MahaRERA Mandates Builders' Bank Details

03 Apr 2024 CW Team

MahaRERA (Maharashtra Real Estate Regulatory Authority) is set to enforce a new mandate requiring builders to disclose their bank account details in recovery warrants. This initiative aims to streamline the process of recovering dues from developers, enhancing transparency and efficiency in real estate transactions.

The inclusion of builders' bank details in recovery warrants will facilitate smoother and faster recovery procedures for homebuyers and other stakeholders. It will enable authorities to directly access builders' accounts for recovering outstanding payments or penalties, ensuring timely resolution of disputes and grievances.

The move by MahaRERA underscores its commitment to strengthening consumer protection measures and promoting accountability in the real estate sector. By mandating the disclosure of bank information, the authority seeks to empower homebuyers and uphold their rights in dealings with developers.

The implementation of this mandate is expected to instill greater confidence among homebuyers and investors in the real estate market. It reinforces MahaRERA's role as a regulatory watchdog, safeguarding the interests of consumers and fostering a more transparent and fair marketplace.

As MahaRERA moves forward with enforcing the disclosure of builders' bank details, stakeholders anticipate improved compliance with regulatory requirements and enhanced accountability among developers. The initiative is poised to bring about positive changes in the real estate ecosystem, promoting trust and reliability in transactions and contributing to the overall growth and stability of the sector.

Infrastructure Urban

02 Jun 2026

VECV Sales Rise 7.8 Per Cent In May 2026

VE Commercial Vehicles recorded sales of 7,978 units in May 2026, compared to 7,401 units in May 2025, registering growth of 7.8 per cent. This included 7,789 units from the Eicher brand and 189 units from the Volvo brand.Eicher branded trucks and buses reported sales of 7,789 units during the month, up 7.3 per cent from 7,258 units a year earlier. In the domestic commercial vehicle market, Eicher sales rose 9.1 per cent to 7,375 units from 6,758 units in May 2025.Exports declined 17.2 per cent to 414 units from 500 units in the corresponding month last year. Volvo Trucks and Volvo Buses recor..

Table Space Strengthens DESYN Leadership Team

Table Space has announced strategic leadership appointments within DESYN, its integrated Design and Build business, as it looks to strengthen operations across key enterprise and GCC markets in India. DESYN was launched as a strategic extension of Table Space’s workspace solutions portfolio to meet rising demand for agile, high-quality and rapidly deployable enterprise workspaces.Shruti Ookabhoy has joined DESYN as Executive Director and will lead the Design vertical, focusing on design capability, operational excellence and team development across markets. She brings over 22 years of experi..

Concord Associate Bags Rs 2.79 Bn Kavach Order

Concord Control Systems said its associate company, Progota India, has received a Rs 2.79 bn domestic order from Indian Railways for the supply, installation, testing and commissioning of on-board Kavach 4.0 loco equipment.The order is scheduled for execution within 12 months and strengthens Concord’s role in India’s railway safety and signalling ecosystem. Kavach is India’s indigenous automatic train protection system, designed to improve operational safety by helping prevent signal passing at danger and reducing collision risks.Gaurav Lath, Joint Managing Director, Concord Control Syst..