MahaRERA Cancels Four Homebuyers' Agreements in Mumbai

27 Mar 2024 CW Team

In a significant move, the Maharashtra Real Estate Regulatory Authority (MahaRERA) has revoked agreements with four homebuyers in Mumbai due to their failure to make timely payments. This decision underscores the authority's commitment to upholding regulations and ensuring compliance within the real estate sector.

The cancellations come as a result of the buyers' inability to adhere to payment schedules outlined in their respective agreements with developers. MahaRERA's intervention highlights the importance of fulfilling financial obligations in real estate transactions and emphasises the consequences of non-compliance with regulatory mandates.

By nullifying the agreements, MahaRERA aims to uphold transparency and accountability in the housing market while safeguarding the interests of both developers and buyers. The authority's action serves as a deterrent against payment defaults and reinforces the need for adherence to contractual obligations.

The cancellation of agreements underscores the significance of financial discipline and adherence to contractual obligations in real estate transactions. MahaRERA's proactive stance reflects its commitment to maintaining a fair and transparent regulatory framework within the sector, thereby fostering trust and confidence among stakeholders.

Furthermore, the cancellations serve as a reminder to homebuyers of the importance of timely payments to avoid legal repercussions and protect their investment interests. Moving forward, MahaRERA's enforcement actions are expected to promote greater compliance and accountability within the Mumbai real estate market, contributing to its overall stability and credibility.

Infrastructure Urban

30 May 2026

Panasonic Showcases Connected Display Solutions

Panasonic Life Solutions India showcased its integrated display, projection, broadcast and communication technologies at Panasonic Tech Summit 2026 in New Delhi. Hosted through its System Solutions Division, the two-day event highlighted connected technology solutions for education, healthcare, retail, transportation, corporate offices and entertainment.The summit, themed ‘Turning Technology into Value’, featured experience-led zones covering QSR, retail, transit, corporate offices, healthcare, education, security, projection, home theatre and professional displays. Panasonic also introduc..

Kapsch to Deliver India’s First C-ITS Project

"Kapsch TrafficCom will deliver India’s first Cooperative Intelligent Transport Systems project on a key expressway near New Delhi. The project will be implemented with Superwave Communication And Infrasolution Limited to demonstrate how connected mobility can improve road safety and traffic efficiency.The pilot will use real-time connectivity and AI-enabled situational awareness to support road users, especially in high-risk areas such as temporary work zones. Drivers will receive alerts on roadworks, maintenance vehicles, hazardous locations, traffic queues and temporary virtual signage di..

Eurobond Net Profit Rises 44 Per Cent

Euro Panel Products, the parent company of Eurobond, reported a 44.13 per cent year-on-year rise in net profit for FY25–26. The company’s revenue from operations grew 18.91 per cent to Rs 503.20 crore, compared to Rs 423.18 crore in the previous financial year.The company’s full-year EBITDA stood at Rs 56.67 crore, marking a 31.82 per cent increase. Profit after tax rose to Rs 26.56 crore, while net worth increased 20.15 per cent to Rs 160.07 crore. Earnings per share for the year stood at Rs 10.84.Divyam Rajesh Shah, Whole Time Director and CFO, Euro Panel Products, said the company’s..