MahaRERA has penalised a Goregaon (West) developer with a ₹2 lakh fine and ordered interest compensation for homebuyers after finding delayed possession and strategic misuse of arbitration in the Kalpataru Radiance D project.

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.

MahaRERA has unveiled a first-of-its-kind SOP for compensation recovery, giving homebuyers a time-bound enforcement pathway against defaulting developers, including asset seizure and civil imprisonment provisions.