MahaRERA’s Hardest Crackdown Ever
Developers May Now Face Jail for Not Paying Homebuyers!
New SOPs, Stricter Penalties & Faster Recovery — Here’s Everything You Must Know
For the first time, MahaRERA (Maharashtra Real Estate Regulatory Authority) has issued a strong warning:
Developers can go to jail if they repeatedly ignore compensation orders or fail to reveal their assets.
This is a historic step — and a massive win for homebuyers who have been waiting years for refunds, delayed possession compensation, or interest.
Why This News is VIRAL
Because this is the first time a real estate regulator in India has openly signaled criminal consequences for developers who hide assets or refuse to pay.
This can completely change the buyer–developer power balance in Maharashtra’s property market.
What Triggered This Tough Decision?
Thousands of homebuyers who won cases under RERA were still not getting their money, because developers simply:
- Ignored the order
- Delayed endlessly
- Claimed “no funds”
- Or hid their movable & immovable assets
Now MahaRERA says: Enough.
Want the Right Paint for Your Home or Business?
Get expert guidance from India’s trusted colour specialists.
Visit: www.paintsutra.com Call Paint Sutra: 9700226666, 8336885588
We help you choose the right paint brand, right finish, and right colour — with professional guidance, not confusion.
The New SOPs: What Actually Happens Now?
1⃣ 60-Day Deadline to Pay Buyers
Once MahaRERA orders a developer to pay:
- Refund
- Compensation
- Interest for delayed possession
They MUST pay within 60 days.
If they don’t?
Buyers can file a non-compliance complaint.
2⃣ MahaRERA Will Decide Within Four Weeks
The regulator now has a strict deadline:
4 weeks to examine the developer’s non-compliance.
If the developer is guilty → action begins immediately.
3⃣ Developer Gets “Reasonable Time” to Pay — ONE LAST CHANCE
MahaRERA may give them a short, reasonable period to make the payment.
But if they fail again…
4⃣ Developers MUST Reveal All Assets
MahaRERA will force developers to submit — via affidavit:
- Movable assets (cars, jewellery, machinery)
- Immovable property (land, flats, plots)
- Investments
- Bank accounts & balances
- Company assets
This is the game changer. Many developers earlier hid assets to avoid paying.
5⃣ Attachment of Assets & Bank Accounts
If payments still don’t happen:
- A Recovery Warrant will be issued
- District Collector will seize properties
- Bank accounts can be frozen
- Assets can be auctioned
This is similar to how the government recovers taxes.
6⃣ Jail Is Now a Real Possibility
If a developer keeps ignoring orders OR refuses to reveal assets:
MahaRERA can initiate criminal proceedings Jail term becomes a genuine risk
This is what’s making headlines — and rightly so.
https://maharera.maharashtra.gov.in/
The post MahaRERA’s Hardest Crackdown Ever first appeared on Paintscape.
