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MahaRERA Proposes Three-Account System for Real Estate Projects

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.

By Admin

  • 27th Mar 2024
  • 1130 Views
In a First, MahaRERA Orders Cancellation of Sale Agreements Due to Non-Payment by Homebuyers

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.

By Admin

  • 23rd Mar 2024
  • 1143 Views
Revolutionary Proposal by MahaRERA for Developer Accounts For Safeguarding Homebuyers

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.

By Admin

  • 21st Mar 2024
  • 1143 Views
Homebuyers Advocate for Stronger RERA Monitoring

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.

By Admin

  • 9th Mar 2024
  • 1147 Views
Discover New Projects with MagicHomes by Magicbricks

Magicbricks has introduced MagicHomes, a fresh way to help you find the latest housing projects across India's big cities. Whether you're looking in Delhi, Mumbai, Bengaluru, Hyderabad, Kolkata, Pune, Ahmedabad, or Chennai, MagicHomes is here to make your search easier.

By Admin

  • 6th Mar 2024
  • 1158 Views
Ashiana Housing Ltd Introduces ONE44 - Elevating Luxury Living in Jaipur

Ashiana Housing Ltd. launched ONE44, its latest luxury residential project, at a glittering occasion that ushered in a new era of affluent living in Jaipur. Over 3.5 acres, ONE44 will become a local hallmark for luxury.

By Admin

  • 14th Feb 2024
  • 1156 Views
Pioneering Draft Guidelines for Senior Living A Leap by MahaRERA

In a groundbreaking move, the Maharashtra Real Estate Regulatory Authority (MahaRERA) has unveiled draft guidelines aimed at revolutionizing housing projects for the elderly, making it a trailblazer in India for advocating the specialized housing needs of retirees.

By Admin

  • 12th Feb 2024
  • 1164 Views
Landmark KRERA Decision for L&T Realty Project in Hebbal, Bengaluru

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.

By Admin

  • 12th Feb 2024
  • 1156 Views
Breathing New Life into Maharashtra's Real Estate The MahaRERA Success Story

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.

By Admin

  • 10th Feb 2024
  • 1153 Views
Satish Chandra Takes Charge as RERA Chairperson of Jammu and Kashmir Real Estate Regulatory Authority

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.

By Admin

  • 15th Jan 2024
  • 1181 Views
CREDAI 18th GIHED Property Show in Ahmedabad Set to Dazzle in January 2024

From January 5 to 7, 2024, CREDAI Ahmedabad will host the 18th GIHED Property Show. The Gujarat Chief Minister Bhupendra Patel and the Minister of State for Home Harsh Sanghvi will launch this important event.

By Admin

  • 5th Jan 2024
  • 1213 Views
Record-Breaking INR 410 Crore Recovery - MahaRERA Champions Homebuyers Rights Against Defaulting Realtors

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

By Admin

  • 27th Dec 2023
  • 1197 Views
823 New Real Estate Projects Registered With MahaRERA This Festive Season

Between 1st October and 13th November 2023, MahaRERA recorded 823 new projects in Maharashtra over the holidays. Mumbai's city and suburbs have 106. This time last year, the state registered 769 projects.

By Admin

  • 16th Nov 2023
  • 1230 Views
Bangalore Based Prestige Group Announces Intent to Launch Real Estate Projects Across Delhi-NCR, Bengaluru, Hyderabad, Chennai, Mumbai and Goa

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.

By Admin

  • 26th Oct 2023
  • 1282 Views
MahaRERA Takes Decisive Action - Seven Key Real Estate Projects Deregistered in MMR Region

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.

By Admin

  • 22nd Oct 2023
  • 1227 Views
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