Nagpur: The Maharashtra Real Estate Regulatory Authority (MahaRERA) has recovered ₹9.65 crore out of ₹11.05 crore in outstanding compensation dues across seven projects in the Nagpur division, effectively clearing the pending recovery amount in the cases covered by 19 recovery warrants.
MahaRERA has recovered approximately ₹369.45 crore in compensation for homebuyers across Maharashtra, achieving a recovery rate of around 45%, according to the figures reported. The authority claims to rank first among real estate regulatory authorities across the country in compensation recovery.
Since its establishment in May 2017, MahaRERA has issued recovery orders worth ₹1,037.86 crore in 1,531 complaints. Of this amount, approximately ₹370 crore has been recovered so far.
Between 2017 and December last year, recoveries stood at around ₹260 crore. An additional ₹110 crore was recovered during the current year, providing relief to affected homebuyers.
Nagpur Division Records Strong Recovery
In the Nagpur division, recovery proceedings covered seven projects through 19 warrants. Against the outstanding amount of ₹11.05 crore, the authority recovered ₹9.65 crore, leaving no pending dues in the specific cases covered by the reported recovery exercise.
₹209 Crore Recovery Under Legal Restrictions
MahaRERA’s overall recovery process continues to face legal restrictions on approximately ₹209 crore. Of this, cases involving around ₹104.70 crore are pending before the National Company Law Tribunal (NCLT), while matters involving approximately ₹104.46 crore are pending under the Maharashtra Protection of Interest of Depositors (MPID) Act.
The recovery figures highlight the challenges involved in enforcing compensation orders and the importance of sustained action to secure payments for homebuyers.
