MahaRERA has imposed a ₹5 lakh penalty on a Borivali developer for illegally selling a 10th-floor flat in a redevelopment project that had construction approval only till the 7th floor, leaving the homebuyer without possession despite paying ₹55 lakh.

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.

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.

In the real estate realm, "stalled projects" are those that have ceased construction entirely, contrasting with "delayed projects" which progress slowly due to various factors.