Mumbai, Nov 22: The Maharashtra Real Estate Regulatory Authority (MahaRERA) has issued a new Standard Operating Procedure (SOP) to speed up and improve the recovery of compensation awarded to homebuyers.

The SOP, released recently through an official circular following directives from the Bombay High Court, introduces a clearer and stricter process to ensure developers comply with compensation orders.

Erring Developers May Face Imprisonment Under New Rules

"For the first time, MahaRERA has laid down provisions under which developers who fail to pay compensation despite repeated opportunities may be referred to the Principal Civil Court of their respective jurisdiction. In such cases, erring builders could face imprisonment of up to three months, in accordance with the Code of Civil Pro

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