+
MREAT Adjusts RERA's Directive, Neelkamal Realtors Promoter to Compensate for Flat Delay
Real Estate

MREAT Adjusts RERA's Directive, Neelkamal Realtors Promoter to Compensate for Flat Delay

The Maharashtra Real Estate Appellate Tribunal (MREAT) has modified a ruling by the Real Estate Regulatory Authority (RERA), impacting Neelkamal Realtors. The promoter of the real estate project is now mandated to provide compensation for delays in delivering flats. This adjustment reflects the evolving dynamics of real estate regulations in Mumbai. Neelkamal Realtors faces financial implications due to project completion delays, a critical concern for homebuyers. The move underscores RERA's commitment to protecting consumer interests and ensuring timely project deliveries in the real estate sector.

The Maharashtra Real Estate Appellate Tribunal (MREAT) has modified a ruling by the Real Estate Regulatory Authority (RERA), impacting Neelkamal Realtors. The promoter of the real estate project is now mandated to provide compensation for delays in delivering flats. This adjustment reflects the evolving dynamics of real estate regulations in Mumbai. Neelkamal Realtors faces financial implications due to project completion delays, a critical concern for homebuyers. The move underscores RERA's commitment to protecting consumer interests and ensuring timely project deliveries in the real estate sector.

Next Story
Infrastructure Urban

Epigral Posts Q1FY26 Revenue of Rs 6.15 Bn; PAT Surges to Rs 1.60 Bn

Epigral, India’s integrated chemical major, reported revenue of Rs 6.15 billion for the quarter ended June 30, 2025, compared to Rs 6.54 billion in Q1FY25—a 6 per cent year-on-year decline, driven by softer volumes and lower realisations. Despite this, the company maintained a stable EBITDA margin of 27 per cent, supported by efficiency gains and an improved product mix. EBITDA stood at Rs 1.63 billion, a 7 per cent dip over the previous year.Profit after tax (PAT) for the quarter stood at Rs 1.60 billion, benefiting from a Rs 810 million decrease in deferred tax liability. Excluding this,..

Next Story
Infrastructure Urban

GHV Infra Bags Rs 26.45 Bn UAE Contract for Smart Manufacturing Hub

GHV Infra Projects, a prominent player in EPC and turnkey infrastructure execution, has received a Letter of Award (LOA) from Rana Exim FZ-LLC for the development of industrial and commercial buildings at the Erisha Smart Manufacturing Hub, located in the Ras Al Khaimah Economic Zone (RAKEZ), UAE. Valued at approximately Rs 26.45 billion, the contract is expected to be completed within 24 months, excluding a 90-day setup and mobilization period.Commenting on the achievement, Jahid Vijapura, Group Chairman of GHV Group, stated, “As GHV Group, we continue to strive to 'Build Value' by taking u..

Next Story
Infrastructure Energy

Shakti Pumps Begins FY26 Strong with Solar, Export Momentum

Shakti Pumps (India) (SPIL) reported a robust performance for the quarter ended 30 June 2025, driven by steady execution in the solar pump segment, rising exports, and on-going investments in capacity expansion and technology.Chairman Dinesh Patidar expressed confidence in the company’s strategic direction, citing strong results in Q1 FY26 as a reflection of Shakti’s diversified business model. The company maintained its leadership in the PM-KUSUM scheme with an estimated 25 per cent market share across major agricultural states, including Maharashtra, Madhya Pradesh, Rajasthan, Haryana, P..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Talk to us?