MahaRERA Cancels Sale Agreements Over Non-payment

27 Mar 2024 CW Team

The Maharashtra Real Estate Regulatory Authority (MahaRERA) has invalidated sale agreements for several properties as homebuyers failed to fulfil payment obligations. This decision underscores MahaRERA's commitment to enforcing compliance and protecting the interests of both buyers and developers within the real estate sector.

The cancellations were prompted by the homebuyers' inability to make timely payments as stipulated in their sale agreements. MahaRERA's intervention aims to uphold transparency and fairness in real estate transactions, ensuring that contractual obligations are met by all parties involved.

By nullifying the sale agreements, MahaRERA seeks to address payment defaults and prevent further financial disputes between buyers and developers. This action underscores the authority's role in resolving conflicts and maintaining the integrity of the real estate market in Maharashtra.

The cancellation of sale agreements serves as a reminder to homebuyers of the importance of adhering to payment schedules to avoid legal repercussions. It also emphasizes the need for developers to maintain transparency and communicate effectively with buyers regarding payment terms and obligations.

Furthermore, MahaRERA's proactive approach in addressing payment defaults reflects its commitment to fostering trust and confidence among stakeholders in the real estate sector. By enforcing compliance measures, the authority aims to promote a fair and sustainable environment for property transactions in Maharashtra.

As MahaRERA continues to monitor real estate transactions and enforce regulatory standards, stakeholders are reminded of the importance of honouring contractual commitments to ensure smooth and transparent dealings in the housing market.

Real Estate

08 Oct 2025

Bennet & Bernard Unveil Dutch-Inspired ‘Casa El Toledo’ in Goa

Bennet & Bernard Group, Goa’s leading luxury real estate developer, has launched its newest project, Casa El Toledo, in Assagao. The enclave features 18 ultra-luxury 4 BHK Dutch-style villas blending European charm with tropical elegance. Each villa includes a private pool, double-height ceilings, open courtyards, alfresco dining areas, and English-inspired landscaping. The interiors are curated by noted Dutch designer Kelly Marie. Reflecting the grandeur of the Dutch Golden Age, Casa El Toledo harmonises heritage aesthetics with modern sensibilities. Expansive interiors flow..

Godrej Delivers Heaviest Ecolaire Surface Condenser to US Project

Godrej Enterprises Group’s Process Equipment business has manufactured and delivered its heaviest Ecolaire® Surface Condenser to date, weighing nearly 450 metric tonnes, for a power-generation project in the United States. The project, powered by natural gas and partly designed for hydrogen compatibility, marks another step in advancing clean energy systems. Produced at the company’s GreenCo-certified Dahej facility in Gujarat, the equipment demonstrates India’s growing engineering capabilities and reinforces Godrej’s ‘Make in India for the World’ vision. Hussain S..

India, Brazil Discuss Energy Ties And Oil Investments

Union Minister for Petroleum and Natural Gas Hardeep Singh Puri held discussions with Celso Luis Nunes Amorim, Special Advisor to the President of Brazil, and senior Brazilian officials to strengthen bilateral cooperation in the oil, gas, and energy transition sectors. The talks took place during a dinner hosted by Kenneth H da Nobrega, Ambassador of Brazil to India, at his residence in New Delhi.Mr Puri said the meeting focused on Indian investments in Brazil’s oil and gas sector, as well as expanding collaboration in energy transition and biofuels. “The enriching conversation revolved ar..