Recovery warrants issued against developers by MahaRERA

Dated on: Monday 11th June 2018

The Maharashtra Real Estate Regulatory Authority (mahaRERA) has in the last two months issued recovery warrants against developers who failed to comply with its orders to refund home buyers under Section 40(1) of Real Estate (Regulation and Development) Act.

MahaRERA adjudicating Officer BD Kapadnis stated that “Despite the notice, respondents have not appeared to explain why the order has not been complied with. So, it is necessary to issue recovery warrant under section 40(1) of RERA instead of proceeding under Section 63 of the Act. Hence, the recovery warrant is issued and it is being sent to the Collector,”

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