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Free Press Journal

Economy / Free Press Journal

Palghar Real Estate News: MahaRERA Orders Oyster Corporation To Pay Interest For Delayed Possession Of Shops In Vasai-Virar Project

Mumbai, Feb 13: The Maharashtra Real Estate Regulatory Authority (MahaRERA) has directed Oyster Corporation and its partners to pay interest for delayed possession to four shop purchasers in its registered project Mohak Oyster Living at Vasai-Virar, maintaining that the promoter had failed to hand over possession within the promised timeline and without obtaining the Occupancy Certificate (OC). Complaint filed by shop purchasers The complainants, who were represented by Adv. Anil Dsouza, the Sec

14 Feb 2026 12:30 am
Supreme Court Questions RERA Functioning, Says Homebuyers Left 'Depressed And Disgusted' By Real Estate Regulator

For millions of Indians, owning a home is the culmination of a lifetime of savings, sacrifice and hope. Yet, in a country where real estate has emerged as one of the most visibly thriving sectors, the dream of a secure roof over ones head is too often reduced to a nightmare of deception and despair. The recent sharp observations of the Supreme Court on the functioning of Real Estate Regulatory Authorities (RERAs) provide a fitting peg to examine how a mechanism meant to protect homebuyers has, i

13 Feb 2026 10:21 pm