Developers Updating Project Details on MahaRERA Website Increases from 0.02% in Jan 2023 to 62% Now

Developers updating project details on MahaRERA have surged from 0.02% in January 2023 to 62% now, thanks to strict enforcement and compliance measures. This initiative has improved transparency and reduced complaints from homebuyers, ensuring better accountability in Maharashtra’s real estate sector.

MahaRERA Redefines Criteria for SROs to Benefit Developers Outside MMR

MahaRERA has announced a change to its criteria for forming Self Regulatory Organisations (SROs), reducing the minimum project requirement from 500 to 200 for developers outside the Mumbai Metropolitan Region (MMR). This reform aims to provide more accessible regulatory guidance, helping developers streamline project registrations, renewals, and compliance processes across Maharashtra.

Dharavi Redevelopment Project Pvt Ltd Renamed Navbharat Mega Developers Pvt Ltd

Dharavi Redevelopment Project Pvt Ltd (DRPPL) has rebranded as Navbharat Mega Developers Pvt Ltd (NMDPL), reflecting a broader vision for the Dharavi redevelopment. The name change, approved by the Board and Ministry of Corporate Affairs, aims to underscore the project’s scale while maintaining the government’s central role in overseeing the initiative.

Dharavi Redevelopment: 10 Years of No Maintenance

Dharavi Redevelopment Project is set to revolutionize urban living in Mumbai, offering free maintenance for 10 years and free housing for eligible residents. With modern amenities, financial sustainability, and inclusive communities, the project aims to uplift Dharavi and surrounding neighborhoods, setting a new benchmark for urban transformation.

MahaRERA Cracks Down on 11,000 Lapsed Housing Projects

MahaRERA has issued show cause notices to nearly 11,000 lapsed housing projects across Maharashtra, urging developers to submit Occupancy Certificates or seek deadline extensions within 30 days. Non-compliance could result in project suspension, restricted flat sales, and frozen bank accounts.