The Real Estate (Regulation & Development) Act, 2016, Makes It Mandatory to Have a Single Bank Account for The Project Under One Registration Number. This Is Aimed at Proper Completion of the Registered Housing Projects Without Any Diversion of Funds. 1,781 Projects Have Violated The Rules By Linking Their Bank Accounts To More Than One Project.An Investigation Undertaken By The Maharashtra Real...
MahaRera
Afcons Developers Ltd And Ameya Housing Private Ltd Were Appointed As Co-Developers Of The Slum Rehabilitation Project At Jogeshwari In Suburban Mumbai. MUMBAI: This City Is Not For Developers, And The Slum Rehabilitation Act (SRA) Is Intended To Serve The Purpose Of Public Welfare And Not The Developers, The Bombay High Court Said, Directing Two Developers To Pay Transit Arrears Of Rs. 11 Crore To...
As Per the Officials, Promoters of Projects Have Been Issuing Advertisements of the Projects in Newspapers Without Mentioning the MahaRera Registration the MahaRera Registration Number and They Believe That They Have Not Mentioned the Number, As The Projects Are Not Registered with It. MUMBAI: MahaRera Will Initiate SUO Moto Action Against Projects That Are Advertised Without Registering with It. It Has...