MahaRERA issues warrants worth Rs 633 cr against errant developers

16 Feb 2022 CW Team

The Maharashtra Real Estate Regulatory Authority (MahaRERA) has issued recovery warrants worth Rs 633 crore against errant developers, with the highest value in Mumbai's suburbs.

The action was taken in coordination with 13 collectorates, including Mumbai and Pune, having 717 warrants to expedite refunds to home buyers.

Mumbai's suburb area involves 302 such recoveries, followed by Pune 162 and Thane 99. These warrants were issued concerning 256 projects, from which 83 are in Pune, followed by 63 in Mumbai's suburbs and 41 in Thane. Other collectorates include Raigad, Alibaug, Palghar, Mumbai city, Nagpur, Aurangabad, Nashik, Sindhudurg and Satara.

The Chairman of MahaRERA, Ajoy Mehta, is in discussion with the revenue secretary and district collectors to execute the order soon to expedite the investments of home buyers. The adjudicating officers have issued the recovery warrants against errant developers under the Real Estate Regulation and Development Act.

Vasant Prabhu, MahaRERA secretary, said that the recovery warrants include the collector issuing an attachment certificate, attaching the property, and the developer has a chance to repay the amount. If the developers do not pay, then the process is followed by an auction.

Ramesh Prabhu, Chairman of Maharashtra Societies Welfare Association, said that once MahaRERA issued a recovery warrant order and it is not complied by the respondent or promoters, allottees can file a petition on non-execution of the order. Homebuyers may exit from a project and invest somewhere else.

Image Source

Also read: MahaRERA to decide on compensation payable to flat buyers

Infrastructure Energy

25 Jun 2026

Centre Prioritising Energy Security With Coal Gasification

Union minister for Coal and Mines G Kishan Reddy said the Centre is prioritising energy security through a strategic shift to coal gasification and has announced incentives totalling Rs 460 billion (bn) to support the effort. He said more than 35 companies will start coal gasification activities in India within two months and that the government is encouraging firms that bring technology to close the domestic technology gap. The minister described the initiative as aimed at reducing import dependence and developing indigenous capacity. India has the fifth-largest coal reserve in the world, and..

BHEL and Coal India Invest Rs 250 bn in Odisha Gasification

Bharat Heavy Electricals (BHEL) and Coal India (CIL) are jointly investing Rs 250 billion in a coal gasification project in Odisha, with the Prime Minister laying the foundation stone in Jharsuguda. Union Coal and Mines Minister G Kishan Reddy described the initiative as a transformative shift in coal utilisation that will open industrial avenues for the state. The project moves coal beyond conventional power generation to industrial feedstocks. Coal gasification will convert coal into synthesis gas, a versatile feedstock for chemicals, fertilisers and synthetic fuels, and the technology is ex..

BCCL Hands Over Dugdha Coal Washery To JSW Steel

Bharat Coking Coal has handed over the Dugdha Coal Washery to JSW Steel, marking the first coal washery asset monetisation under the Ministry of Coal's asset monetisation programme. The handover took place in the presence of senior officials from Bharat Coking Coal Ltd, JSW Steel and JSW Energy. The washery has a capacity of two million tonnes per annum (mn t per annum), and its transfer is intended to introduce private sector practices into coal beneficiation operations. The monetisation is aimed at modernising coal sector assets, improving operational efficiency and enhancing resource utilis..