MahaRERA Recovers ₹268.87 Crore for Homebuyers Since 2017

The Maharashtra Real Estate Regulatory Authority has enabled significant compensation recovery for homebuyers over the past 8 years, working with district administrations to enforce awards issued against developers. 

Recovery Status and Pending Cases 

Since its inception in May 2017, Maharashtra Real Estate Regulatory Authority has issued recovery orders amounting to ₹792 crore in favour of 1,291 complainants. Of this, ₹268.87 crore has been recovered with the assistance of district collectors across the state. 

Recovery proceedings for cases involving about ₹103 crore remain stalled as these matters are currently pending before the National Company Law Tribunal, which has placed restrictions on execution. 

District-wise Performance 

Among districts, Mumbai Suburban recorded the highest recovery at ₹112 crore against total dues of ₹352 crore. Mumbai City recovered ₹53 crore out of ₹104 crore due, while Pune saw ₹47 crore recovered against dues of ₹196 crore.  

Thane City recovered ₹23 crore out of ₹74 crore, and Alibaug recovered ₹9.5 crore against ₹24 crore due. Several districts achieved complete recovery of awarded compensation, including Nashik with ₹4.90 crore, Sindhudurg with ₹72 lakh, Solapur with ₹12 lakh and Chandrapur with ₹9 lakh. 

Role in Enforcement 

MahaRERA functions as a quasi-judicial body that adjudicates complaints and issues recovery orders. Execution of these orders is carried out by the state’s revenue machinery, primarily through district collectors, when developers do not comply within the stipulated timelines. 

Read More: Ladki Bahin Yojana E-KYC Deadline Tomorrow (Dec 31): What Beneficiaries Must Do? 

Conclusion 

With ₹268.87 crore recovered over eight years and multiple districts achieving full recovery, MahaRERA’s framework has enabled compensation enforcement for homebuyers, even as a portion of dues remains tied up in pending insolvency proceedings. 

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