In a move to streamline the registration process for housing projects, the Maharashtra Real Estate Regulatory Authority (MahaRERA) has announced monthly open houses outside its Mumbai headquarters. These sessions aim to assist developers in navigating challenges related to project registration. The first open house will take place on January 22 in Nagpur, followed by similar sessions in Pune.
Currently, open houses are held weekly at the MahaRERA head office in Mumbai, where senior officials address queries from developers. Despite assistance from Self-Regulatory Organisations (SROs), developers often encounter challenges that require clarification. Responding to requests from developers in other regions, MahaRERA has decided to extend this initiative to Nagpur and Pune.
During these open houses, officials from financial, legal, and technical departments will provide on-the-spot resolutions to issues related to project registration. Developers are encouraged to attend with all necessary documents to ensure a smooth process.
To further facilitate registrations, MahaRERA recently reduced the minimum project requirement for forming SROs outside the Mumbai Metropolitan Region (MMR) from 500 to 200. This decision is expected to simplify the registration process for developers across Maharashtra.
As per the Real Estate (Regulation and Development) Act, 2016, housing projects cannot be advertised or sold without RERA registration. MahaRERA has emphasized the importance of submitting complete and accurate information during registration to expedite the process.
“The Real Estate (Regulation and Development) Act, 2016, clearly states that housing projects must be registered with RERA before advertising. MahaRERA has established a robust framework for legal, financial, and technical aspects of project registration. By extending open houses to Nagpur and Pune, we aim to make the process seamless for developers,” said the MahaRERA chairman.
Developers are urged to utilize this opportunity to address any issues and ensure compliance with RERA regulations.
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