MahaRERA mandates developers to get approved SRO-registered

25 Nov 2019 CW Staff

Being the SRO, CREDAI-Maharashtra has reportedly urged builders to register with it, stating that the entire registration process has been made online and easy for the developers.

As per the MahaRERA decision, while registering a new project or updating an existing one, it is mandatory for the builder to register with recognised SRO bodies such as CREDAI-Maharashtra or other bodies mentioned on the MahaRERA website.

Commenting on the announcement, says Rohit Poddar, Managing Director, Poddar Housing and Development, and Joint Secretary, NAREDCO Maharashtra, “Accredited developer associations play a pivotal role in not only being an enabler in inducing government in framing the progressive policies but also helping developers in addressing challenges they might be facing. Despite meaningful interventions by the policy-makers, slow inventory offtake is still a concern at large. This announcement is a perfect formulation of ecosystem to bring all the stakeholders together and bring the change in the industry.”

Says Parth Mehta, Managing Director, Paradigm Realty, “The Government of India, in view to protect the interests of home buyers, have passed many reformatory changes in the last few years. This is another wise move to bring parity and professional code of conduct in the real estate practices across the state. The SROs will encourage its members to comply with the provisions of RERA Act and apply rules and regulations issued by MahaRERA. Unfair activities practiced by few developers, have shaken the confidence of homebuyers impacting entire sector at large. This move will help to restore trust deficit between the homebuyer and the developer which will simultaneously boost investments in the real estate industry.”

The Maharashtra Real Estate Regulatory Authority (MahaRERA) has issued a circular stating that developers have to get registered with its approved Self Regulatory Organisations (SRO) before applying for the MahaRERA registration for residential projects. The decision will be enforced from December 1, 2019. The decision will be enforced from December 1, 2019. Being the SRO, CREDAI-Maharashtra has reportedly urged builders to register with it, stating that the entire registration process has been made online and easy for the developers. As per the MahaRERA decision, while registering a new project or updating an existing one, it is mandatory for the builder to register with recognised SRO bodies such as CREDAI-Maharashtra or other bodies mentioned on the MahaRERA website. Commenting on the announcement, says Rohit Poddar, Managing Director, Poddar Housing and Development, and Joint Secretary, NAREDCO Maharashtra, “Accredited developer associations play a pivotal role in not only being an enabler in inducing government in framing the progressive policies but also helping developers in addressing challenges they might be facing. Despite meaningful interventions by the policy-makers, slow inventory offtake is still a concern at large. This announcement is a perfect formulation of ecosystem to bring all the stakeholders together and bring the change in the industry.” Says Parth Mehta, Managing Director, Paradigm Realty, “The Government of India, in view to protect the interests of home buyers, have passed many reformatory changes in the last few years. This is another wise move to bring parity and professional code of conduct in the real estate practices across the state. The SROs will encourage its members to comply with the provisions of RERA Act and apply rules and regulations issued by MahaRERA. Unfair activities practiced by few developers, have shaken the confidence of homebuyers impacting entire sector at large. This move will help to restore trust deficit between the homebuyer and the developer which will simultaneously boost investments in the real estate industry.”

Technology

29 Jul 2026

AI-Enabled Workflows Lift Profitability and Productivity

Organisations modernising frontline workflows with artificial intelligence, automation and real-time data are reporting stronger financial performance, higher productivity and improved employee engagement, according to a global study by Zebra Technologies and Oxford Economics.The research covered 1,000 senior leaders across retail, manufacturing, transportation and logistics in the US, Mexico, the UK, Germany, India, Japan, Australia and New Zealand.In transportation and logistics, 54 per cent of companies that improved picking and packing operations reported faster operational performance, wh..

Real Estate

29 Jul 2026

India Leads Global AI Readiness but Implementation Lags

Indian companies lead global averages across all eight artificial intelligence readiness indicators tracked by JLL, but only 19 per cent have started making changes to their workplaces, according to the JLL 2026 Future of Work Survey.The study found that 77 per cent of Indian business leaders expect AI to change their office requirements, creating a 58-percentage-point gap between awareness and implementation. The survey covered more than 2,200 CEOs, CFOs and real estate leaders across 21 countries during the first quarter of 2026.Despite concerns over automation, 58 per cent of Indian leaders..

Equipment

29 Jul 2026

Three WOLFF Cranes Build Riyadh Cable-Stayed Bridges

Three WOLFF 180 B luffing jib cranes are supporting the construction of two cable-stayed bridges alongside the existing Wadi Laban Bridge in Riyadh, Saudi Arabia. The project is being developed for the Royal Commission for Riyadh City and executed by the ICRC joint venture comprising IC Ictas and Al Rashid Trading & Contracting Company.The cranes are handling lifting operations including formwork, reinforcement, concrete placement, work platforms, surveying equipment and other construction materials. Each crane is fitted with a 40 m jib, reaches a hook height of 157 m and offers a maximum ..