MahaRERA issues notices to 563 developers for non-compliance in project detail uploads; Pune tops the list

Real Estate regulator Maharashtra Regulatory Authority of India (MahaRERA) has issued notices to 563 real estate developers in Maharashtra warning of cancellation of their registration owing to non-compliance of uploading details on the website of MahaRERA for the homebuyers.

Out of the total 563 developers, Pune tops the list with 124 developers being non-compliant despite being issued notices earlier.

Background

The MahaRERA had in May 2023, issued notices to around 746 developers for non-compliance of uploading quarterly progress reports and other project details including financial disclosures on the website of the MahaRERA. Out of the 746 developers, 183 developers complied and uploaded details.

However, according to MahaRERA, 563 developers have not complied by not uploading details in the public domain despite receiving notices.

Warning notice giving 45 days:

“If the required information is not updated and responded within 45 days, the registration of the project will be canceled and all transactions like bank, construction, new registration of the project will be stopped,” the MahaRERA said in a statemen issued on July 18.

The notice issued by MahaRERA to developers reads, “You have chosen not to comply with the above-referred provision of Section 11(1) of the Act despite issuance of service of the notice. Please note that, if you fail show cause within the time period of 45 days mentioned herein, necessary orders as deemed fit shall be passed by the Authority entirely at your risk as to cost and consequences.”

Under the RERA Act, developers are required to submit project status, the financial position of the project, booking numbers, annual reports and other details.

Where are the projects?

According to a list shared by MahaRERA, out of 563 developers who have not complied, maximum non-compliant 124 developers are from Pune district, 98 in Nashik district, 71 in Thane district, 48 in Nagur district and 38 from Mumbai etc.

Non-compliance ratio

On February 18, Moneycontrol reported MahaRERA’s statement of around 75 to 80 percent of ongoing registered projects in Maharashtra not regularly uploading quarterly progress reports on the project status and finances.

Sanjay Deshmukh, Nodal Officer for MahaRERA’s lapsed project vertical, during a panel discussion on February 17, had said, “As per the RERA Act, a developer is supposed to submit quarterly and annual reports. However, for about 75-80 percent of the ongoing projects, quarterly reports were not uploaded. We have issued notices and developers have begun the compliance process.”

Source: https://www.moneycontrol.com/news/business/real-estate/maharera-issues-notices-to-563-developers-for-non-compliance-in-project-detail-uploads-pune-tops-the-list-10982511.html

Dealing Your Home With Monsoon | This Checklist Might Help Protecting Your Home from Rainy Season

Rainy season brings pleasant weather, but it can also bring a series of problems if your property (home, office, etc) is not ready to handle the negative effects of this weather.

Although the monsoon season is one of the best seasons of the year, it also brings plethora of small and big problems for your property & health. From mold and fungus to roof leaks and damp walls, this season is all about trying to keep the inside and outside of our home in a decent & dry condition. As prolonged exposure to water can result in dampness, peeling paint and unhealthy living conditions, it is recommended to make sure that your house is well-equipped to deal with the rainy season.

Significance of Monsoon Home Care

With the onset of monsoon, there is an unusual odour in the home, garden and wardrobes, which can be a complete turn-off. Different types of insects and pests surface, making life difficult.

The monsoon season can be intimidating as it brings along unpleasant odors, mosquitoes, flies, pests, moss, molds, and fungus into our homes. It also exposes us to air-borne and water-borne diseases, posing significant health risks. Suddenly, our positive atmosphere diminishes, and worries take over, leaving us with limited options. Hence, it is crucial to be cautious during the monsoon and prioritize the well-being of our home to effectively tackle the challenges brought by the rain. Ultimately, a healthy home is essential for fostering a happy environment for its inhabitants.

During the monsoon season, home care becomes crucial for several reasons

  • Protection from Water Damage: Monsoon brings heavy rainfall, increasing the risk of water damage to your home. Proper home care measures are crucial in preventing water intrusion, leaks, and flooding that can compromise the integrity of your property.
  • Preservation of Structural Integrity: Continuous exposure to moisture during the monsoon can weaken the structure of your home, leading to cracks, decay, and other structural issues. By implementing preventive measures, you can maintain the strength and durability of your property.
  • Management of Humidity and Mold Growth: The high humidity levels during the monsoon create an environment conducive to mold and mildew growth. Effective home care practices, including ventilation and moisture control, help prevent the proliferation of these harmful substances and ensure a healthier living environment.
  • Ensuring Safety: Water and electricity pose a significant risk when combined. With increased moisture and the potential for leaks, electrical safety becomes paramount during the monsoon. Taking proper precautions and addressing any electrical issues, helps prevent hazards and promotes a safe living space.
  • Pest Control: Monsoon provides favorable conditions for pests like mosquitoes, termites, and rodents to thrive. Implementing pest control measures, such as sealing entry points, eliminating standing water, and keeping surroundings clean, is essential to prevent infestations.
  • Preserve Indoor Air Quality: The monsoon season can lead to poor indoor air quality due to increased moisture, mold, and allergens. This can cause respiratory problems, allergies, and other health issues.
  • Enhancement of Comfort and Well-being: Taking care of your home during the monsoon promotes a comfortable and safe living environment. It reduces stress, creates a sense of well-being, and allows you to enjoy the rainy season without worrying about potential damages or health hazards.

    • Understanding the significance of monsoon home care and implementing the appropriate measures ensures the protection and well-being of your home and its occupants throughout the rainy season.

    Essential Checklist for your Home in this Monsoon

    Rains bring in so much relief from the summer heat, but, with it also comes, humidity, seepage and other problems. As monsoon has arrived, we are ready with our checklist for your property. You would be happy to note that this checklist can be used to reduce/ prevent the Pre & Post Monsoon effects. Use the checklist below to make sure that you won’t have to worry about the problems when the rain hits your home / office.

    Following is the checklist for your property care:

    1. External walls to be checked for any cracks: Check the external walls for crack. Due to this, rainwater and moisture will enter wall surface thereby affecting adjacent / in-house wall surface and will weaken the integrity of associated elements.

    2. Check the gaps around window: Most common damage inside homes / offices occur due to water seepage from the gaps between window frame & external wall. Gap will be a source for rainwater to flow inside the home. These gaps can become entry points for rainwater, leading to moisture intrusion, paint deterioration, and wall damage. Properly fill and seal these gaps to prevent water seepage.

    3. Check blockage in drain pipe outlet at Roof and Balcony: Check and clear any blockages in the drain pipe outlets on your roof and balcony. This will prevent water from accumulating and causing stagnant water conditions.

    4. Check Electrical fittings to ensure Safety: Negligence in maintaining electrical wiring can be fatal, or at least it will force you to live without power in the monsoon due to breakdowns.

    Damaged electrical sockets and wiring should be addressed before the onset of the rains. For more details, refer to our electrical safety tips for monsoon.

    It is better to get things inspected properly by the home inspection professionals. They can rule out the shortcomings and take up repairs accordingly as part of your monsoon precautions.

    Apart from this, check the outside electrical switches if they are exposed to rains to avoid electrical accidents. Cover them using splash guard to stop penetration of rainwater to avoid electric shock.

    5. Fix Dampness / Seepage problem in areas with electrical fitting: Always try to avoid the dampness or seepage problem in your home/ office especially the areas with electrical outlets like electrical system and switches. These can lead to electrical hazards at your home/ office.

    6. Address termite infestations: Termite infestation is a major problem where high humidity / moisture exist. As the rainwater creates moisture, if not treated at the right time, it can lead to increase in termite infestation. So it is important to check them and get rid of it as soon as possible.

    7. Check for leaks in roofs: Check your roof or terrace floors for any leakage and get it fixed as soon as possible before it damages the associated/ attached area. This can happen due to various reasons that will depend on the type of flooring condition.

    8. Check the waterproofing condition at Roof: It is important to check condition of waterproofing on the roof/ terrace before rainy season to avoid significant damage to property due to moisture. Spring is the best season to perform outside home/ office improvements especially waterproofing at roof.

    9. Check your Air Conditioner for any leakage: Air conditioner should be checked for any possible leakage to avoid increase in moisture content. Further, AC drain line cleaning & setting AC as per weather will also help.

    10. Assess the surroundings: Look for any tree branches or vegetation leaning against your roof or walls. Trim or cut them to avoid potential damage during heavy downpours.

    11. Watch for signs of moisture or dampness: Keep an eye out for visual signs of moisture or dampness, especially on ceilings and walls. Stagnant water on the roof can lead to moisture intrusion, so early detection is crucial.

    12. Check the water pockets in roof and balcony: If there is any slope problem, then there are chances of water pocket occurrence in roof and balcony especially around drain outlets.

    13. Exterior wall Condition: It is important to check the condition of external wall. There are chances of presence of algae, fungus or paint deterioration, which can further lead to spreading of moisture in internal areas of house.

    14. Check the areas of wall junction with door: If sealant or any other filling material is deteriorated at sliding door frame of balcony / terrace and wall, there are chances of moisture spreading intruding from these areas. So it is important to check the areas of wall junction with doors as well.

    By following this checklist, you can proactively address potential issues and protect your property from the challenges brought by the monsoon season.

    Apart from this, you can also read our blog on Home care solutions during Monsoon

    Conclusion

    While the monsoons give us endless reasons to like them, they also tend to damage both the exteriors and interiors of our property. It is important to inspect your home or any other property before & after the monsoon so, that the problems can be rectified as soon as possible before they get increased in their magnitude.

    External Reference Links:
    1. https://myfreshair.in/indoor-air-pollution-one-of-the-top-10-disease-risk-factors-in-india/

    2. https://www.iifl.com/blogs/home-care-solutions-during-monsoon

    Internal Reference Links:
    1. https://macj-abuyerschoice.com/electrical-inspections-of-a-home-property/

    2. https://macj-abuyerschoice.com/8-moisture-warning-signals-in-your-home/

    Assam RERA Mulls Starting Grading System For Real Estate Projects

    GUWAHATI: The Maharashtra Real Estate Regulatory Authority (MahaRERA) has decided to implement a grading system for housing projects across the state. The initiative aims to empower homebuyers in filtering out unprofessional developers while providing them with a better understanding of project suitability and quality. Along similar lines, the Assam Real Estate Regulatory Authority (RERA) is also contemplating starting the grading system in Assam.

    A senior official of RERA said, “According to the guidelines prepared during the formation of RERA, starting grading system for real estate projects is one of the most important responsibilities for the body,” adding that the body now is contemplating to start the grading system and for the purpose an “analysis” is ongoing.

    The official further opined that before RERA it would have been great if the state government could have formulated a policy which could have started “marking” the real estate projects.

    The official said that to start the grading system various aspects of the projects will have to be studied. The study for grading will include a project overview, technical snapshot, financial details, and legal snapshot, said the official adding that the system have to consider the promoters’ compliance track record, legal litigations, project finance quality, amenities, the status of statutory approvals, booking percentage, financial and legal encumbrances, and audit certification, among other criteria. “Such information is typically inaccessible to homebuyers or rarely provided by builders,” said the official.

    The official said that RERA receives maximum complaints regarding parking and visitors parking in apartments. “There should be 25% of parking space in any apartment allotted to visitors,” said the official and selling parking space is not legal. He stressed that once the grading system starts, all these issues will be easily taken care of.

    The official questioned the process by which authorities like Guwahati Metropolitan Development Authority (GMDA) and Guwahati Municipal Corporation (GMC) issue permissions as according to the official many projects across Assam “violate” building bye-law norms.

    The introduction of the grading system aims to assist homebuyers in making more informed decisions said the official by considering factors like financial risk, legal risk, technical risk, and timely completion risk, adding that potential investors can better understand the projects they are considering to buy.

    The Assam RERA official said that if the grading system starts in Assam, the process vsill be very transparent and public opinion on the grading system will be taken before starting the process.

    In Maharashtra, the grading process is scheduled to commence between October 2023 and March 2024. Initially, all projects registered from January 2023 onwards will undergo grading. Subsequently, the Maha RERA authorities plan to establish a matrix for grading promoters. The first round of grading results is expected to be announced on April 20 next year.

    The Assam RERA official said that global examples of successful grading systems in Singapore, Australia, and Dubai have resulted in a better real estate environment there and the grading system in Assam also ensure better projects.

    The officials are now studying all aspects of the grading system and a decision be made in a couple of months.

    Source: https://www.guwahatiplus.com/assam/assam-rera-mulls-starting-grading-system-for-real-estate-projects

    Builder & Buyers to Finish Project Stuck Since 2014

    NOIDA: The developer and homebuyers will come together to complete 985 flats in a housing society that has hardly seen any development in the past decade.

    The move follows an order by UP-Rera to allow the developer of Antriksh Sanskriti and the association of allottees to jointly complete the first phase of the project under its watch. Off NH-9 in Chhajarsi village, Sanskriti was launched in 2010 and was to have 1,600 flats across three phases.

    The project, however, has been stalled since 2014, with 985 flats yet to be constructed in the first phase itself. While the registration of phase 1 lapsed in April 2019, those of phases 2 and 3 were revoked by the Ghaziabad Development Authority (GDA) in June last year over mounting dues.

    According to a plan submitted to Rera during the hearing, Rs 227 crore may be used to complete the three phases of Sanskriti. A total of Rs 328 crore is expected to be raised from the project — a contribution of Rs 20 crore from the promoter upfront, Rs 67 crore receivables from existing allottees and Rs 241 crore from the sale of flats.

    Rera has asked the developer, Antriksh Realtech, and Antriksh Sanskriti Welfare Association (the association of allottees) to complete the project by June 2025.

    The regulatory authority has laid down a few strict conditions so that the project is completed in time. For instance, the association will have to enter into an agreement with the promoter and submit a copy to Rera within 15 days of the order. The association will also have to submit details of its office-bearers, the consent of at least 50% of the allottees and the complete project plan.

    In terms of funds, the developer will have to deposit Rs 20 crore upfront in a separate account. Of that, Rs 9.2 crore will have to be paid to GDA and the remaining amount could be used to start construction.

    A committee under UP-Rera chairperson T Venkatesh will monitor the progress of the project.

    “Once the promoter clears the dues, GDA will allow the project to be developed. After that, we will have to get the layout sanctioned once again. If all goes according to the plan, we hope to start construction by the middle of August,” said Jiten Kumar Dalai, the president of the association.

    It was in 2017 that the buyers moved Rera regarding the delay in handing over flats. Last year, the association submitted a plan to complete the remaining flats. Rera then considered the proposal for the buyers and Antriksh Realtech to jointly construct the project.

    Rakesh Yadav, the director of Antriksh Realtech, said the project was still viable and they would complete the work within the time frame. “Altogether, 1,600 flats are supposed to be built across three phases, with 985 in the first one,” he added.

    RD Paliwal, conciliation consultant at Rera, said, “The project is moving in the right direction with collaborative approach of all stakeholders. The parties should abide by their commitments to complete the project in time.”Rera chief Venkatesh said Sanskriti was the 17th such project in the state where the developer and buyers had come together to complete it. “We are examining the possibility of facilitating the completion of more such projects.”

    Source: https://timesofindia.indiatimes.com/city/noida/builder-buyers-to-finish-project-stuck-since-2014-/articleshow/101586264.cms

    Importance of Moisture / Damp Inspection: Protecting Your Property & Health

    Introduction:

    When it comes to maintaining a healthy and safe living environment, addressing dampness in your home is of utmost importance. Dampness can lead to a range of issues, including mold growth, property damage including structural, and human health risks.

    Dampness in a property is a common issue that can have detrimental effects on both the structural integrity of the building and the health of its occupants. Whether it is due to seepage, leaks, condensation, poor ventilation or due to other causes, dampness can lead to a host of problems such as mold growth, decay, and damage to the building materials.

    Conducting a damp / moisture inspection in your home is a proactive step towards identifying and resolving damp-related problems. That is why damp inspection is crucial to identify and address damp issues promptly. In this article, we will explore the significance of damp or moisture inspections in your home and the benefits it offers.

    Common problems related to Moisture in the Home

    Wet areas in your home are more vulnerable to water damage; so experienced and knowledgeable inspectors pay special attention to checking bathrooms kitchens and balconies. Some of the common problems include:

    • In bathrooms, damage to wall tiles and flooring may be caused by inadequate or poor waterproofing.
    • Leaking taps, pipes, toilets and other plumbing issues may result in significant water damage to cabinets, wall and floors. It can also percolate to peripheral areas.
    • In kitchens and other wet areas, the inspector will pay specific attention to areas underneath shelves, inside cupboards, as also the skirting along walls for signs of overflows, sinks as well as leaks arising from improper plumbing installation.
    • Absence of proper drainage or improper slope leading to water accumulation can on the roof or balcony or wet areas can lead to seepage/dampness.

    How to identify the source of dampness?

    • Damp walls feel cold to the touch; it also causes the flaking of paint and peeling off wallpaper. Additionally, mold and fungal growth form greenish-grey spots on the walls. Such wall dampness is caused by constant water leakage / seepage, maybe from the roof, leaking water tanks, or seepage from exterior walls, balcony or terrace or windows.
    • Water may seep from constant leakage from a plumbing installation or water collected on the roof or upper floor through the ceiling to cause discoloration in paint or create visible brown patches in the ceiling.
    • Areas like bathrooms, kitchens, store rooms, or closed spaces are usually not well-ventilated and are a source of A strong musty smell within these areas is a clear indication of dampness.
    • Checking the tile grout in moisture-laden areas like bathrooms and kitchens for any kind of mold growth. The mold shows the grouting’s waterproofing is not adequate and might let water seep into the floor or walls.
    • Black mold may develop around the frames of wooden and uPVC windows due to water seepage through gaps between the window frame and the wall

    Damp or Moisture Inspections play a crucial role in identifying the source and addressing moisture issues in your home. It detects the actual source of moisture with the help of advanced thermal imaging technology. Let us know further in detail about its advantages.

    Benefits of Damp inspection for Ensuring a Healthy and Safe Living Environment

    • Early Detection and Prevention

    One of the primary reasons to have routine / annual damp inspections is the early detection and prevention of moisture-related issues. Dampness can occur due to various factors, including leaks, condensation, or poor ventilation. By conducting thorough inspections, professionals can identify signs of dampness in its early stages before it evolves into a more significant problem. This allows us for speedy action to be taken, preventing further damage to the property and reducing the risk of costly repairs down the line.

    • Maintaining Structural Integrity

    Moisture can cause destruction to the structural integrity of a building. It can also cause electrical & mechanical damages and become grave safety issues. When dampness infiltrates the walls, floors, or ceiling, it can weaken the materials and reduce the stability of the structure. With time, this can lead to damage which not only endangers the safety of the property but also decreases its value. Moisture / Damp inspection can identify areas vulnerable to moisture damage, allowing for timely repairs and maintenance to preserve the structural integrity of the property.

    • Prevention of Health Hazards

    Dampness in a property has significant adverse impact on the health of its occupants. Excessive moisture provides an ideal environment for the growth of mold and other harmful microorganisms. These can release spores and allergens into the air, leading to respiratory issues like asthma, allergies, skin issues and other health problems. By conducting damp inspection, potential sources of moisture can be identified, and appropriate measures can be taken, ensuring a healthy living environment for residents.

    • Protecting Property Value

    As a property owner, it is essential to prioritize the maintenance and well-being of your investment. Investing in damp inspection can help you maintain the value of your property. By proactively addressing any damp issues beforehand, you can present a well-maintained and desirable property, increasing its market value and attracting potential buyers or tenants.

    • Avoiding Unpleasant Smell

    As mentioned above, untreated mold due to dampness, can create an unlikable and musty smell around your home. You may experience an unpleasant smell but not know where it is coming from; this may be because the damp patch or mold spores are hidden behind the wall or furniture or anywhere. The smell of dampness and mold can become strong and overwhelming in your home; you do not want it to stop you from having guests around or interfere with your everyday life. Luckily, with the correct damp treatment carried out by a professional, you should be able to get rid of the smell fairly easily. Just remember that when it comes to dampness, out of sight should not mean out of mind.

    • Improving Indoor Air Quality

    Dampness and mold growth can significantly degrade indoor air quality. Mold spores, along with other airborne allergens, can lead to respiratory problems and worsen existing conditions such as asthma or allergies. A damp inspection helps identify areas of concern and enables you to take the necessary steps to improve indoor air quality. This may include implementing better ventilation, installing natural dehumidifiers like indoor plants, or repairing leaks and moisture sources.

    • Prevent Termite Infestation

    Termites are destructive pests that can cause significant damage to your property. They feed on wood and cellulose materials, making homes with wooden structures particularly vulnerable. While there are various methods to prevent termite infestations, one important aspect is conducting regular damp inspections. Dampness provides an ideal environment for termites to thrive, as they require moisture to survive. With damp inspection, you can find the termite infestation & their source to give you a long term solution.

    • Improving the appearance of your Home

    Painting over damp patches can cause the paint to crack and deteriorate and often, the black patches can show through paint. Instead of wasting your time and money on products in an attempt to cover up damp patches, it is best to first get your home inspected thoroughly.

    Conclusion

    Damp / Moisture Inspections are a vital aspect of property maintenance that should not be overlooked. By detecting dampness & its sources in its early stages, helps preserving the structural integrity, preventing health hazards, improving energy efficiency, and protecting property value. It helps you identify damp / seepage / leakage sources, giving you long term – least cost – least destructive solutions. It will save property owners from significant expenses and ensure a safe and comfortable living environment. If you haven’t had a damp inspection recently, it is time to consider scheduling one to safeguard your investment and the well-being of those who reside in your property.

     External Reference Link:
    1.https://ec.europa.eu/health/scientific_committees/opinions_layman/en/indoor-air-pollution/l-2/8-building-dampness.htm

    2.https://myfreshair.in/indoor-air-pollution-one-of-the-top-10-disease-risk-factors-in-india/

    Internal  Reference Link :

    3.https://macj-abuyerschoice.com/how-home-inspection-solves-the-problems-of-waterproofing-companies/

    4. https://macj-abuyerschoice.com/damp-seepage-assessment-with-solutions-through-thermal-imaging-technology/

    UP real estate regulator issued 8,800 recovery certificates worth about Rs 2,400 crore since 2018

    The Uttar Pradesh Real Estate Regulatory Authority (UPRERA) has issued nearly 8,800 recovery certificates (RCs), collectively amounting to around Rs 2,400 crore since 2018.

    Out of this, RCs worth about Rs 1,200 crore have been resolved through recovery and settlement, the Authority data showed.

    A recovery Certificate is a request letter from the RERA Authority addressed to the concerned district collector requesting to recover the specified amount from the defaulting builder as arrears of land revenue under the Revenue Code and to pay the amount to the entitled complainant allottee.

    According to data provided by the UPRERA, as many as 2,500 RCs worth over Rs 800 crore were issued by the Authority in the financial year 2022-23 alone. In the financial year 2022-23, Rs 394.26 crore has been collected by the Gautam Budh Nagar district administration against RCs issued across the state and Rs 353.37 crore has been transferred to the allottees.

    These statistics were released at the 125th meeting of UPRERA, held in Lucknow recently under the chairmanship of Authority’s Chairman Rajive Kumar. The meeting also marked Kumar’s last day as UPRERA Chairman.

    “Overall recovery certificates worth about Rs 1,200 crore have been resolved by the administration through recovery and mutual consent and this is the highest among all RERA institutions (across the country). A quick jump has been noticed in the recovery of RCs after Covid-19 and FY 2022-23 has contributed approximately 33 percent (of the recovered amount) since 2018,” the Authority noted.

    Gautam Budh Nagar leads the data also showed that as many as 3,400 projects have been registered with the real estate regulator across the state with Gautam Budh Nagar leading the chart. Gautam Budh Nagar district has a maximum of 945 projects registered with the UPRERA followed by Lucknow with 702 projects and Ghaziabad with 418.

    Set up in May 2017, the UPRERA is tasked with protecting the interests of homebuyers, bringing in transparency and ensuring speedy resolution of disputes between homebuyers and developers.

    The Authority said it has successfully disposed of 88 percent of the total around 49,000 complaints across the state. UPRERA alone has disposed of almost 43,000 complaints across the state. Approximately 1.07 lakh complaints have been received by RERA authorities in India since 2017, it stated.

    Gautam Budh Nagar topped the list of top 10 districts in complaints disposal across the state with the redressal of 25,803 complaints. It was followed by Lucknow with the disposal of 8,504 complaints and Ghaziabad with the settlement of 5,750 complaints.

    The Authority also said that properties worth about Rs 485 crore have been made dispute-free by resolving more than 1,200 cases through the conciliation forum since 2018.

    Source: https://www.moneycontrol.com/news/business/real-estate/up-real-estate-regulator-issued-8800-recovery-certificates-worth-about-rs-2400-crore-since-2018-10885851.html

    Verification of Commencement Certificates Mandatory for Registration of Projects: MahaRERA

    The Maharashtra Real Estate Regulatory Authority (MahaRERA) will not register any new real estate project unless the commencement certificate is verified by local planning authorities.

    Local authorities such as Corporations, Councils, Nagar Panchayats and Metropolitan Planning authorities were given time till 19 June, 2023, with the option of either integrating their website with MahaRERA or sending independent mails regarding project registrations.

    The commencement certificates now received from local authorities will be compared with those provided by the respective developers and only after the completion of this procedure, registration will be granted.

    The initiative has been taken in the light of the growing number of fraud cases in which several developers submitted fake documents to obtain MahaRERA registration certificates.

    A construction permit in the form of a commencement certificate issued by a competent authority allows the promoter to begin the development works on an immovable property as per the project plan.

    Source: https://www.projectstoday.com/News/Verification-of-commencement-certificates-mandatory-for-registration-of-projects-MahaRERA

    RERA Warns Builders To Display Registration Details On Project Advertisements

    In a strict warning to the builders in Guwahati, the Real Estate Regulatory Authority Assam (RERA) has directed the builders to display RERA registration numbers, project names and website addresses on the hoardings, banners and advertisements of the projects.

    “It has come to the notice of the authority that many builders have been putting up hoardings, banners, advertisement of the real estate projects without displaying the RERA registration number, project name and website address,” the RERA order stated.

    The order further mentioned that this is in violation of section 11 (2) of the Real Estate (Regulation and Development) Act 2016 and the Rules and regulations framed there under.

    “All builders are therefore directed to display their RERA registration number, project name, website address in their advertisements, banner, and hoardings in their project site immediately,” the order further stated. The order said that non-compliance with these instructions will attract the provisions of Section 61 of the Real Estate (Regulation and Development) Act 2016.

    It needs to be mentioned that there are many real estate projects across Guwahati where the RERA registration details of the projects are not mentioned in the hoardings or any other advertisements.

    A manager of the under-construction apartment site at Jyotikuchi where the RERA registration details were not displayed talking to G Plus on condition of anonymity said, “Our project is registered with RERA but we did not know that it is mandatory to display the registration details,” adding that they will soon display all the details.

    Assam Real Estate and Infrastructure Developers’ Association (AREIDA) president PK Sharma talking to G Plus said, “It may have been omitted due to oversight since all projects displayed are already registered.”
    The Real Estate Regulation & Development Act was brought to India in May 2016 after a decade of real estate being tormented at the hands of powerful builders.

    Now, the RERA Act mandates all ongoing and new RERA projects to register with respective RERA Authorities under the ambit of the Act.

    In the case of the non-registration, they will attract penalties under the Act. It is mandatory to have RERA registration for builders of real estate projects with RERA Authorities. In case they fail to comply with the quarterly compliance as mandated under the Act and Rules, they may have to face a complaint filing against them.

    Source: https://www.guwahatiplus.com/guwahati/rera-warns-builders-to-display-registration-details-on-project-advertisements

    Six things you need to know about proposed deregistration of 88 real estate projects in Maharashtra

    Eighty-eight real estate developers have applied to the Maharashtra Real Estate Regulatory Authority (MahaRERA) for deregistration of their real estate projects, following which the regulator has sought objections, if any, from stakeholders.

    MahaRERA had in February 2023 allowed deregistration of projects that were unviable or are were in trouble. Only projects in which claims of the homebuyers or other concerned stakeholders have been settled can be deregistered.

    1) What does MahaRERA say?

    In an order dated June 2, 2023, MahaRERA said promoters of 88 projects had applied for their deregistration. “Any person/legal entity having any objections to the deregistration of the real estate projects as mentioned in the displayed list are hereby called upon to submit their objections within 15 days from the date hereof. The objections be submitted to the following email secy@maharera.mahaonline.gov.in,” it said.

    2) What are the prominent projects proposed for deregistration and developers who want to deregister them?

    According to a list issued by MahaRERA, Kalpataru Group wants to deregister Kalpataru Centrino in Yerwada, Pune. Arihant Superstructures Limited wants to deregister Arihant Aakarshan Phase-2 in Navi Mumbai followed and Hubtown Group the Solaris project in Mumbai and Siddhi in Thane.

    Hubtown could not be reached for a comment. Queries sent to Arihant did not elicit a response. The 88 projects are located in the Mumbai Metropolitan Region, Pune and Nagpur.

    “We would like to clarify that the said entire land parcel (admeasuring approx. 5855.80 sq. mtrs. plus open space area adjacent thereto) was sold during Q2 of last financial FY 22-23. Further, we have not sold any units nor received any advance in relation to any unit(s) in our erstwhile project, Kalpataru Centrino. Therefore, the project is required to be de-registered, suspended or cancelled in accordance with the applicable regulations,” Kalpataru said in a statement.

    Post the aforesaid sale of land, registration of the said project has become infructuous. Accordingly, we have duly applied for the de-registration of the project with MahaRERA as same is no more required in accordance to the order, regulations and process set by MahaRERA, it said.

    3) What is the provision for deregistration?

    MahaRERA said that under Section 34 of the Real Estate (Regulation and Development) Act, one of its functions is to register and regulate real estate projects and real estate agents. There are instances of developers registering projects on which they are unable to commence and complete construction, requiring the regulator to deregister them, it said.

    4) Under what circumstances is deregistration allowed?

    Lack of funds, projects not being economically viable, litigation, disputes including family disputes, and changes in government/planning authority notifications are some of the reasons cited for deregistration of real estate projects. In such cases, keeping these projects registered with MahaRERA will serve no useful purpose, nor would they be beneficial to any stakeholders, MahaRERA said in its February 2023 order.

    5) What are the conditions for deregistration?

    MahaRERA has listed four conditions under which real estate projects can be taken up for deregistration. The first is a real estate project that has zero buyers and the second is one in which the part that is sought to be deregistered has no allottees.

    The third condition is that projects which have bookings shall be considered for deregistration if the rights of such allottees are settled by the promoter and documents to that effect are submitted for verification.

    The fourth condition is that when de-registration of part of a real estate project affects the rights of the rest of the allottees in the balance part of the project, two-thirds of the allottees provide their consent for deregistration.

    6) Is it an easy way out for developers?

    According to legal experts, the deregistration applications should be considered only if the conditions laid down by MahaRERA are being followed by the developers to ensure they do not misuse the provision.

    “As per the spirit of the MahaRERA circular issued regarding deregistration, these applications should be considered as per the conditions laid down in the Circular. Interest of homebuyers, financial institutions etc will remain protected provided conditions of the circular issued by MahaRERA are followed,” said Trupti Daphtary, a lawyer based in Mumbai.

    She added: “This is a good move by MahaRERA and a wider publicity of this information will help the applications to be decided after consideration of the objections received. Further, other states must also borrow from these practices to allow applications only after following a prescribed procedure keeping in mind the rights of all stakeholders.”

    Source: https://www.moneycontrol.com/news/business/real-estate/mc-explains-six-things-you-need-to-know-about-proposed-deregistration-of-88-real-estate-projects-in-maharashtra-10744691.html

    405 Real Estate Agents Clear MahaRERA Test

    Of the 423 real estate agents who appeared in the first-of-its-kind certification examination organized by the Maharashtra Real Estate Regulatory Authority (MahaRERA), 405 have cleared the test.

    As per a recent order issued by the regulatory agency, it is mandatory for all 39,000 agents registered with MahaRERA and unregistered agents to obtain the MahaRERA certification by September 1 to practice as property agents.

    A MahaRERA official said that the objective to have certified real estate agents is that they play an important role as mediators between the seller and the buyer and,they should be well informed about the decisions and new rules introduced by MahaRERA.

    Source: https://indianexpress.com/article/cities/mumbai/405-real-estate-agents-clear-maharera-test-8637662/