Particle.news
Download on the App Store

MahaRERA Unveils Time-Bound SOP To Enforce Homebuyer Compensation

The move answers Bombay High Court directives by setting a path from non-compliance to asset attachment, culminating in potential civil court action.

Overview

  • Developers are expected to pay within 60 days of an order, so buyers file a non-compliance application if payment does not arrive.
  • MahaRERA will hear non-compliance applications within four weeks and may give a short final deadline before seeking an affidavit of assets.
  • The authority can issue a recovery warrant to the District Collector to attach or seize the developer’s assets and bank accounts.
  • Cases of persistent default will be sent to the Principal Civil Court under the Code of Civil Procedure, with possible imprisonment of up to three months.
  • The SOP aims to close the enforcement gap and restore buyer confidence, though experts warn of vague timelines and limited tracking on the recovery warrant portal.