Maha InvIT: A New Era in Infrastructure Financing The Maha InvIT is designed as a trust-based platform to mobilize funds for critical infrastructure projects, including roads, bridges, and urban development initiatives. Structured with components such as a sponsor, investment manager, and project manager, the trust will operate under the guidelines set by the Securities and Exchange Board of India...
by Rajesh Mourya
Justices Revati Mohite Dere and Neela Gokhale of the Bombay High Court voiced concerns regarding MahaRERA's exclusive use of virtual hearings. The court questioned, "What is the difficulty in letting parties appear in person? You will know the grievances of a person face-to-face. Here (online) you don't know…" This observation came during the hearing of a petition filed by Kandivli resident Mayur...
by Rajesh Mourya
In a landmark decision that underscores the growing accountability of builders in India, the Maharashtra State Consumer Disputes Redressal Commission has ordered Golden Dreams Builders Pvt Ltd to pay over ₹12 lakh in compensation to three homebuyers for delayed possession and failure to provide promised amenities. The Case at a Glance The complainants—Manjusha Bharadkar, Sunil Bharadkar, and...
by Rajesh Mourya
Under the new directive, redevelopment proposals of old cessed buildings submitted under Section 79A (1a)or 79A(1b) accompanied by 51% consent of residents receive a No Objection Certificate (NOC) within six weeks. This approval process will now be governed under the Right to Service Act. The Maharashtra Housing and Area Development Authority (MHADA), Sanjeev Jaiswal, Vice President and Chief Executive...
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