Registration of 49 projects revoked for unfair trade practices
2 years, 2 months 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 practices”, and directed that their designated bank accounts associated with the projects be frozen. “In the present case of not obtaining the CCs from the Competent Authority and misrepresenting to this Authority as well as the allottees/ home buyers and collecting money through misrepresentation and taking the bookings in the above-mentioned MahaRERA registered projects can be said to be unfair or deceptive practice,” noted the November 7 suo moto order by the bench. MahaRERA also urged authorities to “immediately” put in place a system wherein all milestone approvals relevant to buyers are uploaded on a dedicated portal by the respective planning authority so that they can be verified by the buyers as well as the authority. With the suo moto action, the list of projects where MahaRERA has terminated the registration of a project has swelled from 11 projects over five years till August this year, to 60 projects.

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History of this topic

MahaRERA issues show cause notices to around 11,000 lapsed housing projects, MMR tops the list
3 weeks, 5 days 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 …

Link websites of civic bodies to MahaRERA portal in 3 months: HC
1 month, 3 weeks ago

Link websites of civic bodies to MahaRERA portal in 3 months: HC

Hindustan Times  

MUMBAI: The Bombay high court on Tuesday directed the state government to order all municipal corporations, municipal councils and other planning authorities across the state to link their respective websites with the Maharashtra Real Estate Regulatory Authority portal within three months, to enable home buyers to verify the authenticity of certificates submitted in real estate registrations. Link websites of civic …

314 Maharashtra housing projects registered with MahaRERA face insolvency proceedings
3 months 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
6 months, 2 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
7 months 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, 3 weeks 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. …

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 …

Local bodies told to displaying realty documents on their websites
1 year, 10 months ago

Local bodies told to displaying realty documents on their websites

Hindustan Times  

Mumbai: In the aftermath of the RERA scam in Kalyan where 67 projects were found to be using fake commencement certificates and following a request by Maharashtra Real Estate Regulatory Authority, the urban development department has now made it mandatory for all local bodies and planning authorities to upload copies of commencement and occupancy certificates issued by them on their …

RERA suspends 52 builders from KDMC
2 years, 3 months ago

RERA suspends 52 builders from KDMC

Hindustan Times  

The Maha Real Estate Regulatory Authority suspended registrations of 52 builders from Kalyan–Dombivli Municipal Corporation limits on Monday. The civic body has said that the builders had produced fake documents to acquire the RERA certificate. “We have uploaded the list of suspended builders from KDMC on our website,” said Vasant Prabhu, secretary, RERA. He drew the court’s attention towards the …

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