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MahaRERA update: The real estate regulator has said that it has formulated a Standard Operating Procedure (SOP) to expedite the recovery of compensation from developers in a time-bound manner. (Picture for representational purposes only)

Nov 22, 03:45 PM IST 3 min read

Maharashtra's Real Estate Regulatory Authority (MahaRERA) introduced a Standard Operating Procedure (SOP) on November 22 to expedite compensation recovery for aggrieved homebuyers, aiming for resolution within 60 days. Failure to comply may lead to civil court action and potential imprisonment for developers. The SOP addresses common grievances like possession delays and sub-standard construction, enhancing buyer protection.

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.affilate-product { padding: 12px 10px; border-radius: 4px; box-shadow: 0 0 6px 0 rgba(64, 64, 64, 0.16); background-color: #fff; margin: 0px 0px 20px; } .affilate-product #affilate-img { width: 110px; height: 110px; position: relative; margin: 0 auto 10px auto; box-shadow: 0px 0px 0.2px 0.5px #00000017; border-radius: 6px; } #affilate-img img { max-width: 100%; max-height: 100%; position: absolute; top: 50%; left: 50%; transform: translate(-50%, -50%); } .affilate-heading { font-size: 16px; color: #000; font-family: "Lato",sans-serif; font-weight:700; margin-bottom: 15px; } .affilate-price { font-size: 24px; color: #424242; font-family: 'Lato', sans-serif; font-weight:900; } .affilate-price del { color: #757575; font-size: 14px; font-family: 'Lato', sans-serif; font-weight:400; margin-left: 10px; text-decoration: line-through; } .affilate-rating .discountBadge { font-size: 12px; border-radius: 4px; font-family: 'Lato', sans-serif; font-weight:400; color: #ffffff; background: #fcb72b; line-height: 15px; padding: 0px 4px; display: inline-flex; align-items: center; justify-content: center; min-width: 63px; height: 24px; text-align: center; margin-left: 10px; } .affilate-rating .discountBadge span { font-family: 'Lato', sans-serif; font-weight:900; margin-left: 5px; } .affilate-discount { display: flex; justify-content: space-between; align-items: end; margin-top: 10px } .affilate-rating { font-size: 13px; font-family: 'Lato', sans-serif; font-weight:400; color: black; display: flex; align-items: center; } #affilate-rating-box { width: 48px; height: 24px; color: white; line-height: 17px; text-align: center; border-radius: 2px; background-color: #508c46; white-space: nowrap; display: inline-flex; justify-content: center; align-items: center; gap: 4px; margin-right: 5px; } #affilate-rating-box img { height: 12.5px; width: auto; } #affilate-button{ display: flex; flex-direction: column; position: relative; } #affilate-button img { width: 58px; position: absolute; bottom: 42px; right: 0; } #affilate-button button { width: 101px; height: 32px; font-size: 14px; cursor: pointer; text-transform: uppercase; background: #00b1cd; text-align: center; color: #fff; border-radius: 4px; font-family: 'Lato',sans-serif; font-weight:900; padding: 0px 16px; display: inline-block; border: 0; } @media screen and (min-width:1200px) { .affilate-product #affilate-img { margin: 0px 20px 0px 0px; } .affilate-product { display: flex; position: relative; } .affilate-info { width: calc(100% - 130px); min-width: calc(100% - 130px); display: flex; flex-direction: column; justify-content: space-between; } .affilate-heading { margin-bottom: 8px; } .affilate-rating .discountBadge { position: absolute; left: 10px; top: 12px; margin: 0; } #affilate-button{ flex-direction: row; gap:20px; align-items: center; } #affilate-button img { width: 75px; position: relative; top: 4px; } }

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