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

MahaRERA Suspends Registration Of 20,000 Real Estate Brokers

MahaRERA Suspends Registration Of 20,000 Real Estate Brokers

The registrations of an additional 20,000 agents have been suspended for one year for not obtaining MahaRERA’s real estate agent certificate of competency or not uploading the certificate on the watchdog’s website, an official statement said.

Read The RERA update to know more.

#RERA #MahaRERA #Suspended

Source: https://realty.economictimes.indiatimes.com/news/rera/maharera-suspends-registration-of-20000-real-estate-brokers/110366477

MahaRERA Introduces Minimum Specifications For Retirement Homes And Senior Citizen Housing Projects

MahaRERA introduces minimum specifications for retirement homes and senior citizen housing projects

The Maharashtra Real Estate Regulatory Authority (MahaRERA) has announced comprehensive regulations and specifications for retirement and senior citizen housing, applicable across Maharashtra. These guidelines, detailed in a recent circular, focus on essential aspects such as building design, green building principles, lifts & ramps and safety and security.

Read The RERA update to know more.

#RERA #MahaRERA #RetirementHomes #Guidelines

Source: https://indianexpress.com/article/cities/mumbai/maharera-specifications-retirement-homes-senior-citizen-housing-9333631/