Rs 160 crore recovered from builders!

The Maharashtra Real Estate Regulatory Authority has been doing great work so far. It is gratifying to see the decisions taken by that department. Maha RERA is completely supportive of buyers. Hence, it is becoming a nightmare for corrupt builders. It has collected about Rs. 160 crore from 117 projects. Do you know why? It has issued about 237 recovery warrant orders for the years 2023–24. It has now created a record by collecting around Rs. 160 crore from them.

Also, aspiring buyers are eagerly waiting to see when our TS RERA will work at this level. In February, the Union Housing Ministry directed all states to speed up the process of recovery warrant orders under the Real Estate Regulatory Act. But, as usual, our TS-RERA does not pay much attention to such orders.