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

[/vc_column_text][/vc_column][/vc_row]

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

Centre asks states to follow ‘Gujarat model’ for recovery of dues in case builders defy Rera orders

Centre asks states to follow ‘Gujarat model’ for recovery of dues in case builders defy Rera orders

Amid rising instances of builders not complying with orders passed by RERA, the housing ministry has adviced state government to follow the “Gujarat model”, which has an effective recovery mechanism and appoints officers under the sate laws for retrieving the dues.

Read The RERA update to know more.

#RERA #GujaratModel #Recovery

Source: https://timesofindia.indiatimes.com/india/centre-asks-states-to-follow-gujarat-model-for-recovery-of-dues-in-case-builders-defy-rera-orders/articleshow/107467716.cms

MahaRERA To Launch An Improved Portal In February

MahaRERA To Launch An Improved Portal In February

In a move to enhance transparency and efficiency in the real estate sector, the Maharashtra Real Estate Regulatory Authority (MahaRERA) is gearing up to launch its new regulatory portal, MahaRERA Complaint and Regulatory Integrated Technology Implementation (MahaRERA CRITI), in February 2024. The upgraded website aims to simplify the home purchasing process for both homebuyers and developers, offering a more user-friendly experience.

Read The RERA update to know more.

#RERA #MahaRERA #NewPortal

Source: https://timesproperty.com/article/post/maharera-to-launch-improved-portal-in-feb-blid6650

State nominates WBRERA website for E-Governance 2024 Award

State nominates WBRERA website for E-Governance 2024 Award

The West Bengal Real Estate Regulatory Authority (WBRERA) website has been selected for nomination by the committee headed by the state chief secretary for the national awards for E-Governance 2024. This is being considered a significant achievement given that the website began functioning from January 31, 2023 and is yet to complete a year.

Read The RERA update to know more.

#RERA #WBRERA #EGovernance

Source: https://www.millenniumpost.in/bengal/state-nominates-wbrera-website-for-e-governance-2024-award-549667

‘One project, one MahaRERA no.’ to protect home buyers

‘One project, one MahaRERA no.’ to protect home buyers

MahaRERA has come out with ‘one standalone project, one MahaRERA number’ policy to safeguard the interests of home buyer.

Read The RERA update to know more.

#RERA #MahaRERA #OneProjectOneMahaRERA

Source: https://timesofindia.indiatimes.com/city/mumbai/maharera-implements-one-project-one-registration-number-policy-to-safeguard-home-buyers/articleshow/106942154.cms

Haryana RERA advises buyer to not invest in projects without RERA registration

Haryana RERA advises buyer to not invest in projects without RERA registration

The Gurgaon bench of Haryana Real Estate Regulatory Authority (HARERA), has advised the real estate buyers to not book properties in projects that are not registered with RERA.

Read The RERA update to know more.

#RERA #HARERA #DoNotBuy

Source: https://economictimes.indiatimes.com/industry/services/property-/-cstruction/haryana-rera-advises-buyer-to-not-invest-in-projects-without-rera-registration/articleshow/106705521.cms