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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.
- 29th Sep 2024
- 1215 Views
Godrej Housing financing, Aadhar Housing Finance, and HUDCO were fined by the RBI for not following its housing financing guidelines. Inspections under the National Housing Bank Act led the RBI to cite erroneous loan appraisals, early interest charges, and poor risk management, etc.
- 8th Sep 2024
- 1181 Views
The Maharashtra Housing and Area Development Authority (MHADA) has reduced plot contract violation fines. MHADA's six-month amnesty policy includes this decrease. Under certain scenarios, the programme reduces offenders' penalty costs.
- 19th Mar 2024
- 1401 Views
MahaRERA has issued show-cause notices to 74 developers in Mumbai and Pune for failing to include QR codes in their project advertisements, a violation of the August 1, 2023 mandate.
- 30th Sep 2023
- 1302 Views