Promoter should submit Declaration-cum-Undertaking stating no other MahaRERA number on full or part of the project; as well as pending application

This measure will prevent home buyers getting cheated

The Maharashtra Real Estate Regulatory Authority (MahaRERA) has decided on the “One Stand-alone Project: One MahaRERA Number” policy.

This important step has been taken to prevent cheating of homebuyers as certain instances have surfaced of developers obtaining two or more MahaRERA registration numbers for the same or part of a real estate project.

MahaRERA has issued an order in this regard which has come into force with immediate effect. As per the latest order, henceforth, every promoter applying for new registration of a housing project will have to submit Declaration-cum-Undertaking in the prescribed format on their letter head that neither the site of the proposed project nor any part of it have MahaRERA registration number; or is any application pending. This is applicable for stand-alone as well as multi-phased housing projects on large plots.

The prescribed format will contain details such as CS number, CTS number, final plot number, survey number, Hissa number, GAT number, Khasra number, etc.

If information submitted is found wrong, incorrect or misleading, MahaRERA will initiate appropriate action against such promoter.

It has come to the notice of MahaRERA that some promoters are applying for additional MahaRERA registration number for various reasons, without disclosing the same to the Authority, despite the plot or project already having a MahaRERA registration number. It has been observed that in some places the land owner, the promoters are different and they work independently and in some places the land owner contracts with more than one promoter. This creates multiple challenges and confusion in project’s completion. Such buildings face difficulties in getting Occupancy Certificates (OC). Resultant, the homebuyers end up facing difficulties in securing water supply and other basic civic facilities. To prevent such occurrences, MahaRERA has introduced the new policy of “One Stand-alone Project: One MahaRERA Number”.

Incase of a project on a large plot separate registration number for the project or phases can be obtained. However, any reservation on the plot as declared by the Government and Local Planning Authority cannot be changed without the formalities as prescribed by the authorities concerned, time-to-time. This includes legal consent of the Allottees as well. These legal measures are to avoid any complaints, disputes with regards to common or special amenities such as recreation, playground, parking, internal roads, swimming pool, club house, gymnasium, etc. All these need to be categorically and unambiguously specified for every project’s phase in each of the applications submitted for a new MahaRERA registration number.

Also Read: Record 3,927 housing projects completed in 2023 Highest Since MahaRERA inception

You May Also Like

Key Real Estate Trends in 2024: Rapid Urbanization, Demographic Shifts, and Rising Foreign Investment

In 2024, India’s real estate market continues to thrive with robust demand in both luxury and affordable housing sectors. Manju Yagnik, Vice Chairperson of Nahar Group, highlights trends such as the rising focus on green living, increasing infrastructure investments, and urbanization. With Maharashtra’s infrastructure projects transforming the region, the year is set to close as the best in terms of real estate performance, driven by economic growth and strong fundamentals.

🏠 Realty Stocks Open Mixed: Blue Chips Hold Steady, Mid-Caps Face Pressure

Real estate stocks opened mixed today, with blue-chip developers like DLF and Godrej Properties holding steady while mid- and small-cap names faltered under profit-taking. The session reflects selective accumulation ahead of earnings season, with volatility expected through the day.

Maharashtra Issues Fresh Guidelines on Regularising Multiple Transfers of Ceiling Land

Maharashtra now allows only the latest unauthorised ceiling land transfer to be regularised, easing burden on owners.

NAREDCO ‘NEXTGEN’ Launches Idea Sharing Platform NEDEx

NAREDCO ‘NEXTGEN’ Launches Three-State Chapters at NextGen Excelerate; Announces Idea Sharing Platform…