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MahaRERA’s New Compensation Recovery SOP: What Homebuyers and Developers Need to Know

The Maharashtra Real Estate Regulatory Authority (MahaRERA) has issued a new standard operating procedure (SOP) to streamline how compensation is recovered from developers who fail to comply with orders. The SOP follows directions from the Bombay High Court and introduces mandatory asset disclosure, time-bound enforcement, district-level recovery action, and the possibility of civil imprisonment for…

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