MahaRERA issues warrants for ₹633cr against errant builders
The Times of India Mumbai|February 15, 2022
The Maharashtra Real Estate Regulatory Authority (MahaRERA) has, over the past four years, issued recovery warrants worth Rs 633 crore against errant developers, with Mumbai's suburbs accounting for the highest value.
Nisha Nambiar
MahaRERA issues warrants for ₹633cr against errant builders

Mumbai: The action, taken in coordination with 13 collectorates, including those in Mumbai and Pune, involved 717 such warrants to expedite refunds to flat purchasers.

Mumbai suburban area led the pack with 302 such recoveries, followed by Pune (162) and Thane (99). The warrants were issued in relation to 256 projects, of which 83 are in Pune, followed by 63 in Mumbai suburban and 41 in Thane. The other collectorates involved include Raigad, Alibaug, Palghar, Mumbai city, Nagpur, Aurangabad, Nashik, Sindhudurg and Satara.

This story is from the February 15, 2022 edition of The Times of India Mumbai.

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This story is from the February 15, 2022 edition of The Times of India Mumbai.

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