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Mumbai: Follow-up on flat buyers’ compensation orders has resulted in recovery of Rs 101 crore from developers Maharashtrathe real estate regulator for the state said on Thursday.
maharashtra real estate regulator authority (Maharera) regularly passes orders against developers who have not completed projects and enforces them by sending warrants for recovery to district collectors, it said in a statement.
The follow-up since December resulted in the involvement of developers in 118 projects across Mumbai city, Mumbai suburbs. Pune and Raigarh paid Rs 100.56 crore.
A total of 594 warrants were issued to recover Rs 413.79 crore from developers in the four districts, the statement said.
In Mumbai city, Rs 11.42 crore was recovered against a demand of Rs 44.92 crore in 14 warrants in 3 warrants, while Rs 55.57 crore was recovered in Mumbai suburbs against demands of Rs 255.84 crore in 343 through 80 warrants. Warrant.
MahaRERA said it receives complaints for non-delivery of units as per the specified timeline, abandoning a project and poor quality of housing units, after which it hears and finally recovers the amount.
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