Latest News | MahaRera Asks 13 Districts to Ensure Home Buyers Get Rs 730 Cr in Compensations

Mumbai, Dec 14 (PTI) Maharashtra's real estate regulator has asked 13 district collectors to ensure that compensation payments totalling Rs 730 crore awarded to home buyers, who got duped by developers, reach the affected parties.

The Maharashtra Real Estate Regulatory Authority (MahaRera) has also appointed a retired additional district collector to follow-up in such cases where dues have been pending, an official statement said.

Also Read | 5G Rollout: Delhi, Mumbai Among 50 Cities To Have 5G Services, Says MoS for Telecommunications Devusinh Chauhan.

The body said in the last five years, it has issued 733 warrants in which developers have been asked to pay Rs 729.68 crore in compensation payments to home buyers who approached MahaRera after developers did not keep up their promises.

It has written to 13 district collectors to ensure that the duped home buyers get the compensations awarded by the regulator over the last few years, it said.

Also Read | MPPEB Recruitment 2023: Vacancies Notified for 2716 Assistant, Stenographer and Other Posts at peb.mp.gov.in, Check Eligibility, Last Date, and Other Details Here.

The 13 districts to which the request has been made from MahaRera include Mumbai city, Mumbai suburbs, Thane, Pune, Raigad, Palghar, Aurangabad, Nagpur, Nashik, Chandrapur, Sindhudurg, Satara and Ratnagiri, it said.

The compensations have been awarded for shortcomings like not delivering possession at scheduled time, abandoning a project midway or inferior quality of construction, as per the statement.

(The above story is verified and authored by Press Trust of India (PTI) staff. PTI, India’s premier news agency, employs more than 400 journalists and 500 stringers to cover almost every district and small town in India.. The views appearing in the above post do not reflect the opinions of LatestLY)