Maharera Rules Circular Applies Retroactively

11 Apr 2024 CW Team

In a significant ruling, the Maharashtra Real Estate Regulatory Authority (Maharera) has declared that a circular issued in 2022 applies retrospectively. This decision carries implications for real estate developers and homebuyers alike, as it affects ongoing projects that were initiated before the issuance of the circular.

The circular in question, issued by Maharera in 2022, pertains to certain regulations and guidelines governing real estate projects in Maharashtra. By ruling that the circular applies retroactively, Maharera has clarified that its provisions are not limited to projects initiated after the issuance of the circular but also encompass ongoing projects.

This decision by Maharera underscores the authority's commitment to ensuring compliance with regulatory standards and promoting transparency and accountability in the real estate sector. It aims to provide clarity and consistency in the application of regulations, thereby safeguarding the interests of homebuyers and ensuring the orderly development of real estate projects in Maharashtra.

The retrospective application of the circular may have implications for developers who are required to adhere to the regulations outlined in the circular for ongoing projects. It also serves as a reminder to developers to maintain transparency and compliance with regulatory requirements throughout the lifecycle of their projects.

Overall, Maharera's ruling on the retrospective application of the 2022 circular signifies a proactive approach towards strengthening regulatory oversight and promoting consumer protection in the real estate market. It underscores the authority's commitment to upholding the principles of fairness and accountability in the real estate sector in Maharashtra.

Infrastructure Urban

08 Apr 2026

UniAcoustic, Vicoustic Form UniVicoustic Alliance

UniAcoustic, part of United Group, has acquired a strategic stake in Portugal-based Vicoustic, forming a new alliance branded as UniVicoustic. The agreement, signed in Mumbai, marks a significant cross-border partnership aligned with evolving India–EU trade dynamics.The collaboration brings together Vicoustic’s global expertise in architectural acoustic products with UniAcoustic’s manufacturing scale and distribution capabilities. The combined platform aims to expand market reach, integrate technology and optimise supply chains across key regions.The development comes amid progress in th..

Dalmia Bharat, Delhi PWD Revamp Under-Flyover Spaces

Dalmia Bharat has partnered with the Public Works Department (PWD), Government of Delhi, to redevelop select under-flyover spaces and a road stretch into sustainable urban hubs. The agreement covers key locations including Lodhi Flyover, Oberoi Flyover, Mangi Bridge and Hanuman Setu.Under the initiative, the company will undertake design, landscaping, plantation and long-term maintenance of the sites, with a defined upkeep period of three years after completion. The project aims to improve urban aesthetics while promoting environmental sustainability and biodiversity restoration in high-densit..

Versigent Debuts as Independent NYSE-Listed Company

Versigent has launched as an independent publicly traded company following its separation from Aptiv, with shares commencing trading on the New York Stock Exchange under the ticker “VGNT”. The move marks a significant milestone in the company’s transition into a standalone global player in power distribution systems.The company specialises in the design, manufacturing and delivery of low- and high-voltage electrical architectures, supported by engineering centres across four continents and manufacturing operations in over 25 countries.Versigent reported revenues of $8.8 billion, net inco..