5.5 lakh flats delayed possession by builders in Maharashtra

Dated on: Friday 10th November 2017

Over 5.5 lakh flats in Maharashtra has been delayed possession by the real estate developers. These figures were introduced by the Centre in Bombay High court in order to prove the need and validity of the Act. Around 10% of these flats are delayed by 5 years or more.

The RERA Authority of Maharashtra, MahaRERA, has so far disposed of 110 complaints, majority of which have been against builders for delays in possession of flats.

The few homebuyers of the state have also got compensations with the help of the RERA Authority. 

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