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.

Dedicated Monitoring Unit RequestThe Ministry of Housing should create a body to manage all state Real Estate Regulatory Authorities, according to a national homebuyers association. This suggestion was presented at a meeting with the Ministry of Housing and Urban Affairs.

In a landmark decision, the Karnataka Real Estate Regulatory Authority (KRERA) has mandated L&T Realty to transfer the ownership of common areas and the pre-maintenance corpus to the Resident Welfare Association (RWA) for the L&T Realty Raintree Boulevard project in Bengaluru.

The Union Territory of Jammu and Kashmir has appointed Satish Chandra, the former chairman of the J&K Public Service Commission (J&K PSC), as the next head of the RERA.

MahaRERA recovered over Rs 140 crore this year from developers who delayed flat deliveries, distressing homeowners. This is one of India's greatest real estate regulator recoveries. MahaRERA has filed 1,123 warrants this year to collect about Rs 764 crore from developers, threatening to freeze bank

Bengaluru-based Prestige Group, a real estate giant, is planning to transform urban landscapes across Delhi-NCR, Bengaluru, Hyderabad, Chennai, Mumbai, and Goa. With a Bengaluru trial project, they are also targeting elder living.

In a bold initiative to demonstrate openness and regulatory supervision, MahaRERA deregistered seven key projects throughout the state. Developers recognise budgetary restrictions and lacklustre reception to their offers.

The Uttar Pradesh Real Estate Regulatory Act (UP-RERA) has improved transparency and strengthened real estate project bank account banking. A recent State Level Bank Committee (SLBC) statement stressed the need of managing these accounts according to RBI and RERA Act guidelines.

Maharashtra has been the most active State in implementing the Real Estate (Regulation and Development) Act (RERA) since the law came into effect.

The recently introduced Real Estate Regulatory Act or RERA has a mandate to bring about the much-needed transparency and accountability in India’s massive realty domain. The added transparency is also expected to boost the real estate industry’s stock