MahaRERA has frozen 1,950 project accounts across Maharashtra in a crackdown on non-compliant developers, aiming to enforce accountability and protect homebuyers affected by delays and incomplete projects.

Mumbai's luxury residential sector is a worldwide symbol of grandeur. Channel partners link developers and selective purchasers in this private sector, notably in the ultra-premium category, where knowledge and networks account for over 60% of transactions.

MahaRERA's groundbreaking mandate requires developers to mention agent commissions, broking fees, and charges in sales agreements with licensed real estate agents. This requirement strengthens agents' official roles in transactions and improves openness and accountability in real estate transactions

A new MahaRERA initiative protects homebuyers in an unprecedented step. It requires housing project developers to have three accounts in one scheduled bank to promote discipline, efficiency, transparency, accountability, and equality in financial activities.

MahaRERA recovered over Rs 140 crore this year from developers who delayed flat deliveries, distressing homeowners. This is one of India's greatest real estate regulator recoveries. MahaRERA has filed 1,123 warrants this year to collect about Rs 764 crore from developers, threatening to freeze bank