Skip to main content

Maharashtra: 500 builders register as RERA deadline nears

To Register with RERA Click Here

Only 8 Days Left 

Mumbai: With the Real Estate Regulatory Authority (RERA) just a fortnight away, more than 500 developers across Maharashtra out of the estimated 9000 have registered on the website so far. The new act directs developers and real estate agents to register on the MahaRERA website.
A senior RERA official said that the reason behind the less number of registration is uncertain. He said, “Despite providing a new window for developers to make corrections of obvious errors in the submitted project, the number of registrations on the site has been low. Typographical errors and name correction can be edited through the window.” The official added that the earlier blockage to such provisions deterred developers from uploading their project details.
Mayur Shah, newly elected president of MCHI-CREDAI, an association representing the interests of builders, said, that there are over 1000 projects that are yet to be uploaded on the website.  According to RERA authorities, developers are rechecking and reverifying their project details that are to be submitted on the website to avoid any kind of errors. However, now they will not have to worry about the corrections as the special window will allow them to edit their errors even after submitting their projects.
More than 3,500 real estate agents have registered themselves on the website. Since the deadline for RERA registration is on July 31, the authorities have decided to include the correction window so that the developers do not avoid registering themselves under RERA.


Comments

Post a Comment

Popular posts from this blog

RERA Self Declaration to be submitted by the Promoters to the Bank

For Registration visit  www.GoRERA.com (Only 11 days left) Circular No. 3/ 2017 No.MahaRERA/Secy/File   No .27 /79/2017 Date : 0 7 th June 20 1 7 . Self  Declaration to be submitted  by  Promoters to the   Bank. Whereas the MahaRERA Authority, under section 37 of the RERA Act, 2016 and Regulation 38 of the MahaRERA (General) Regulations 2017 is vested with the powers to issue directions and orders to promoters, real estate agents and allottees from time to time for effective implementation of the Act and to achieve the underlying object behind the Real Estate (Regulation and Development) Act, 2016. Whereas the promoter under section 4(2)(l)(D) of the Real Estate (Regulation and Development) Act, 2016 is required to deposit seventy per cent of the amounts realised for the real estate project from the allott ees in a separate account  to be maintained  in...
2 comments
Read more

Mumbai: 150 homebuyers register a complaint with MahaRERA against real estate project at Mira Road

Nearly 150 homebuyers have registered a complaint with the Maharashtra Real Estate Regulatory Authority (MahaRERA) against a real estate project at Mira Road which has been stalled for the last four years. Buyers said that the construction work of the project was affected after a dispute among the directors of the company, Kashmira Ceramics Products. According to one of the buyers, the project named Tanvi Eminence, is divided in two phases. It was announced in 2010 with 500 flats and the developer had promised to deliver the flats by 2016, however, the project got stalled in 2013 after a fallout amongst the directors. The buyers will be meeting Chief Minister Devendra Fadnavis and state chief secretary in order to take action against the developer. Buyers alleged each of them had paid an advance of nearly Rs 25 lakh to the developer while booking the flats and most of them are now paying off their loans. Although, only 150 buyers have lodged complaints, there are more than 400 ho...
2 comments
Read more

Deadline July 31, but only 350 of 9,000 Maharashtra builders sign up with RERA

MUMBAI: Around 9,000 builders  in the state are expected to register their projects under the  MahaRERA, but only 350 of them have done so since May 1, when the regulations came into effect, reveal MahaRERA authorities. The deadline for registration is July 31. If builders don't register their projects, they face fine under the RERA and even a jail term in case of repeat offence. Industry experts say the poor registration rate might be an effect of the slow pace of construction projects and absence of new launches. Around 80,000 residential units remain unsold in the Mumbai Metropolitan Region, which is second after the National Capital Region which has 1.6 lakh unsold units. Explaining the current situation, Ramesh Nair chairman of CII Realty and Infrastructure Conclave and CEO & Country Head, JLL India, said, "The number of new launches has come down and the focus has shifted to completion of existing projects. The profitability has f...
2 comments
Read more