RERA Rulings and Announcements- January 2023

Here’s the roundup of all the major decisions taken by MahaRERA in January 2023.

Key updates from this edition:

πŸ‘‰πŸ½ Online classified portals not required to register as real estate agents

πŸ‘‰πŸ½ MahaRERA corrects penalty charges from 10% to 2% on booking cancellation

πŸ‘‰πŸ½ Relief denied to four home buyers stuck in a stalled ultra luxury project in Santacruz on grounds of lack of documentation proving possession date

πŸ‘‰πŸ½ Investigators appointed by MahaRERA to visit the project sites

πŸ‘‰πŸ½ MahaRERA allows Lodha Group & Terraform Realty Group, to market, advertise and sell its joint venture project Lodha Bellevue inΒ Mahalaxmi locality

πŸ‘‰πŸ½ MahaRERA issues 19,539 show cause notices to developers

πŸ‘‰πŸ½ MahaRERA recovers Rs 100 crore from 118 warrants issued in five years and is yet to recover Rs 413.79 crore


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