Promoter Responsibilities under Section 11 of the RERA Act

The enactment of the 2016 Real Estate (Regulation and Development) Act, commonly referred to as RERA, marked a significant shift towards fostering accountability and transparency in India’s real estate sector. Maharashtra, taking a pioneering role, established its regulatory body, the Maharashtra Real Estate Regulatory Authority (MahaRERA), contributing substantially to creating a transactional framework characterized by…

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The Conflict Between RERA and SARFAESI and Their Respective Dominance

Introduction: The expansive nature of the Indian legal framework sometimes results in conflicts between different legislations addressing common subject matters. Such conflicts give rise to a distinct and evolved jurisprudence, aiming to fulfill the objectives of each legislation. This aligns with the legal principle that emphasizes the need for laws to evolve according to requirements….

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Revolutionizing Real Estate Oversight: MahaRERA Introduces Three-Tier Audit System for Housing Projects

A Paradigm Shift in Real Estate Governance In a groundbreaking move, the Maharashtra Real Estate Regulatory Authority (MahaRERA) has unveiled a comprehensive three-tier audit system for housing projects. This initiative signifies a significant paradigm shift in the oversight of real estate developments, aiming to enhance transparency, ensure compliance, and eliminate potential grievances from homebuyers. Scrutiny…

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Advancing Real Estate Excellence: MahaRERA’s Paradigm for Quality Assurance

Introduction: The real estate sector plays a crucial role in shaping urban landscapes, catering to the housing and commercial needs of millions. In the pursuit of delivering top-notch projects and safeguarding the concerns of homebuyers, regulatory bodies such as the Maharashtra Real Estate Regulatory Authority (MahaRERA) have played a pivotal role in formulating frameworks for…

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