MahaRERA Recovers Rs. 3.69 bn from Developers for Homebuyers
Real Estate

MahaRERA Recovers Rs. 3.69 bn from Developers for Homebuyers

The Maharashtra Real Estate Regulatory Authority (MahaRERA) has recovered Rs. 3.69 bn in compensation for homebuyers across 273 real estate projects, against recovery warrants worth Rs. 10.38 bn issued to developers since 2017. The authority said Mumbai recorded the highest recovery among districts in Maharashtra.

MahaRERA said its recovery rate was 45 per cent, making it the highest among real estate regulatory authorities in India. The regulator issues recovery orders when developers default on property possession or compensation obligations, while the respective district collectors are responsible for executing the warrants.

Since its establishment in May 2017, MahaRERA has issued recovery orders totalling Rs. 10.38 bn for 1,531 complainants. Proceedings involving Rs. 1.05 bn are pending before the National Company Law Tribunal, while cases covering Rs. 1.04 bn fall under the Maharashtra Protection of Interest of Depositors Act. Recovery proceedings involving about Rs. 2.09 bn are therefore currently restricted.

Mumbai accounted for Rs. 2.28 bn of the total amount recovered with assistance from district collectorates. Mumbai Suburban contributed Rs. 1.42 bn and Mumbai City Rs. 858 mn, followed by Pune at Rs. 680 mn, Thane City at Rs. 360 mn and Alibaug at Rs. 120 mn.

Nagpur reported recoveries of Rs. 96.5 mn, while Palghar and Nashik each recorded Rs. 49 mn. Chhatrapati Sambhaji Nagar recovered Rs. 38.4 mn, while Sindhudurg, Solapur and Chandrapur recovered Rs. 5.4 mn, Rs. 1.2 mn and Rs. 900,000, respectively. MahaRERA said these recoveries brought outstanding compensation to zero in the three districts.

Mumbai and Pune together accounted for the largest share of dues, at Rs. 8.78 bn. Mumbai Suburban had outstanding dues of Rs. 4.15 bn, followed by Mumbai City at Rs. 2.31 bn and Pune at Rs. 2.3 bn. Thane, Alibaug, Palghar and Nagpur together accounted for warrants worth more than Rs. 1.46 bn.

The Maharashtra Real Estate Regulatory Authority (MahaRERA) has recovered Rs. 3.69 bn in compensation for homebuyers across 273 real estate projects, against recovery warrants worth Rs. 10.38 bn issued to developers since 2017. The authority said Mumbai recorded the highest recovery among districts in Maharashtra. MahaRERA said its recovery rate was 45 per cent, making it the highest among real estate regulatory authorities in India. The regulator issues recovery orders when developers default on property possession or compensation obligations, while the respective district collectors are responsible for executing the warrants. Since its establishment in May 2017, MahaRERA has issued recovery orders totalling Rs. 10.38 bn for 1,531 complainants. Proceedings involving Rs. 1.05 bn are pending before the National Company Law Tribunal, while cases covering Rs. 1.04 bn fall under the Maharashtra Protection of Interest of Depositors Act. Recovery proceedings involving about Rs. 2.09 bn are therefore currently restricted. Mumbai accounted for Rs. 2.28 bn of the total amount recovered with assistance from district collectorates. Mumbai Suburban contributed Rs. 1.42 bn and Mumbai City Rs. 858 mn, followed by Pune at Rs. 680 mn, Thane City at Rs. 360 mn and Alibaug at Rs. 120 mn. Nagpur reported recoveries of Rs. 96.5 mn, while Palghar and Nashik each recorded Rs. 49 mn. Chhatrapati Sambhaji Nagar recovered Rs. 38.4 mn, while Sindhudurg, Solapur and Chandrapur recovered Rs. 5.4 mn, Rs. 1.2 mn and Rs. 900,000, respectively. MahaRERA said these recoveries brought outstanding compensation to zero in the three districts. Mumbai and Pune together accounted for the largest share of dues, at Rs. 8.78 bn. Mumbai Suburban had outstanding dues of Rs. 4.15 bn, followed by Mumbai City at Rs. 2.31 bn and Pune at Rs. 2.3 bn. Thane, Alibaug, Palghar and Nagpur together accounted for warrants worth more than Rs. 1.46 bn.

Related Stories

Gold Stories

Next Story
Infrastructure Energy

GEON Commissions 10 MW/20 MWh BESS in Jaisalmer

GEON, the future technologies division of Kabra Extrusiontechnik, has commissioned a 10 MW/20 MWh battery energy storage system (BESS) in Jaisalmer, Rajasthan, on an engineering, procurement and construction (EPC) basis.Executed in accordance with the Rajasthan Integrated Clean Energy Policy, 2024, the project covered detailed engineering and design, equipment procurement and supply, installation, testing and commissioning.The system has a power capacity of 10 MW and an energy storage capacity of 20 MWh. It is designed to improve energy management, support grid stability and facilitate the int..

Next Story
Infrastructure Urban

Tembo Lists on BSE, Expands Defence Manufacturing Plans

Tembo Global Industries has listed its equity shares on the Main Board of BSE while expanding its focus on defence manufacturing and unmanned aerial vehicle (UAV) technologies alongside its existing engineering and industrial businesses.Through its subsidiary, Tembo Classic Engineering, the company is developing manufacturing capabilities in small arms and ammunition. Its defence facility in Amravati, Maharashtra, is under development, with commercial production targeted for Q1 FY2028. The subsidiary has obtained government licences for ammunition and small-arms manufacturing.The company is co..

Next Story
Infrastructure Urban

Bondada Gets NSE In-Principle Nod for Main Board Migration

Bondada Engineering has received in-principle approval from the National Stock Exchange of India (NSE) to migrate its equity shares from the BSE SME Platform to NSE’s Capital Market Segment, or Main Board.The approval, conveyed through a letter dated 14 October 2026, follows BSE’s in-principle approval on 9 September 2026 for migration to its Main Board. The company now holds preliminary approvals to establish a presence on the Main Boards of both exchanges.Bondada Engineering will complete the subsequent formalities required under applicable regulatory and stock exchange requirements. The..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

SPECIAL OFFER
QR Code