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.

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..