MahaRERA brings in three-level scrutiny for housing projects’ registrations
The Maharashtra Real Estate Regulatory Authority (MahaRERA) will be undertaking a three-level scrutiny of housing projects that will be registered to ensure zero complaints from homebuyers and better compliance on developers’ part. As part of this new mechanism, all the…
MahaRERA Dismisses Complaint Against Lodha’s New Cuffe Parade Project in Mumbai
The Maharashtra Real Estate Regulatory Authority (MahaRERA) has clarified that it is not within its purview to oversee construction beyond the registered project boundaries. This decision came as MahaRERA dismissed a complaint against Macrotech Developers, popularly known as Lodha, concerning…
MahaRERA’s Tough Stance Spurs Surge in Quarterly Updates from Real Estate Projects
The Maharashtra Real Estate Regulatory Authority (MahaRERA) has experienced a notable increase in project compliance with the mandatory Quarterly Progress Reports (QPR), driven by the regulator’s proactive measures against non-compliance. Out of 480 projects registered in April 2023, over 46.25%…
Registration of new projects after verification of CC from June 19
The Maharashtra Real Estate Regulatory Authority (MahaRERA) will grant registrations for new projects from June 19 only after verification of commencement certificates (CCs) issued by the local authorities. The regulatory authority has made it mandatory for the local authorities to send the…
MahaRERA cautions homebuyers against 308 projects facing insolvency proceedings
The Maharashtra Real Estate Regulatory Authority (MahaRERA) has cautioned homebuyers against over 308 real estate projects in keyproperty markets including Mumbai, Navi Mumbai, Thane, Pune, and rest of Maharashtra that are facing insolvency and bankruptcy proceedings against them. Various banks,…