MahaRERA has issued recovery warrants worth ₹90 crore against Honest Shelters Pvt Ltd for the troubled Palais Royale project in Worli, following IIFL Finance Ltd's complaints about non-compliance with possession handover orders.

Maharashtra faces real estate recovery crisis as only 31% of MahaRERA warrants executed. Rs 527 crore still pending across 1,212 cases affecting homebuyers statewide. PM Modi intervenes as verification of 2,600 OCs begins following Dombivli scam fallout.

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