India News: The housing ministry advises state governments to follow the 'Gujarat model' for effective recovery of dues from non-compliant builders. Gujarat Rera
The real estate sector s Budget 2024 wish list includes an expansion of the definition of affordable housing, industry status and tax sops for homebuyers
The Maharashtra Real Estate Regulatory Authority (MahaRERA) Conciliation Forum has settled almost 30% of the disputes it received in the past three years. Find out more about the work of the forum and the organizations involved.
The regulatory authority had issued 1,053 warrants to recover ₹627.70 crore from developers for delay in the handing over of the apartments, with a warning to freeze their bank accounts and attach assets.
Real estate regulators issue recovery orders against developers who have failed to hand over possession of properties to homebuyers. District collectors are responsible for the execution of the warrants. However, many of these orders are not being complied with. Homebuyers and their associations have been raising concerns over non-enforcement of these orders.