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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.
- 15th Sep 2024
- 1139 Views
For every homebuyer, the happiest milestone is when their investment materializes as they receive possession of their property. This moment transforms their financial commitment into a tangible asset.
- 15th Sep 2024
- 1136 Views
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.
- 9th Aug 2024
- 1168 Views
Home investing may be complicated, especially with rising prices, legal issues, and quality issues. Ghar recommends 7 essential actions for a safe, financially secure, and easy home purchase:
- 3rd Aug 2024
- 1168 Views
Paradigm Realty of Mumbai launched a 2.5 million sq. ft. Mahavir Nagar, Kandivali (W) redevelopment project. The project, located on a ~4-acre site block, offers free-sale RERA carpets up to 1 million sq. ft. and has a gross development value of over INR 3500 crore (USD 0.44 billion.
- 10th Jul 2024
- 1180 Views
Rajesh Labhubhai Lakhani, Director of Kiran Gems, a leading diamond maker, bought a sea-view flat in Mumbai's posh Worli neighbourhood for over 97 crore. This 14,911-square-foot RERA carpet apartment sits on the 44th floor of Three Sixty West on Dr Annie Besant Road.
- 14th Jun 2024
- 1263 Views
In 2024, over 5.3 lakh residences will be completed, a decade-high. The Covid-19 outbreak delayed projects and the government-backed SWAMIH fund revived them, causing this increase. NAREDCO states that almost 4.35 lakh units were constructed in the top seven cities in 2023.
- 29th May 2024
- 1282 Views
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.
- 29th May 2024
- 1209 Views
Bank lending to commercial real estate, including residential projects, rose 23% last fiscal year excluding the HDFC-HDFC Bank merger. Loans totaled Rs 3.97 lakh crore. Including the merger, growth rose to 38.9%, with Rs 4.48 lakh crore in loans as of March 31.
- 8th May 2024
- 1292 Views
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.
- 5th May 2024
- 1281 Views
Over the last two years, India's real estate business has seen record sales, increasing demand for construction and sales skills. Since competent workers are scarce, consultancy companies and developers are hiring new graduates from business schools.
- 28th Apr 2024
- 1276 Views
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.
- 6th Apr 2024
- 1287 Views
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.
- 27th Mar 2024
- 1272 Views
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.
- 23rd Mar 2024
- 1371 Views
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.
- 21st Mar 2024
- 1294 Views