+
MahaRERA Recovers Rs 2 Bn for Homebuyers from Realtors
Real Estate

MahaRERA Recovers Rs 2 Bn for Homebuyers from Realtors

The Maharashtra Real Estate Regulatory Authority (MahaRERA) announced that it has successfully recovered over Rs 2 billion from developers to compensate homebuyers for their losses. The authority also outlined plans to intensify its recovery efforts further.

MahaRERA issued 1,163 warrants across the state to recover a total of Rs 7 billion, of which Rs 2 billion has been collected from 283 warrants involving 139 real estate projects, as stated in an official release.

Of the recovered amount, Rs 378 crore is due from Mumbai suburban and Pune, where specific efforts are underway to expedite the recovery process, including the appointment of retired Tahsildars (revenue officials) in the offices of district collectorates in these regions.

From the Rs 200 crore recovered, Mumbai city contributed Rs 46.47 crore from 22 warrants in 13 projects, while Mumbai suburban contributed Rs 76.33 crore from 85 warrants in 42 projects. Pune saw Rs 39.10 crore collected from 57 warrants in 36 projects.

MahaRERA's recovery efforts have faced delays in Mumbai suburban and Pune, where notices have been issued for Rs 304.45 crore and Rs 189.82 crore, respectively. The authority has appointed retired Tahsildars on a pilot basis to assist with recovery in these areas.

The Real Estate (Regulation and Development) Act, 2016, grants the District Collector's office the authority to recover dues as land revenue arrears if developers fail to pay compensation within the prescribed time.

The Maharashtra Real Estate Regulatory Authority (MahaRERA) announced that it has successfully recovered over Rs 2 billion from developers to compensate homebuyers for their losses. The authority also outlined plans to intensify its recovery efforts further. MahaRERA issued 1,163 warrants across the state to recover a total of Rs 7 billion, of which Rs 2 billion has been collected from 283 warrants involving 139 real estate projects, as stated in an official release. Of the recovered amount, Rs 378 crore is due from Mumbai suburban and Pune, where specific efforts are underway to expedite the recovery process, including the appointment of retired Tahsildars (revenue officials) in the offices of district collectorates in these regions. From the Rs 200 crore recovered, Mumbai city contributed Rs 46.47 crore from 22 warrants in 13 projects, while Mumbai suburban contributed Rs 76.33 crore from 85 warrants in 42 projects. Pune saw Rs 39.10 crore collected from 57 warrants in 36 projects. MahaRERA's recovery efforts have faced delays in Mumbai suburban and Pune, where notices have been issued for Rs 304.45 crore and Rs 189.82 crore, respectively. The authority has appointed retired Tahsildars on a pilot basis to assist with recovery in these areas. The Real Estate (Regulation and Development) Act, 2016, grants the District Collector's office the authority to recover dues as land revenue arrears if developers fail to pay compensation within the prescribed time.

Related Stories

Gold Stories

Next Story
Real Estate

The Energy-Smart Buildings

Passive design is an integral part of energy-efficient architecture. Sophisticated building systems also contribute to this end. But what role do materials play in enhancing a building’s energy-efficiency?“Material selection is one of the earliest opportunities to influence how a building performs,” says Tejbeer Singh, Principal Architect & Founder, Expressionist by Tejbeer Singh. “The objective is not simply to select materials that look appropriate but to understand how they behave within the climate and construction system.”To read the full article Click Here ..

Next Story
Infrastructure Transport

When the Lowest Bid Comes at a Cost

India's infrastructure sector is building at a scale few markets can match. New highways, expressways, metros, bridges and complex engineering projects are transforming the country's landscape. Yet, behind this rapid expansion is a growing concern within the contracting community: Can infrastructure be delivered sustainably when competition pushes prices below commercially viable levels?For Praveen Sethia, Founder & Director, Infra Advisors, who moderated the discussion, the question goes beyond the contractor's commercial interests. Contractors may be one of the two parties to a contract,..

Next Story
Real Estate

Ultra-Luxury Projects Reshape Gurugram’s Housing Market

Gurugram’s luxury housing market has expanded beyond its traditional prime locations, with corridors such as Dwarka Expressway and Golf Course Extension Road emerging as key centres for premium residential development. Larger homes, integrated developments and amenity-led communities are attracting demand from end-users and investors.A 2025 report by Sotheby’s International Realty in collaboration with CRE Matrix identified Gurugram as India’s fastest-growing ultra-luxury housing market. The city overtook Mumbai in total sales value for homes priced above Rs 10 crore, recording nearly Rs..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

SPECIAL OFFER
QR Code