MahaRERA issues warrants for Rs.633-Cr over 4 yrs against errant builders

The Maharashtra Real Estate Regulatory Authority (MahaRERA) has, over the past four years, issued recovery warrants worth INR 633 crore against errant developers, with Mumbai's suburbs accounting for the highest value. The action, taken in coordination with 13 collectorates, including those in Mumbai and Pune, involved 717 such warrants to expedite refunds to flat purchasers.