MahaRERA Makes It Mandatory For Real Estate Developers To Mention Delivery Date Of Amenities And Occupation Certificate

MahaRERA Mandates Developers to Specify Delivery Dates for Amenities & Occupation Certificates

MahaRERA has taken a significant step to protect homebuyers by making it mandatory for real estate developers to clearly state the exact date by which facilities and amenities will be delivered, along with the expected date of obtaining the Occupation Certificate (OC).

#MahaRERA #RealEstateReforms #HomebuyerProtection #OccupationCertificate #RealEstateNews #MahaRERAUpdates #BuyerFirst #RealEstateTransparency

Source: https://www.hindustantimes.com/real-estate/maharera-makes-it-mandatory-for-real-estate-developers-to-mention-delivery-date-of-amenities-and-occupation-certificate-101722425501541.html

MahaRERA To Hold Fifth Exam For 5,260 Real Estate Agents In Maharashtra To Protect Home Buyers’ Interests

MahaRERA To Hold Fifth Exam For 5,260 Real Estate Agents In Maharashtra To Protect Home Buyers’ Interests
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Exciting news for the real estate community! MahaRERA is set to conduct the fifth competency exam for 5,260 real estate agents, ensuring they meet the high standards required to protect homebuyers’ interests.

Source: https://www.hindustantimes.com/real-estate/maharera-to-hold-fifth-exam-for-5-260-real-estate-agents-in-maharashtra-to-protect-home-buyers-interests-101721802816576.html

Promoters Must Publish Project QR Codes In Every Brochure & Advertisement: UP-RERA

Promoters Must Publish Project QR Codes In Every Brochure & Advertisement: UP-RERA
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UP-RERA has now assigned a unique QR code to every new project being registered and to every project with a live or valid registration.
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Buyers can now scan these QR codes to access complete and accurate project details directly from the UP-RERA portal, ensuring transparency and trust.
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Sanjay Bhoosreddy, Chairman, UP-RERA, stated:
“To ensure that consumers get complete and correct information about the project and the promoter, we have assigned unique QR codes to projects. It is now mandatory for promoters to include these QR codes in all documents shared with allottees and in all promotional materials.”
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Key Benefits for Buyers:
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Easy verification of project details.
Access to land documents, approved layouts, project specifications, and more.
Transparent information on project progress and legal compliances.
Stay Informed and Make Confident Decisions!
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Source: https://realty.economictimes.indiatimes.com/news/rera/promoters-must-publish-project-qr-codes-in-every-brochure-advertisement-up-rera/111851611

MahaRERA To Soon Announce Real Estate Project Grading Details

MahaRERA To Soon Announce Real Estate Project Grading Details
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The Maharashtra Real Estate Regulatory Authority (MahaRERA) is set to release details of real estate project grading within a month. Using AI tools, the grading will be based on technical, financial, legal details, and project overview.
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‘Norms on what basis we will grade real estate projects are ready. We had put out a discussion paper for grading and we have already received suggestions and objections for the same, which have also been incorporated,” said Ajoy Mehta, chairman of MahaRERA. The new AI-based system for grading will be operational within 15 to 20 days, with the first grading period starting October 1, 2023, to March 31, 2024.
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Stay tuned for the RERA update to know more.
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#RERA #MahaRERA #ProjectGrading

Source: https://www.rprealtyplus.com/news-views/maharera-to-soon-announce-real-estate-project-grading-details-115971.html

Inviting Suggestions on Draft Regulation for Quality Assurance

Inviting Suggestions on Draft Regulation for Quality Assurance

MahaRERA proposes a proactive approach centered on quality assurance as its primary objective. This approach supports preventing defects from arising initially, thereby obviating the need for costly rework.

Read The RERA update to know more.

#RERA #MahaRERA #Suggestions

Source: https://maharera.mahaonline.gov.in/Site/Upload/Pdf/INVITING%20SUGGESTIONS%20ON%20DRAFT%20REGULATION%20FOR%20QUALITY%20ASSURANCE_1.pdf

MahaRERA Keeps Registration Of 1,750 Lapsed Housing Projects In Abeyance

MahaRERA Keeps Registration Of 1,750 Lapsed Housing Projects In Abeyance
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The Maharashtra Real Estate Regulatory Authority (MahaRERA) has kept the registration of 1,750 lapsed housing projects across the state in abeyance and has initiated measures to take similar action on additional 1,137 projects.
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Read The RERA update to know more.

#RERA #MahaRERA #LapsedProjects

Source: https://realty.economictimes.indiatimes.com/news/rera/maharera-keeps-registration-of-1750-lapsed-housing-projects-in-abeyance/110871748

Maharera Tells Builder To Pay Buyer For Delay In Giving Flat

MahaRERA tells builder to pay buyer for delay in giving Flat
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The Maharashtra Real Estate Regulatory Authority (MahaRERA) has directed the builder of Godrej 24, a Hinjawadi-based project, to pay an interest amount for a delay in giving possession of a flat to an Army officer.
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Read The RERA update to know more.

#RERA #MahaRERA #Delay

Source: https://punemirror.com/pune/others/maharera-tells-builder-to-pay-buyer-for-delay-in-giving-flat/cid1718881049.htm

Developers, Homebuyers Oppose Up Rera’s Occupancy Certificate Rule, Here’s Why

Developers, Homebuyers Oppose Up Rera’s Occupancy Certificate Rule, Here’s Why

A prominent real estate developers’ association and a homebuyers’ group in Noida urged UP RERA to reconsider its directive mandating builders to obtain an occupancy certificate (OC) before issuing possession letters.

Read The RERA update to know more.

#RERA #UPRERA #Homebuyers

Source: https://www.news18.com/business/developers-homebuyers-oppose-up-reras-occupancy-certificate-rule-heres-why-8930414.html

“People Are Not Aware Of The Provisions And Guidelines Of RERA”

People Are Not Aware Of The Provisions And Guidelines Of RERA

A 3-day real estate workshop was jointly organised by The National Real Estate Development Council (NAREDCO), under the aegis of the Ministry of Housing & Urban Affairs, and Delhi RERA at the second Management Development Programme titled ‘RERA & Real Estate Essentials’.

Read The RERA update to know more.

#RERA #Workshop #RealEstate

Source: https://www.freepressjournal.in/business/people-are-not-aware-of-the-provisions-and-guidelines-of-rera-anand-kumar-chairman-nct-of-delhi-rera

Property Conveyance: KRERA Asks Developer to Hand Over Possession of Common Areas to Homebuyers

Property conveyance: KRERA asks developer to hand over possession of common areas to homebuyers

In one of the first such rulings, Karnataka RERA has ordered a developer to hand over the possession of common areas to the homebuyers’ association in a south Bengaluru project.

Read The RERA update to know more.

#RERA #KRERA #Possession

Source: https://www.moneycontrol.com/news/business/real-estate/property-conveyance-krera-asks-developer-to-hand-over-possession-of-common-areas-to-homebuyers-12734680.html