MahaRERA To Launch Project Grading System To Enhance Homebuying Experience

MahaRERA’S project grading system aims to empower homebuyers with transparent insights into real estate projects

The Maharashtra Real Estate Regulatory Authority (MahaRERA) had suggested last year, a project grading system in order to help homebuyers make an informed decision. That plan may soon see the light of the day, as MahaRERA is expected to launch the grading system soon.

The grading will be based on four key parameters—technical, financial, legal, and project overview; and will evaluate projects every six months in a bid to keep homebuyers aligned with the construction progress. As a part of this process, all projects launched from January 2023 onwards will be graded.

However, since this is still a pilot project, MahaRERA is expected to first provide project information/analysis without assigning a grade to the project. This information would enable homebuyers to evaluate if the project is on the right track; the actual grades could take a few more years to be rolled out.

Industry experts, however, also feel that a few more parameters should be taken into account in order to provide a holistic overview.

Some of the key parameters are as follows:

Construction Quality: Assessing the track record of the developer in terms of construction quality, materials used, and adherence to building codes and regulations.

Environmental and Sustainability Factors: Considering the project’s impact on the environment, its compliance with sustainability standards, and the incorporation of energy-efficient measures, waste management systems, and green building practices.

Track Record of Developer: Assessing the reputation and past performance of the developer, including timely completion of previous projects, compliance with regulatory norms, financial stability, and adherence to customer commitments.

Customer Feedback: Incorporating feedback from existing customers of the developer or similar projects to assess customer satisfaction, and after-sales service, and address any potential issues.

– Ritesh Mehta, senior director and head (North and West), residential services and developer initiative, JLL India

Promptly updating grades assigned to each project on MahaRERA’s website, explaining how each parameter is assessed and graded, ensuring that the website’s interface is user-friendly enabling homebuyers to check grades with ease, and an effective feedback mechanism for homebuyers to raise concerns or grievances related to project evaluations should be implemented to make this grading system more robust and effective. Additionally, engaging competent third-party agencies for these audits will make them more authentic,” adds Ravi Shankar Singh, managing director, of residential transaction services, at Colliers India.

“MahaRERA could also take initiatives to educate buyers on how to interpret these grades and reports, helping them understand what these evaluations mean for their investment. There should also be a clear and fair process for developers to appeal their grades if they believe the evaluation was not accurate or fair. MahaRERA could consider incentives for projects that achieve high grades, such as faster approval processes or recognition in MahaRERA publications, to encourage quality and compliance,” suggests Prashant Sharma, president, NAREDCO Maharashtra.

Developers are optimistic about this move, however, there are a few concerns, “The process of information seeking from developers for this rating should be minimalistic in its philosophy, as developers are already providing a vast amount of data for RERA registration. An ideal way would be to integrate the data requirement in one place rather than two separate data requirements. It should also be mandatory for every developer to display the project rating prominently along with the RERA registration number,” suggests Harmohan Sahni, CEO, Raymond Realty. “Overall, the sector will benefit from this proactive approach, which fosters responsible practices and builds trust between buyers and developers,” concludes Manju Yagnik, senior vice president, NAREDCO Maharashtra.

Protect Your Home from Unwanted Damage & Costly Repairs

There is no place like Home – It is our Heavenly Nest.

Houses are prone to damages. But you can avoid untimely repairs if you are a bit watchful. Read this article to know which damages to be careful about.

“Home is not a place… It is a feeling” There is something very comforting about the place we call home. It is the place where we and our family weave memories to cherish for life. However, before we turn our house into a home, several things need to be taken care of; since a house is one of the biggest investments we make in our lifetime and would not allow any of its unwanted element to become a nightmare.

Your dream house has to be safe, sound, and secure. Therefore, it becomes crucial to consider the underlying problems that can lead to unwanted damage and repairs, ultimately burning a hole in your pocket.

Damages and Their Causes

Here are a few of the unwanted damages that we must check for immediate repair:

1. Cracks on walls and ceiling

Cracks can occur anywhere in the house- the building’s exterior and interior walls, roof, ceiling, etc. Many factors are responsible for cracks out of which inferior quality building materials and carelessly supervised masonry jobs are the primary ones. While some cracks are minor and can be repaired easily, a few indicate major damage which may lead to the collapse of walls, ceiling, and roofing. It is important to understand that crack is a vast topic since there are various types and causes. For example:

Under-construction Property: In an under-construction house, curing the bricks properly before plastering is essential for the building’s longevity. There is a specific time of curing for every construction material. Before any further construction, a minimum curing of 7 days is required for the walls. If not, cracks develop in walls.

Newly built house: Proper ventilation in a newly-built house helps in removing excess heat and moisture. Cracks in walls and ceiling occur if room temperature varies significantly without the excess heat and moisture being able to escape.

2. Fan box provision: Many times, there are small cracks in the ceiling fan box provision, resulting from inferior quality of construction. Also, sometimes either there is no fan box provision provided or improperly placed. It leads to the weakening of the RCC ceiling during the rework.

3. Gap around window frames: Gaps around window frames cause the most common damage inside the house. These gaps allow moisture, insects/termites to enter. Also, it leads to water seepage deteriorating the walls. Hence, it is important to fill in these gaps properly to prevent damages.

4. Gap around door frame:  If these gaps are not filled with proper material, then fixing of the frame with the wall will not be firm and will act as insect / termite / hub. It may also lead to moisture / water seepage. Therefore it needs to be filled properly to avoid problems in future. Its rectification procedure is easy, cost-effective and less time-consuming.

5. Hollow flooring: Hollowness can lead to cracks in flooring & looseness from bed mortar. This can lead to water intrusion through cracks and which can create further problems in other associated or attached areas and damp/ seepage issues.

6.Grout Problems: If proper grouting is not provided at the joints, such as between the drain outlet pipe and floor tiles, then there will be moisture / seepage and spread through junction.

This will ultimately lead to unhealthy & unhygienic condition for residents and can lead to deterioration at below storey ceiling surface in due course of time.

7. Electrical wiring problems: Outdated or improper wiring leads to overheating, current loss, as well as a potential fire hazard. Also, Improper dressing of wire can lead to overheating & current loss and can create inconvenience during repair or maintenance. Factors like excessive dust and high temperature contribute to the house’s wiring lifespan. Electrical issues such as electric leakage, damaged insulation, and overheating of wires are other major problems. In case of defects in electrical wires, they can cause hazards in the house and may even take human life in some cases.

8. No proper drainage for the outflow of water: Improper drainage system leads to the stagnation of water inside your house and surrounding areas resulting in damage to your home. Moreover, there is a significant rise in pest problems as the building becomes swampy and messy from inside out. To identify a poor drainage system, you must look for the following signs:

  • Clogged roof / bathroom / kitchen / balcony outlets
  • Breeding of mosquitoes in puddling water within the premise
  • Dead grass and fallen leaves choking the adjoining drains
  • Excessive erosion of garden soil

9. Improper Ventilation: Poor ventilation causes condensation within the house and the growth of microbes, since excess moisture does not get the passage to exit. This trapped moisture damages the walls and the basic fabric of the house. In the long run, it not only reduces the longevity of your property but also harms your family health in a slow but severe manner.

10. Presence of excess moisture: Moisture inside wall cavities occur due to fault in the construction, maintenance of the house like plumbing defects. It leads to considerable damage such as:

  • Toxic microbial growth
  • Rotten wood structure
  • Peeling paint or wallpaper
  • Compromised structural integrity of the building
  • Insect infestation
  • Continuous odour

Keeping your home free from excess moisture and maintaining a healthy humidity level will help you avoid these potential risks for your health and your property. If you notice, extra moisture is becoming an issue, then contact professionals who can detect the hidden moisture in your home.

11. Pest Infestation: Termites or pests are responsible for more house damages than natural disasters. Problems of pest infestations are not something you can overlook. Termites begin chewing through the wood and cement from the inside out, affecting the roof, doors, joints and walls, leaving you with a fragile property that is severely structurally compromised.

12. Others possible damages:

  • Weep holes: These are created as escape routes for water. But at times, if these holes are not cleaned or properly placed, it allows moisture to enter and damage the walls.
  • Concealed duct: Though placed for proper ventilation but left without a trap door, the concealed ducts lead to unwanted problems like improper ventilation and other maintenance issues.

Having mentioned the possible damages that you must keep a check on, it is important to discuss how you can save your property from these problems.

Inspect. Repair. Maintain.

  • Crack and damp check: Always keep a check on internal and external cracks and dampness on the walls, roofs, ceiling, floor tiles, pillars, and other areas of your house. If you notice any such crack, do not delay in calling the experts and get it repaired immediately.
  • Proper ventilation: Ensure proper ventilation in your house for eliminating moisture buildup and keeping air moving. Ventilation helps, move out, excess moisture out of living areas, preventing microbial growth and damage to structures and furnishings.
  • Fill the gaps between the window and door frames: Any gaps around the window and door frames have to be filled with proper material so that there is no inflow / seepage of moisture, water, or insects. Also, ensure all the latches, slides, and panels are in proper condition. Window maintenance is easy, cost-effective, and less time-consuming. So, better get it done annually.
  • Check and repair the hollowness of the flooring: The reason for checking for hollow spots in tiles is due to the possibility of either improper installation or other reasons for the bond of the tile to separate from the floor. If left unchecked, this can lead to the tile cracking and potentially breaking or damage. Aside from the aesthetics of such a result, it could also cause a tripping hazard.
    Do not overlook if you see any crack on the floor, even if it is minute, because what might look small to you can lead to major intrusion or seepage problems. Immediately call for the experts.
  • Checking grouts and repair: Over time, the grout at tile joints deteriorates, leading to water intrusion and ultimately damaging the house. Hence, it is vitally important to repair / grout whenever spotted.
  • Maintenance of electrical system: For a smooth running of all the electric appliances and accessories in your house, and avoiding any sort of fire life endangering hazards, it is important to have proper maintenance of the electrical system, including the wirings. Change faulty wires without delay. Regular electrical checks avoid high repairing expenses.
  • Plumbing and drainage check: Leakage or blockage is a nightmare that requires immediate repair. Sometimes, it gives rise to damp patches. Always check the rooftop water tank, pump, and internal plumbing pipeline. Moreover, check the faucets for any damage. Annual cleaning and inspection of the plumbing pipes / system is a must, along with a check for leakage under the kitchen sink, pipes, valves, etc.Here is how leakage/seepage detection is done in a residential building by experts, using IR technology:https://youtu.be/vMSyIxPL9r8
  • Pest control: Regular pest control is essential to protect your family and house from unwanted damages and unhygienic conditions.
  • Trap door for concealed ducts: Ensure the concealed ducts have trap doors to avoid problems, such as ventilation and access for maintenance.
  • Others: Any dead plants must be uprooted, and remove dried leaves if you have a lawn. Uproot any growth of plants on the external or internal wall, as it brings other problems like water seepage, cracks on walls, dampness, etc.

We have tried to discuss all the possible unwanted damages and repairs for protecting your house. It becomes essential to provide you with a one-stop solution for all your worries. Without a say, you must let the professional home inspection team take charge of the health and safety check-up of your lovely home. These professionals use the latest technological devices and tools to observe and check every corner of your house and identify the parts that require immediate action. A comprehensive health & safety check-up of your house by a home inspection team will prolong your property’s life, making it beautiful and strong for years.

Uttar Pradesh Real Estate Regulatory Authority Passes 5 Orders To Safeguard Homebuyers’ Interests

UPRERA has asked realtors to sell housing units only on the basis of carpet area and register projects with the same name as recorded in the sanctioned map.

The Uttar Pradesh Real Estate Regulatory Authority has passed several orders over the last few weeks to protect the interest of homebuyers. It has directed real estate developers to sell housing units only on the basis of carpet area and has also asked them to register their projects with the same name as recorded in the sanctioned map. Another order is to do with the inclusion of names of co-allottees in homebuyers’ complaints.

The Uttar Pradesh Real Estate Regulatory Authority has passed several orders over the last few weeks to protect the interest of homebuyers. The Uttar Pradesh Real Estate Regulatory Authority has passed several orders over the last few weeks to protect the interest of homebuyers. The RERA Authority has also directed real estate developers to print the QR code loaded project registration certificate and display it at a prominent place in its office and the project site marketing office so that it is visible to prospective and existing homebuyers of the project from a distance. This is similar to a MahaRERA order that has been in force since August last year.

Hindustan Times – your fastest source for breaking news! Read now. ALSO READ: Real estate sector will contribute 15% to the GDP and will reach a market size of $1 trillion by 2030: Puri It has also made it mandatory for the real estate developers to prove their title on the land on which they propose to develop a real estate project.

1. DEVELOPERS MUST MAINTAIN THE SAME NAME FOR PROJECT BRANDS AS MENTIONED IN THEIR MAPS

The Uttar Pradesh Real Estate Regulatory Authority (UP RERA) has ordered real estate developers to maintain the same name for project brands as mentioned in their maps approved by local authorities and registered with RERA to avoid confusion among homebuyers.

UP RERA said in a statement that the promoters need to register their projects with the same name as recorded in the sanctioned map and the names of towers and blocks must also be the same as in the sanctioned map.

“RERA had to issue these directions because in the wake of differences between the name of the projects and the towers registered with it and the names in the OC (occupancy certificate) or CC (completion certificate), it was finding difficult to ascertain the completion status of the projects as also to decide the promoter’s application for closure of the project accounts,” it said in a statement.

“It was also observed that promoters were using project brand names which were different from the names registered with RERA and this was creating doubts amongst the existing and prospective home buyers. Therefore, to address such anomalies, RERA has now directed the promoters to market the projects with the same name as registered with RERA,” it added.

2. HOMEBUYERS MUST INCLUDE NAMES OF CO-ALLOTTEES IN THEIR COMPLAINTS

UPRERA has asked homebuyers to include the names of co-allottees also in their complaints. It observed that in some cases the complainants had not included the co-allottees as co-complainants and the RERA Benches had disposed of the complaints after hearing the respective parties which in such cases meant hearing only one of the allottees.

“… UP RERA has decided that the name of the co-allottee shall henceforth be included as co-complainant in the complaints filed by the allottees. Necessary facility is being provided on the portal for this purpose,” UP RERA said in a statement.

It said it has observed that joint allotment of houses or shops is a common practice in which husband and wife, father and son, brother and sister and other blood relations are co-allottees and there are cases where a person other than blood relation, such as partner, and sometimes more than two persons are co-allottee.

“Their interests do not necessarily coincide always and disputes between such co-allottees or co-owners do sometimes arise. The absence of the name of the co-allottee in the complaint lodged in RERA is a lacuna due to which resolution of complaints, execution of orders and further proceedings takes more time than required,” UP RERA observed.

UP RERA has created a facility on its portal where a complainant can file such an application online using his dashboard, it added.

3. UPRERA TO TRAIN NEW AND EXISTING REAL ESTATE AGENTS

The state RERA authority has said that it will train new as well as existing real estate agents across the state and will provide them certificates. It said that it will start a special training and certification program for agents where they will be taught the provisions of RERA Act and UPRERA rules. This is similar to a MahaRERA circular issued last year that had made it mandatory for real estate agents to undergo training and appear for an exam.

4. UP RERA ASKS PROMOTERS TO PROVIDE QR CODE WITH PROJECT DETAILS TO HOMEBUYERS

UPRERA has also asked real estate developers in the state to provide project registration certificates embedded with QR code to existing and prospective homebuyers.

“The registration certificate includes relevant details of the project, including its name, name of the promoter, registration number with details of month and year, its duration, including the start and completion date, the project and the promoter addresses,” it said in a statement.

“The QR code is also loaded with the important conditions of registration like the obligation of the promoter to deposit 70 per cent of the amount realized from the allottees and all the moneys raised through project finance, in a separate bank account for being utilized only to cover the cost of construction and that of the project land,” it said.

UP RERA has directed the promoters to print the QR code loaded project registration certificate and display it at a prominent place in its office and the project site marketing office so that it is visible to prospective and existing homebuyers of the project from a distance, it said.

“The homebuyers can scan the QR code of the certificate using their mobile phones and see the details of the project, including details relating to the land, approvals, quarterly progress report, etc, on the web portal of the authority. The project registration certificate is being issued in Form-C,” it added.

5. UP RERA DIRECTS HOUSING PROJECT DEVELOPERS TO SELL UNITS ON CARPET AREA BASIS

UPRERA has directed real estate developers to sell housing units or apartments as per carpet area only. As per the provisions of the RERA Act and pursuant to other legal agreements and contracts, there is no justification of ‘Super Area’, UP RERA said in a statement.

The sale of apartments on this basis will be considered illegal and according to the provisions of RERA Act, buying and selling of apartments is legal only on the basis of carpet area, it said in a statement.

“There is no abbreviation or definition of Super Area in the RERA Act. It is indeed necessary for allottees to consider Carpet Area as the actual area of the unit or apartment and pay the promoter according to this area,” UP RERA Chairman Sanjay Bhoosreddy has said.
For an agreement for sale between a promoter and an allottee, a model agreement for sale has been provided on the UP RERA portal. This model agreement for sale is also based on carpet area. In this way, selling apartments or units on the base of ‘Super Area’ is contrary to the provisions of the RERA Act, according to the statement.

“Hence, promoters must ensure the sale of units according to the Carpet Area only. Violation of this provision may cause legal action,” the UP RERA added.

A few weeks back, Forum for People’s Collective Efforts (FPCE), a pan-India homebuyers’ association had suggested that a unit within the housing ministry be set up to monitor the functioning of all state real estate regulatory authorities (RERAs).

Daily Routines for an Eco-Friendly Bathroom – Simple Strategies

Every day, we consume vast amounts of water during routine household tasks like cleaning, washing, brushing, and bathing, resulting in water wastage and accumulation of germs.  Chemical compounds are widely used in traditional cleaning processes.

An environmentally conscious bathroom offers numerous natural approaches to maintaining cleanliness. A small shift in habits, coupled with thoughtful resource usage, can significantly contribute to a more sustainable planet. Adequate ventilation and fresh air circulation are essential to prevent mold, dampness, and the accumulation of harmful toxins. Below are some straightforward steps to transform your bathroom into an eco-friendly haven.

1. Water Conservation and Efficiency

It is recommended to avoid excessive water flushing and opt for bathroom fixtures that consume less water. Install a low-flow showerhead, a faucet aerator, and a dual flush toilet to minimize water consumption. This simple adjustment can lead to substantial water savings annually. Additionally, consider eco-friendly alternatives like composting toilets, which do not rely on water.

2. Shower Care

After each use, apply a natural mold-fighting solution to the shower, promoting mold elimination through natural means rather than chemical-based solutions. Regularly spraying the shower not only contributes to a cleaner environment but also reduces the need for extensive scrubbing. Prepare a natural disinfectant using a mixture of white vinegar, water, tea tree oil, and lavender essential oil.

3. Water Usage Awareness

While water is commonly preferred over toilet paper, it is advisable to minimize water flushing. Utilize recycled paper in your bathroom, and avoid products made from trees. Prevent the spread of bacteria by closing the toilet lid before flushing. Installing a dual flush toilet and retrofitting can result in substantial water savings.

4. Natural Scrub for Sink and Bathtub

Utilize a natural scrub made from liquid soap, antibacterial essential oil, and baking soda to clean your sink and bathtub. Employing a sponge or brush with this non-toxic cleanser avoids exposing your bathroom to harmful chemicals.

5. Reduction of Disposable Items

Minimize the use of disposable products like toilet paper, replacing them with reusable rags or microfiber for cleaning mirrors, sinks, and other surfaces. Refrain from purchasing disposable toilet cleaning brushes and spray bottles, opting instead to use and reuse existing items.

6. Proper Bathroom Ventilation

Good air quality is an indispensable component of a well-designed, sustainable bathroom. The bathroom is usually the most humid space in the house and requires suitable ventilation to keep the air renewed, clean, and free from any infections.

Too much humidity in a concentrated space permits mould and mildew to grow, which can damage building materials and lead to various health issues. To keep the surplus dampness in your bathroom under control, install an energy-efficient ventilation fan. Bathroom ventilation fans have benefited from new machinery that make them more efficient than ever.

Ensure proper ventilation by keeping windows open, leaving the door slightly ajar, or installing an exhaust fan. Given the elevated temperature and steam levels in bathrooms, effective ventilation is crucial to ward off dampness and prevent mold growth.

7. Sink Water Conservation

Install a low-flow faucet aerator in your sink to mitigate water wastage. Turn off the tap while brushing or engaging in other activities. The addition of a sink stopper further aids in water conservation.

8. Mirror Maintenance

Maintain mirrors using white vinegar to remove stains, employing recycled paper for a shiny surface. This natural remedy is an effective and eco-friendly alternative to chemical cleaners.

9. Eco-Friendly Curtains

Avoid PVC curtains in favor of environmentally friendly options made from materials like linen, organic cotton, or coated nylon. PVC curtains release harmful chemicals known as dioxins, emitting an unpleasant odor.

10. Sustainable Personal Care

Replace branded body moisturizers with natural alternatives like essential oils, shea butter, or cocoa butter. Opt for a toothbrush with a replaceable head or a recyclable plastic toothbrush. Choose eco-friendly items for shampoos, conditioners, skincare, and hair care products. Consider using replaceable head razors instead of disposable ones.

11. Energy-Efficient Lighting

Switch to energy-efficient LED bulbs to save energy. LED is the best option for eco-friendly bathroom appliances. Washrooms, in particular, use a lot of light bulbs, each for a shower area, a toilet area, and near the mirror. As a result, the cumulative effect of switching to LED in the bathrooms will be more significant than in any other room in the house. Also, LEDs produce a range of lighting effects that can help you create the perfect look and feel. Consider using natural light during the day by keeping windows uncovered when possible.

12. Bathroom Sprays

Combat unpleasant odors with natural sprays containing mixtures of vinegar, baking soda, and essential oils.

13. Eco-Friendly Fabrics

Select organic towels and linens for your bathroom to promote both personal well-being and environmental health. Towels and linens made from bamboo, known for its antibacterial properties, offer a sustainable alternative. Many conventional towels and linens may contain pesticides, posing risks to human health and the environment.

Taking these steps not only transforms your bathroom into an eco-friendly space but also contributes to a healthier and more sustainable lifestyle.

14. Add Green Touch

Enhance the aesthetic and sustainability of your bathroom by incorporating a touch of greenery. With the increased focus on maintaining clean indoor air, especially in the wake of the global pandemic, it’s essential to create a fresh and inviting atmosphere in every part of your home, including the bathroom.

Consider adding air-purifying plants, moss floor mats, or even green vertical walls to introduce low-maintenance greenery that not only beautifies but also promotes a cleaner environment by combating excessive moisture. Enhance the ambiance further by placing flower vases in the bathroom, changing them daily to keep the air both clean and fragrant.

Swap out traditional PVC bath mats for anti-bacterial, eco-friendly alternatives to contribute to a healthier and more sustainable lifestyle. This simple yet effective change not only adds a sleek and natural element to your bathroom but also aligns with a commitment to eco-conscious choices.

15. Maintaining the bathroom

Once you have created an eco-friendly bathroom, its maintenance is equally important. Unclog the drains, be mindful of mold and fix leaky faucets. To safeguard your bathroom against the insidious invasion of molds, dampness, and fungus, proactive measures are paramount. Ensure proper ventilation by utilizing exhaust fans or opening windows after showers to reduce humidity levels. Regularly inspect and repair leaks promptly, as stagnant water serves as a breeding ground for these unwanted intruders. Employ eco-friendly cleaning solutions, such as vinegar or tea tree oil, to disinfect surfaces without harming the environment. Invest in moisture-resistant paints for walls and ceilings, and opt for shower curtains and bath mats that are easy to clean and inhibit mold growth. Consistent maintenance, coupled with sustainable practices, will fortify your bathroom against the encroachment of molds and fungi, fostering a healthier and eco-conscious living space. Make sure that you continue to follow the eco-friendly practices that you started with.

Conclusion

Limiting water wastage through mindful habits, choosing energy-efficient options, and incorporating greenery not only contributes to resource conservation but also foster a healthier living space. The shift towards eco-friendly bathroom practices aligns with a global commitment to sustainability, acknowledging the interconnectedness of personal choices with broader environmental challenges.

In essence, an eco-friendly bathroom is a testament to an individual’s dedication to preserving natural resources, promoting cleaner air, and minimizing their ecological impact. As we navigate a world increasingly aware of the need for environmental stewardship, the choices we make in our bathrooms become integral to a sustainable and harmonious future.

UP RERA Mandates Consistent Project Naming Across All Documents

UP RERA Mandates Consistent Project Naming Across All Documents

In a significant move aimed at enhancing transparency and reducing confusion among homebuyers, the Uttar Pradesh Real Estate Regulatory Authority (UP RERA) has mandated that promoters must use consistent naming for their projects across all official documents and marketing materials. This directive, issued on March 16, requires that the project names on maps sanctioned by development authorities and those registered with RERA remain the same.

Read The RERA update to know more.

#RERA #UPRERA #Mandate

Source: https://rprealtyplus.com/news-views/up-rera-mandates-consistent-project-naming-across-all-documents-114508.html

UP Replicates Maharashtra’s Real Estate Policies: All About 3 Key MahaRERA Decisions Implemented as Pilot

UP Replicates Maharashtra’s Real Estate Policies: All About 3 Key MahaRERA Decisions Implemented as Pilot

Uttar Pradesh has adopted three important policy decisions by the Maharashtra Real Estate Regulatory Authority, or MahaRERA, including mandatory QR code for each real estate project’s information; mandatory training and certification for agents; option to deregister non-viable projects subject to conditions.

Read The RERA update to know more.

#RERA #UPRERA #PolicyAdoption #Certification

Source: https://www.news18.com/india/up-replicates-maharashtra-real-estate-policies-all-about-3-key-maharera-decisions-implemented-as-pilot-8817678.html

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RERA Certification now a must for all agents in UP

Rera certification now a must for all agents in UP

UP-Rera will start a training and certification programme for real estate agents in April and allow only agents it certifies to operate from next year. Prior certification will be mandatory for new agents while the ones already registered will have a year to take the course and get a certificate, failing which their registration will be cancelled.

Read The RERA update to know more.

#RERA #UPRERA #Certification

Source: https://timesofindia.indiatimes.com/city/ghaziabad/rera-certification-now-mandatory-for-all-agents-in-up-ghaziabad/articleshow/108358396.cms

More developers filing timely quarterly reports after strict warning: MahaRERA

The Maharashtra Real Estate Regulatory Authority’s (MahaRERA) strict action against erring developers violating RERA rules have resulted in developers filing the quarterly progress reports (QPR) on the MahaRERA portal on their own, the authority said in a statement.

The quarterly progress report (QPR) provides quarterly updates on project status to home buyers and prospective investors about the way the project will be developed. It is imperative that all developers registered under the RERA update the QPR on time. However, even after notices on strict actions, a sizable number of developers don’t update their QPR page on the MahaRERA portal.

The MahaRERA had taken stringent action against developers including serving notices on suspending their projects in January 2023 when the ratio was 2 out of 746 developers (0.03%) complying with MahaRERA. In June 2023, the number improved with 333 out of 633 developers (52.6%) following the rules mentioned under the RERA Act and filing QPRs on time.

“In order to closely and effectively monitor these regulatory provisions, MahaRERA has implemented a financial quarter-based project progress reporting system from the first quarter of the projects registered from January 2023. MahaRERA has also taken action to suspend direct registration of projects that do not submit quarterly forms,” mentioned Ajoy Mehta, chairman, MahaRERA, according to media reports.

MAHARERA Collabs with ASCI to Identify Non-Compliant Real Estate Developers

MahaRERA Collabs with ASCI to Identify Non-Compliant Real Estate Developers

In a significant move towards enhancing transparency and accountability in the real estate sector, the Maharashtra Real Estate Regulatory Authority (MAHARERA) has entered into a collaboration with the Advertising Standards Council of India (ASCI).

Read The RERA update to know more.

#RERA #MahaRERA #ASCI

Source: https://www.constructionworld.in/latest-construction-news/real-estate-news/maharera-collabs-with-asci-to-identify-non-compliant-real-estate-developers/51155

MahaRERA Simplifies Registration Process

MahaRERA Simplifies Registration Process

In a significant move, Maharashtra Real Estate Regulatory Authority (MahaRERA) has streamlined the registration process for builders with over 50 housing units. The initiative aims to simplify the administrative procedures, making it more convenient for large-scale developers to comply with regulations

Read The RERA update to know more.

#RERA #MahaRERA #Registration

Source: https://www.constructionworld.in/latest-construction-news/real-estate-news/maharera-simplifies-registration-process/50975