Homebuyers ask MahaRERA for redress due to developers' non-compliance

12 Apr 2023 CW Team

The Forum for People's Collective Efforts (FPCE), a pan-Indian organisation that represents homebuyers, has complained to the Maharashtra Real Estate Regulatory Authority (MahaRERA) about real estate developers' failure to provide statutory project updates on a quarterly basis.

It has also urged that the Real Estate (Regulation & Development) Act of 2016's Section 61, which imposes fines of up to 5% of the anticipated project cost on defaulters, be used to punish the project's promoters for this noncompliance.

The agency sent letters to over 16,000 developers and promoters last week because they hadn't gotten timely responses to their requests for information about their projects.

MahaRERA sent show-cause letters to 19,500 projects in January for failing to update the necessary project information as required by Section 11 of the Act. Accordingly, 3,500 notices for various projects, or just over 18%, are believed to have been followed.

The regulators have conveniently disregarded this very significant breach by the builders.

Also read:
Institutional real estate investment saw 37% increase in Jan-Mar 2023
Birla Estates enters residential real estate sector in Pune

Infrastructure Transport

06 Feb 2026

Lucknow Metro East-West Corridor Consultancy Contract Awarded

The Uttar Pradesh Metro Rail Corporation has awarded the first construction-related consultancy contract for the Lucknow Metro East West Corridor to a joint venture of AYESA Ingenieria Arquitectura SAU and AYESA India Pvt Ltd. The firm was declared the lowest bidder for the Detailed Design Consultant contract for Lucknow Metro Line-2 under Phase 1B and the contract was recommended following the financial bid. The contract is valued at Rs 159.0 million (mn), covering design services for the corridor. Lucknow Metro Line-2 envisages the construction of an 11.165 kilometre corridor connecting Cha..

Div Com Kashmir Urges Fast Tracking Of Jhelum Water Transport Project

The Divisional Commissioner of Kashmir has called for the fast-tracking of the Jhelum water transport project, urging district administrations and relevant agencies to accelerate planning and clearances. In a meeting convened at the divisional headquarters, the commissioner instructed officials from irrigation, public health engineering and municipal departments to prioritise the project and coordinate survey and design work. The directive emphasised removal of administrative bottlenecks and close monitoring to ensure timely mobilisation of resources and contractors. Officials were told to in..

Interarch Reports Strong Q3 And Nine Month Results

Interarch Building Solutions Limited reported unaudited results for the third quarter and nine months ended 31 December 2025, recording strong revenue growth driven by execution and a robust order book. Net revenue for the third quarter rose by 43.7 per cent to Rs 5.225 billion (bn), compared with Rs 3.636 bn a year earlier, reflecting heightened demand in pre-engineered building projects. The company’s total order book as at 31 January 2026 stood at Rs 16.85 bn, supporting near-term visibility. EBITDA excluding other income for the quarter increased by 43.2 per cent to Rs 503 million (mn),..