26 February,2026 01:08 PM IST | Mumbai | Sanjeev Shivadekar
Special drives will be taken to ensure speedy recovery of money from erring builders, Minister Shambhuraj Desai said. FILE PIC
On Day 4 of Maharashtra Budget Session 2026, the state government has assured a special drive to improve the recovery of pending dues, as the Maharashtra Real Estate Regulatory Authority (MahaRERA) has recovered only 34 per cent of the amount from defaulting developers so far.
Minister Shambhuraj Desai, replying on behalf of Urban Development Minister Eknath Shinde in the state legislative assembly on Thursday, announced that a special drive will be conducted across districts where recovery from defaulting developers has been low.
"The current rate is 34 per cent; we will work to improve the recovery percentage," the minister stated.
Bharatiya Janata Party (BJP) legislator Atul Bhatkalkar had questioned MAHARERA's performance, citing a recent Supreme Court observation, which remarked that the real estate regulatory authority should be abolished in its current form.
"MahaRERA feels like an extension counter of the developer," the BJP Member of Legislative Assembly (MLA) said, demanding a regular performance audit of the authority.
Replying to his query, Desai stated that officials said stricter steps will now be taken to speed up the process, including seeking help from the Income Tax Department to trace the assets of developers who have failed to comply with recovery orders.
"Measures and special drives will be taken to ensure speedy and more recovery of money from erring builders," the minister replied.
The Real Estate (Regulation and Development) Act, commonly known as RERA, is a Central law to clean up the real estate sector and protect homebuyers. The law came into force in May 2017 after years of complaints about delayed housing projects, false advertisements, and developers not keeping their promises. Under this Act, every state has to set up its own real estate regulatory authority to monitor projects and settle disputes between buyers and builders. The rules apply to both residential and commercial projects, and cover developers, real estate agents, and brokers.
