Legal
- 25 Blogs
With a landmark verdict, a Mumbai consumer commission ordered a development company to pay purchaser Neela Pawar with INR 8.5 lakh and return INR 7.5 lakh for failing to get licences for a Kandivli redevelopment project. This ruling shows the consequences of unlicensed redevelopment.
- 31st Mar 2024
- 1157 Views
The Mumbai NCLT invalidated Wadhwa Buildcon's promoter's resolution plan. The resolution professional (RP)'s suspicious conduct and the promoter's willful default status revealed the decision.
- 27th Mar 2024
- 1163 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
- 1147 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
- 1167 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
- 1156 Views
The Maharashtra Housing and Area Development Authority (MHADA) has reduced plot contract violation fines. MHADA's six-month amnesty policy includes this decrease. Under certain scenarios, the programme reduces offenders' penalty costs.
- 19th Mar 2024
- 1171 Views
Square Yards' asset management division, PropsAMC, has helped many individuals become homes. Helping over 300 homeowners settle their legal challenges, it recovered Rs 100 crore of invested capital.
- 7th Nov 2023
- 1255 Views
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.
- 22nd Oct 2023
- 1241 Views
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.
- 17th Oct 2023
- 1246 Views
10 Key Steps for a Seamless Property Registration While Buying Land
- 17th Oct 2023
- 1231 Views
The Maharashtra Real Estate Regulatory Authority (MahaRERA) is set to introduce a transformative framework aimed at enhancing transparency and quality assurance within the real estate sector.
- 16th Oct 2023
- 1227 Views
The Maharashtra Real Estate Regulatory Authority (MahaRERA) has chosen to deregister five real estate projects across Maharashtra state.
- 14th Oct 2023
- 1231 Views
Maharashtra Property Registration Office Starts Hiding Fingerprints and Aadhaar Numbers on Scanned Sale documents and Rental Agreements
- 1st Oct 2023
- 1247 Views
MahaRERA has issued show-cause notices to 74 developers in Mumbai and Pune for failing to include QR codes in their project advertisements, a violation of the August 1, 2023 mandate.
- 30th Sep 2023
- 1215 Views
A recent verdict by the Karnataka Real Estate Regulatory Authority (KRERA) stands as a symbol of hope, shedding light on the path to fairness and justice for homebuyers.
- 22nd Sep 2023
- 1226 Views