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:

👉🏽 Online classified portals not required to register as real estate agents

👉🏽 MahaRERA corrects penalty charges from 10% to 2% on booking cancellation

👉🏽 Relief denied to four home buyers stuck in a stalled ultra luxury project in Santacruz on grounds of lack of documentation proving possession date

👉🏽 Investigators appointed by MahaRERA to visit the project sites

👉🏽 MahaRERA allows Lodha Group & Terraform Realty Group, to market, advertise and sell its joint venture project Lodha Bellevue in Mahalaxmi locality

👉🏽 MahaRERA issues 19,539 show cause notices to developers

👉🏽 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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