MahaRERA recovers ₹369 crore against ₹1,037 crore dues from developers to homebuyers; Mumbai real estate market leads in recovery
The Maharashtra Real Estate Regulatory Authority (MahaRERA) recovered ₹369.45 crore for homebuyers from developers, issuing 516 recovery warrants totaling ₹1,037 crore over nine years. Mumbai led with ₹228 crore collected, contributing to a 45% recovery rate, the highest among RERA authorities in India. MahaRERA aims to resolve pending cases worth ₹209.16 crore, enhancing buyer protection.