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MahaRERA directs district collectors to ensure compensations are paid

In a bid to ensure homebuyers approaching the MahaRERA REAT are receiving justice, the MahaRERA authorities have directed district collectors to follow up on cases where dues are pending from the builders. The authorities have also appointed a retired additional district collector to double check on pending cases. The MahaRERA regulator has asked 13 district collectors to ensure that all compensation payments are made as swiftly as possible. These districts include Pune, Thane, Palghar, Aurangabad, Nagpur, Nashik, Chandrapur, Sindhudurg, Satara, Ratnagiri, Mumbai City and Mumbai Suburban.

In last five years over 730 warrants have been issued which total to approximately Rs 730 crores in compensation payments due from developers to homebuyers. The compensations have been awarded for shortcomings such as delayed possession, abandonment of project, inferior quality of construction, changes in project plans, etc.

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