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MahaRERA Cancels Registration of 18,700 Property Agents Over Compliance Failures

Tuesday 20th May 2025

MahaRERA has cancelled the registration of nearly 18,700 property agents in Maharashtra due to non-compliance with renewal and training requirements. Out of over 50,000 agents registered since 2017, around 32,000 remain active. The crackdown affected major areas like Mumbai, Thane, and Pune. Agents are now required to complete certified training covering legal processes and buyer protection norms. This move is part of MahaRERA’s broader effort to promote professionalism and accountability in the real estate sector by ensuring that only qualified and compliant agents operate in the market. ...

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Odisha Appoints Usha Padhee as Interim ORERA Chairperson Amid Leadership Vacancies

Tuesday 13th May 2025

The Odisha government has appointed Usha Padhee, Principal Secretary of the Housing and Urban Development Department, as the interim chairperson of the Odisha Real Estate Regulatory Authority (ORERA). This move follows the retirement of the last serving member, Gopal Chandra Patnaik, and earlier exit of chairperson Siddhanta Das and member Pradeep Biswal, leaving the authority vacant. Padhee’s appointment ensures continuity in ORERA’s operations, including project approvals and regulatory oversight. She will serve under provisions of the Real Estate (Regulation and Development) Act, 2016, until further notice. Permanent appointments are reportedly finalized and awaiting clearance from the Chief Minister’s Office. ...

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MREAT Overrules MahaRERA, Says Winter Green Disputes Not Subject to Arbitration

Tuesday 13th May 2025

The Maharashtra Real Estate Appellate Tribunal (MREAT) has overturned MahaRERA’s 2022 decision directing 36 homebuyers in Mumbai’s Winter Green project to settle disputes through arbitration. MahaRERA had relied on arbitration clauses in agreements signed between 2012 and 2016. However, MREAT ruled that disputes under the Real Estate (Regulation and Development) Act, 2016, are not subject to arbitration, even if such clauses exist. The tribunal clarified that RERA provisions override prior agreements and apply retrospectively. The case has been sent back to MahaRERA for fresh consideration based on its merits, reinforcing homebuyers' right to seek remedies under RERA. ...

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Rajasthan Launches Eight Residential Projects Across Jaipur and Other Cities

Tuesday 13th May 2025

Rajasthan’s Urban Development and Housing Minister, Jhabar Singh Kharra, launched eight residential projects on May 12, 2025, including three by the Jaipur Development Authority (JDA) and five by the Rajasthan Housing Board (RHB). JDA’s schemes offer 765 plots in Jaipur, including Ganga Vihar, Yamuna Vihar, and Saraswati Vihar, with prices ranging from Rs 14,000 to Rs 15,500 per sqm. RHB’s projects include high-income group flats in Jaipur and independent houses in Baran, Bundi, and Dholpur, with prices ranging from Rs 8 lakh to Rs 90.4 lakh. Applications for the JDA plots are open until June 12, 2025. ...

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UP RERA Warns Builders Against Giving Possession of Unfinished Flats

Monday 12th May 2025

Uttar Pradesh RERA has warned builders against giving possession of incomplete flats, often called "canvas flats," to homebuyers. These units typically lack basic amenities like flooring, plumbing, electrical fittings, and kitchen fixtures. Issued on May 8, 2025, the directive follows several complaints from buyers who received such unfinished homes. UP RERA emphasized that handing over incomplete units violates the Real Estate (Regulation and Development) Act, 2016. The authority has instructed promoters to ensure that flats are fully completed as per approved plans and promised specifications before possession is granted to maintain buyer trust and legal compliance. ...

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Odisha RERA Falls Inactive After Last Member's Exit, Stalling Real Estate Functions

Monday 12th May 2025

The Odisha Real Estate Regulatory Authority (ORERA) has become defunct after its last serving member, Gopal Chandra Patnaik, retired on May 9, 2025. Earlier, Chairperson Siddhanta Das and Member Pradeep Biswal also exited, leaving the authority without any officials. This has stalled project registrations and grievance redressal, troubling homebuyers. The Housing and Urban Development Department is in the process of appointing new members. Concerned citizens have approached the courts, with the Orissa High Court issuing a notice to the state government. Activists stress the need for ORERA’s swift revival to maintain real estate regulation in the state. ...

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B L Kashyap Secures ₹ 510 Crore Contract for Sky Palazzo Residences in Gurugram

Monday 12th May 2025

B L Kashyap & Sons Ltd. has won a Rs 510 crore contract from Fidatocity Homes to build the Sky Palazzo Residences in Gurugram's Sector 88B. The project, covering 28.3 lakh sq. ft., is expected to be completed in 33 months. Vineet Kashyap, the Managing Director, emphasized the importance of the National Capital Region (NCR) in the company’s expansion plans. The development will offer luxury living with modern amenities, contributing to Gurugram's growing real estate market. This contract strengthens B L Kashyap’s order book and supports its ongoing growth in the sector. ...

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MahaRERA Struggles With 7,500+ Pending Cases Amid Slow Enforcement

Monday 12th May 2025

Maharashtra RERA is facing a backlog of over 7,500 pending complaints, causing major delays in hearings and enforcement. Despite efforts by Chairman Manoj Saunik to speed up the process by addressing up to 200 cases daily, the shortage of benches limits progress. Recovery warrants worth over Rs 700 crore remain largely unenforced due to non-compliance by developers and sluggish action from revenue authorities. This has left many homebuyers waiting for justice, with growing calls for stronger enforcement powers and stricter penalties to ensure accountability in the real estate sector. ...

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Andhra Pradesh’s Town Planning Overhaul Slows Down Building Plan Approvals

Friday 9th May 2025

The Andhra Pradesh government's revamp of town planning regulations, aimed at curbing corruption and improving the approval process, has unintentionally slowed down building plan approvals. The new system requires licensed technical personnel (LTPs) to design, upload, and monitor plans. However, the introduction of strict penalties, including criminal liability for accidents during construction, has led to reluctance among LTPs. As a result, the number of building plan applications has dropped, with only about 100 applications being processed in April, compared to 300-400 in previous months. ...

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Lucknow Allocates ? 500 Crore for Smart City and Infrastructure Development

Friday 9th May 2025

The Lucknow Municipal Corporation has approved a Rs 500 crore budget for upgrading infrastructure and advancing smart city initiatives. The funding, from the 15th Finance Commission, Smart City Mission, and Chief Minister’s urban renewal programs, was approved in a recent meeting. Key investments include Rs Rs 64.5 crore for air quality improvements, RS 173 crore for solid waste management, Rs 160 crore for infrastructure projects like lake cleaning and drainage systems, and Rs 11.05 crore for urban beautification efforts such as park development and urban forests. These projects aim to enhance the city's sustainability and livability. ...

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ED Attaches Rs 2,348 Crore Assets in WTC Group Money Laundering Case

Friday 9th May 2025

The Enforcement Directorate has attached assets worth Rs 2,348 crore linked to WTC Group firms and promoter Ashish Bhalla in a money laundering case. The attached properties include land and unsold real estate in Delhi-NCR and residential units in Goa. The case is based on multiple FIRs accusing Bhalla of cheating over 12,000 investors by promising assured returns and raising more than Rs 2,700 crore. Investigations revealed that a large portion of the funds was diverted, including transfers to overseas entities in Singapore connected to Bhalla’s family. He was arrested in March as part of the ongoing investigation. ...

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Odisha RERA Urges Government to Enforce Consent Rules for Building Plan Changes

Friday 9th May 2025

The Odisha Real Estate Regulatory Authority (ORERA) has requested the state government to ensure that planning authorities enforce regulations requiring promoters to obtain consent from two-thirds of allottees before modifying approved building plans. ORERA noted cases where changes were made without approval from buyers, leading to issues such as altered access or roads passing through unauthorized land. The authority stressed that the provisions of the Real Estate (Regulation and Development) Act, 2016, should take precedence over local development laws to safeguard the interests of homebuyers. ...

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MahaRERA Becomes First in India to Register Over 50,000 Housing Projects

Friday 9th May 2025

MahaRERA has registered over 50,000 housing projects, marking the highest in India and accounting for about 35% of the country’s total under RERA. The Konkan region, which includes Mumbai, has the most registrations, followed by Pune. Districts like Thane, Raigad, and Mumbai suburbs also contribute significantly. Launched in 2017 under the RERA Act, MahaRERA promotes transparency in real estate. The steady rise in project numbers reflects Maharashtra’s growing housing demand and ongoing urban growth, according to its chairman. ...

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Maharashtra Government Approves Conversion of 2.1 Lakh Sq. Meters of Land for Maha Metro

Thursday 8th May 2025

The Maharashtra government has approved converting 2.1 lakh square meters of leasehold land into ownership for Maha Metro. The land, located in Pune, Pimpri-Chinchwad, and Nagpur, was previously leased for 30 years. This conversion enables Maha Metro to use the land for commercial developments such as affordable housing, schools, and hospitals. The decision aims to generate revenue, helping the metro projects meet financial obligations and repay international loans. This move is expected to improve the financial sustainability of metro operations in these cities. ...

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BBMP Sets New Record with Rs 1,417 Crore Property Tax Collection in April 2025

Thursday 8th May 2025

In April 2025, the Bruhat Bengaluru Mahanagara Palike (BBMP) achieved a record property tax collection of Rs 1,417 crore, marking its highest-ever monthly revenue. This success is attributed to improved digital payment options, awareness campaigns, and tighter enforcement strategies. Property owners were encouraged to pay early through incentives and streamlined services, leading to higher compliance. BBMP officials expressed optimism that this momentum would continue in the coming months, helping them reach their annual revenue goals. The achievement reflects a positive shift in public participation and administrative efficiency in Bengaluru’s tax collection system, strengthening the city’s financial stability and civic infrastructure plans. ...

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