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212 Maharashtra Housing Projects Breach Regulations - Serious Concerns Raised by MahaRERA

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.

By Admin

  • 29th Sep 2024
  • 1144 Views
Why Did RBI Impose Penalties on Godrej Housing, HUDCO and Aadhar Housing Finance?

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.

By Admin

  • 8th Sep 2024
  • 1166 Views
MHADA Introduces Amnesty Scheme to Reduce Penalties for Plot Contract Violations

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.

By Admin

  • 19th Mar 2024
  • 1386 Views
MahaRERA Cracks Down on Non-Compliant Developers, Levies Penalties for Absence of QR Codes in Advertisements

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.

By Admin

  • 30th Sep 2023
  • 1290 Views
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