Tag: rera refund process

MahaRERA’s Hardest Crackdown EverMahaRERA’s Hardest Crackdown Ever

November 25, 2025November 25, 2025 | adminadmin | 0 Comment | 12:41 am

Developers May Now Face Jail for Not Paying Homebuyers!

New SOPs, Stricter Penalties & Faster Recovery — Here’s Everything You Must Know

For the first time, MahaRERA (Maharashtra Real Estate Regulatory Authority) has issued a strong warning:
👉 Developers can go to jail if they repeatedly ignore compensation orders or fail to reveal their assets.

This is a historic step — and a massive win for homebuyers who have been waiting years for refunds, delayed possession compensation, or interest.

Why This News is VIRAL

Because this is the first time a real estate regulator in India has openly signaled criminal consequences for developers who hide assets or refuse to pay.
This can completely change the buyer–developer power balance in Maharashtra’s property market.

What Triggered This Tough Decision?

Thousands of homebuyers who won cases under RERA were still not getting their money, because developers simply:

  • Ignored the order
  • Delayed endlessly
  • Claimed “no funds”
  • Or hid their movable & immovable assets

Now MahaRERA says: Enough.

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The New SOPs: What Actually Happens Now?

1️⃣ 60-Day Deadline to Pay Buyers

Once MahaRERA orders a developer to pay:

  • Refund
  • Compensation
  • Interest for delayed possession

👉 They MUST pay within 60 days.

If they don’t?
Buyers can file a non-compliance complaint.

2️⃣ MahaRERA Will Decide Within Four Weeks

The regulator now has a strict deadline:
4 weeks to examine the developer’s non-compliance.

If the developer is guilty → action begins immediately.

3️⃣ Developer Gets “Reasonable Time” to Pay — ONE LAST CHANCE

MahaRERA may give them a short, reasonable period to make the payment.
But if they fail again…

4️⃣ Developers MUST Reveal All Assets

MahaRERA will force developers to submit — via affidavit:

  • Movable assets (cars, jewellery, machinery)
  • Immovable property (land, flats, plots)
  • Investments
  • Bank accounts & balances
  • Company assets

This is the game changer. Many developers earlier hid assets to avoid paying.

5️⃣ Attachment of Assets & Bank Accounts

If payments still don’t happen:

  • A Recovery Warrant will be issued
  • District Collector will seize properties
  • Bank accounts can be frozen
  • Assets can be auctioned

This is similar to how the government recovers taxes.

6️⃣ Jail Is Now a Real Possibility

If a developer keeps ignoring orders OR refuses to reveal assets:

➡️ MahaRERA can initiate criminal proceedings
➡️ Jail term becomes a genuine risk

This is what’s making headlines — and rightly so.

https://maharera.maharashtra.gov.in/

 

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