Bombay HC directs Maharashtra’s local bodies to link with MahaRERA portal in three months for real-time CC and OC verification, ensuring transparency and preventing forgery.

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

MahaRERA has warned purchasers about 314 housing projects undergoing corporate bankruptcy resolution at the National Company Law Tribunal. A major 236 projects are in Mumbai, 52 in Pune, nine in Haveli, and five each in Ahmednagar and Solapur.

Project delays may be a major issue for homebuyers. Delays ruin plans and cost money and mental energy. Here are five sensible methods to avoid legal issues and streamline the home-buying process.

Maharastra has highlighted concerns over 212 housing projects constructed between January and April 2023. Without necessary construction updates, these projects violate rules and have forced MahaRERA to take significant action.

Maharashtra homebuyers are frustrated with MahaRERA hearing delays, some of which last years. Slow resolution of real estate disputes undermines the Real Estate (Regulation and Development) Act, 2016, which was meant to speed up justice.

In a major milestone for Maharashtra's real estate sector, 87% of fifth MahaRERA real estate agents' test applicants passed. Out of 4,769 applicants, 4,165 are certified, expanding the state's real estate agent pool.

Real estate purchases without due diligence raise financial risks. Proper procedures reduce risks and maximise profits. With so many inexpensive house ads, be careful and check all promises.

Promoters must now use only qualified and certified real estate agents under MahaRERA. This guideline protects homebuyers and the real estate industry. Non-compliance might lead to project registration rejections, registration revocations, or promoter fines.

MahaRERA reached a milestone in 2023-24, registering 4,332 projects from 5,471 applicants. Officials stressed that the remaining applications are being carefully reviewed to ensure project integrity and compliance.

MahaRERA has proposed a breakthrough rule to increase openness and accountability in real estate developments. For compliance and efficient money utilisation, this proposal requires projects to maintain three bank accounts in the same bank.

Maharashtra Real Estate Regulatory Authority (MahaRERA) has ordered the termination of sale agreements between a developer and purchasers who missed payment deadlines in an unprecedented action.

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.

In a groundbreaking move, the Maharashtra Real Estate Regulatory Authority (MahaRERA) has unveiled draft guidelines aimed at revolutionizing housing projects for the elderly, making it a trailblazer in India for advocating the specialized housing needs of retirees.