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ARTICLE · 14 FEBRUARY 2024

Statistical Analysis Of Directions Passed Under RERA Act

The Real Estate (Regulation and Development) Act, 2016 ("RERA Act") came into force on 1st May 2017 in order to regulate and promote the real estate sector.

IndiaReal Estate and Construction

INTRODUCTION

The Real Estate (Regulation and Development) Act, 2016 ("RERA Act") came into force on 1st May 2017 in order to regulate and promote the real estate sector.

Seven years later, out of the total 23,423 complaints received by MahaRERA, 67% of the complaints i.e. 15,802 complaints have been decided as per the statistics provided on MahaRERA website. Numerous significant decisions and rulings have aided various stakeholders which have helped to protect their respective rights and promote equality between the parties.

Distribution of complaints received with MahaRERA

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This abstract encompasses analysis of various orders passed by Hon'ble Maharashtra Real Estate Appellate Tribunal ("MREAT") to basically understand what are the key issues that are giving rise to disputes between the developer and an allottee.

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