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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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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Legal Scrutiny of Maharashtra RERA’s Quality Assurance Guidelines for Real Estate Ventures: A Comprehensive Analysis

Introduction: The Maharashtra Real Estate Regulatory Authority (MahaRERA) has taken a significant step towards enhancing the quality of construction and ensuring superior housing for consumers by introducing a consultation paper outlining a Framework for Quality Assurance Reporting (FQA) in the real estate sector. This framework aims to prevent defects, minimize the need for costly rework,…

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Building Better: Maharashtra RERA Launches Quality Assurance Initiative

The Maharashtra Real Estate Regulatory Authority (MahaRERA) has taken a monumental step towards revolutionizing the real estate landscape with its groundbreaking Quality Assurance Framework. This ambitious initiative aims to not just ensure quality construction, but to fundamentally reshape the buyer experience, making it transparent, informed, and empowering. Let’s delve deeper into the framework’s layers and…

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