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MahaRERA Update: 19 Real Estate Projects in Maharashtra Seek Deregistration

Developers Apply for Deregistration Across Major CitiesProminent real estate developers, including Lodha Group, K Raheja Corp, Puranik, and Lokhandwala Infrastructure, have applied to deregister 19 projects across Maharashtra. These projects span key cities such as Mumbai, Thane, Pune, Nashik, and Nagpur. The Maharashtra Real Estate Regulatory Authority (MahaRERA) has issued a 30-day window for the […]

Homebuyers Demand Stricter Guidelines for Real Estate Sector to Curb Unfair Practices

In a move aimed at safeguarding consumer rights, the Forum for People’s Collective Efforts (FPCE) has urged the Ministry of Consumer Affairs to establish stricter guidelines for the real estate sector. The group of homebuyers expressed concerns over widespread unfair trade practices and the inability of the Real Estate (Regulation and Development) Act (RERA) to […]

U.P. RERA Sees Surge in New Project Registrations, Reflecting Rising Trust and Transparency

Record-Breaking 220 New Projects Registered in 2024, Boosting Real Estate Development Beyond NCR Lucknow/Gautam Buddha Nagar, October 22, 2024 – Uttar Pradesh’s real estate sector is witnessing an unprecedented rise in new project registrations under the Real Estate Regulatory Authority (RERA). From January to October 2024, about 220 new projects have been registered, surpassing the […]

Real Estate’s Dark Side: A Call for Change in Approval Processes and Rental Housing Trends

Horror Stories of Homebuyers In a striking revelation, Ajoy Mehta, former chairman of MahaRERA, sheds light on the grim realities faced by homebuyers in the Indian real estate market. In his new book, RERA – A Perspective, he outlines alarming instances where buyers unknowingly invest in properties lacking necessary approvals. This uncertainty not only endangers […]

New Guidelines from U.P. RERA to Ensure Transparency in Real Estate Advertising

Promoters Must Adhere to RERA Regulations for Customer Protection In a move aimed at enhancing transparency and protecting homebuyers, the U.P. Real Estate Regulatory Authority (U.P. RERA) has mandated that all promoters strictly follow the provisions of the RERA Act 2016 in their advertising and promotional activities. Key Requirements for Advertisements Promoters are now required […]