Office of Aditya Pratap

COMPLAINING THE GRIEVANCE UNDER MahaRERA

Introduction: For successful regulation of all elements of real estate throughout the nation the parliament came up with a consolidated law named The Real Estate (Regulation and Development) Act, 2016 herein referred to as “Act”. The prime object of the Act is the regulation, promotion, and solution of grievances raised by the person interested in…

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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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The Financial Burden of Land Acquisition: Exploring Kerala’s Case in National Highway Development

Introduction: The recent disclosure by the Ministry of Road Transport and Highways has shone a light on the unequal financial burden borne by states in national highway development projects. While the Central government typically finances the majority of such undertakings, a new policy requiring states to share 25% of land acquisition costs has had a…

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Unveiling the Strategy: Canara Bank and Bank of Maharashtra’s Bond Sale and its Financial Implications

 Introduction: In a significant move to address their capital adequacy needs and enhance liquidity, Canara Bank (Canbank) and Bank of Maharashtra (BoM) have announced plans to raise a combined ₹4,500 crores through bond issuances. This development comes at a time when the Indian banking sector is facing challenges due to rising non-performing assets (NPAs) and…

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From Limbo to Luxury: SC Order Paves the Way for Palais Royale, but Regulatory Shadows Linger

From Limbo to Luxury: SC Order Paves the Way for Palais Royale, but Regulatory Shadows Linger

Introduction In a landmark decision, the Supreme Court of India has given life to the glamorous, but long-delayed project of Palace Royale. His green signal for the e-auction of this unfinished luxury skyscraper opens the door not only to the completion of the tower, but to important discussions about the rules governing Indian real estate…

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A Plea for Resurgence: NAREDCO’s Pre-Budget Recommendations for India’s Real Estate Sector

India’s real estate sector, once a vibrant engine of the nation’s economic juggernaut, has in recent years grappled with significant challenges. Stalled projects, liquidity constraints, and a complex regulatory landscape have dampened investor confidence and impeded market growth. However, hope for revival flickers brightly in the pre-budget recommendations submitted by the National Real Estate Development…

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Affordable Housing Finance: A Strong Case for India Shelter Finance

Introduction: India is witnessing a significant rise in its urban population, fuelled by economic growth and migration. This urbanization has created a substantial demand for affordable housing, particularly among the middle class and low-income segments. Addressing this demand requires innovative financial solutions and dedicated institutions like India Shelter Finance (ISF). The Indian government has recognized…

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