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Maharashtra Ownership of Flats Act (MOFA)

No need for NOC from developers: Maharashtra govt

No need for NOC from developers: Maharashtra govt
The Maharashtra Housing Department has offered a major relief to flat buyers and society residents. The state government has said that there is no need for a no-objection certificate (NOC) from the developer for sale or transfer of flat (resale) in a fully constructed building. The clarification has come after allegations of developers illegally collecting [...] Continue Reading »

90% of Conveyance deeds still unexecuted in Nashik

90% of Conveyance deeds still unexecuted in Nashik
The district deputy registrar of Nashik, Bajirao Shinde stated that Conveyance Deeds of over 90 per cent of properties in Nashik city are yet to be executed. Nashik city has more than 12,000 residential societies and apartments, but records show that conveyance deeds of over 11,000 properties have not been executed.  The city has a [...] Continue Reading »

Developers apprehensive of regulatory bill

Developers apprehensive of regulatory bill
Developers in Maharashtra seem to be apprehensive of the regulatory measures proposed by the state and central government. As the developers already have disclosed their presentiment about the state government’s housing regulatory bill, the presentiment deepens as the centre is now set to introduce its own regulatory authority for the real estate sector. Maharashtra Chamber [...] Continue Reading »

New housing bill criticized in Maharashtra

New housing bill criticized in Maharashtra
The new Maharashtra Housing (Regulation & Development) Bill, 2012, came under attack from housing experts as they labeled it ‘builder friendly’. Activists, housing societies and flat buyers claimed that not only was it poorly drafted, but also failed to maintain transparency and stated that it is a watered down version of the repealed Maharashtra Ownership [...] Continue Reading »



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