing business by way of self-employment comes under the definition of commercial purpose. …

2023 sees highest ever housing project completions in Maharashtra in six years
11 months, 1 week ago

2023 sees highest ever housing project completions in Maharashtra in six years

Hindustan Times  

Mumbai: The completions of housing projects registered with MahaRERA touched the highest ever since its inception in 2017 and nearly doubled even as the housing regulator cracked the whip and put in place stringent processes for registrations, legal and financial scrutiny in 2023. MahaRERA, the real estate regulator of Maharashtra, has put in place a three-tiered scrutiny process which ensures …

MahaRERA freezes accounts of 248 projects for non-compliance
1 year, 1 month ago

MahaRERA freezes accounts of 248 projects for non-compliance

Hindustan Times  

Mumbai: The Maharashtra Real Estate Regulatory Authority on Monday suspended the registration of 248 real estate projects for not complying with submission of quarterly progress reports. MahaRERA also sent notices under Section 7 of Real Estate Act to 224 out 443 projects registered with it in March 2023, asking them to comply within 30 days or face action. The 248 …

Central committee proposes several measures to provide relief to homebuyers in UP. Know all suggestions here
1 year, 4 months ago

Central committee proposes several measures to provide relief to homebuyers in UP. Know all suggestions here

India TV News  

In lieu of several stalled real estate projects in Uttar Pradesh that have adversely affected prospective homebuyers, an expert committee has proposed several measures, such as introducing changes in the insolvency law, to provide relief for builders so they can complete their projects and hand over the buildings to buyers. According to a report by Hindustan Times, the central committee …

Complaints in real estate sector come down to 3.5% from 23% post MahaRERA
1 year, 4 months ago

Complaints in real estate sector come down to 3.5% from 23% post MahaRERA

Hindustan Times  

PUNE According to MahaRERA authorities, 36 per cent of real-estate projects which were launched before the setting up of the real estate regulatory authority in the state were mired in various disputes. The complaints against developers have come down post Maharashtra Real Estate Regulatory Authority’s enactment2, the data shared by the regularity authority shows. “ln projects launched pre- RERA, MahaRERA …

MahaRERA notices to 16,000 unresponsive projects
1 year, 8 months ago

MahaRERA notices to 16,000 unresponsive projects

Hindustan Times  

MUMBAI HT Image MUMBAI: Housing regulator Maharashtra Real Estate Regulatory Authority on Wednesday said it has started serving a second showcause notice to 16,000 out of the 19,500 registered projects which have not responded to the first notice sent in January urging them to update the relevant information about their projects and its progress. It is essential that home buyers …

MahaRERA notices to 261 projects with slow pace
1 year, 8 months ago

MahaRERA notices to 261 projects with slow pace

Hindustan Times  

MUMBAI HT Image Housing regulator MahaRERA has served show cause notices to 261 projects with completion dates of December 2023 but are less than 40 per cent complete by March, asking for explanation on how they plan to complete these in the next nine months. According to the data that emerged during the project monitoring exercise conducted by MahaRERA, 53 …

MahaRERA serves notice to 313 projects for discrepancies
1 year, 10 months ago

MahaRERA serves notice to 313 projects for discrepancies

Hindustan Times  

Mumbai: MahaRERA on Monday issued show cause notices to 313 large projects which were red-flagged due to discrepancies seen on their registration pages. “The discrepancies seen in the data submitted by the promoters showed, for instance, that a project had shown 75% expenditure, but the construction percentage was only 50%. Another project had a possession deadline just six months away, …

MahaRERA seeks help from SROs to assess lapsed projects
1 year, 11 months ago

MahaRERA seeks help from SROs to assess lapsed projects

Hindustan Times  

Mumbai: The Maharashtra Real Estate Regulatory Authority recently held its first meeting with four Self Regulatory Organisation of developers to seek their assistance in assessing accurate information about over 5,000 lapsed real estate projects across Maharashtra. HT Image Sanjay Deshmukh, former IAS officer and nodal officer for lapsed project with the housing regulator, chaired the meeting held last week at …

Registration of 49 projects revoked for unfair trade practices
2 years, 1 month ago

Registration of 49 projects revoked for unfair trade practices

Hindustan Times  

Shoulder: Kalyan MahaRERA scam Strap: Housing regulator freezes bank accounts; urges civic authorities to upload CC, OC on dedicated portals to protect buyers In a suo moto action, the state housing regulator, the Maharashtra Real Estate Regulatory Authority, has revoked the registration of 49 projects being probed in Kalyan RERA scam for allegedly submitting fake commencement certificates for “unfair trade …

Discover Related