“MahaRERA Orders Rs 90 Crore Recovery in Palais Royale Dispute”

Dated on: Monday 18th August 2025

MahaRERA has issued recovery warrants worth Rs 90 crore against Honest Shelters Pvt Ltd, the developer of the stalled luxury project Palais Royale in Mumbai. The action follows multiple complaints from homebuyers who alleged delays and non-compliance. The authority directed district collectors to recover the amount as arrears of land revenue to ensure buyers get relief. The landmark move highlights MahaRERA’s firm stance on enforcing accountability in high-value projects and protecting consumer interests, especially in long-pending disputes involving premium developments.