MahaRera directs asks builders to reveal permission details to buyers
Real Estate

MahaRera directs asks builders to reveal permission details to buyers

The Maharashtra Real Estate Regulatory Authority (Maha RERA) has directed the builders to inform flat buyers about the construction permissions details.

Currently, builders only inform about the commencement certificate or the Completion certificate (CC) for the building without specifying anything further.

A RERA source told the media the flat buyer is under the impression that the CC is for the entire building.

RERA chief Ajoy Mehta’s office issued a circular on Monday, stating builders must now specify the details of the CC they have received.

As per the circular released it is observed that Flat buyers are unaware of the stage-wise approvals. Therefore, it has been decided to prescribe a declaration by the builder to certify the exact stage of the commencement certificate, so that flat buyers will be aware of the same.

While registering the project the builders will now have to file a declaration form and upload it along with the CC.

RERA in recent order asked builders to give more clarity to buyers about flat transactions.

The builder will need the consent of at least 51% of the allottees if he wants an extension of the completion date of the project. The consent will now be needed with their names, signatures and flat numbers.

The circular has also specified that in case developers want to change the floor plan, design, or make any important changes in the sanctioned plans, they will need the consent of two-thirds of people who have booked flats in the project.

Image Source


Also read: MREAT issues regulation on home buyer’s rights

Also read: H-RERA issues directive for sale of apartments

Your next big infra connection is waiting at RAHSTA 2025 – Asia’s Biggest Roads & Highways Expo, Jio World Convention Centre, Mumbai. Don’t miss out!

The Maharashtra Real Estate Regulatory Authority (Maha RERA) has directed the builders to inform flat buyers about the construction permissions details. Currently, builders only inform about the commencement certificate or the Completion certificate (CC) for the building without specifying anything further. A RERA source told the media the flat buyer is under the impression that the CC is for the entire building. RERA chief Ajoy Mehta’s office issued a circular on Monday, stating builders must now specify the details of the CC they have received. As per the circular released it is observed that Flat buyers are unaware of the stage-wise approvals. Therefore, it has been decided to prescribe a declaration by the builder to certify the exact stage of the commencement certificate, so that flat buyers will be aware of the same. While registering the project the builders will now have to file a declaration form and upload it along with the CC. RERA in recent order asked builders to give more clarity to buyers about flat transactions. The builder will need the consent of at least 51% of the allottees if he wants an extension of the completion date of the project. The consent will now be needed with their names, signatures and flat numbers. The circular has also specified that in case developers want to change the floor plan, design, or make any important changes in the sanctioned plans, they will need the consent of two-thirds of people who have booked flats in the project. Image Source Also read: MREAT issues regulation on home buyer’s rights Also read: H-RERA issues directive for sale of apartments

Next Story
Infrastructure Transport

Indian Railways Marks New Milestone with 4.5 km Long ‘Rudrastra’ Trial

Indian Railways has successfully conducted the trial run of Asia’s longest freight train, named ‘Rudrastra’, achieving a new milestone in cargo transportation, as per news reports. The 4.5 km-long train began its trial from Ganjkhwaja railway station in Chandauli, Uttar Pradesh, and travelled to Garhwa in Jharkhand. Covering a distance of 209 km in 5 hours and 10 minutes, it maintained an average speed of 40.5 km per hour. The train was formed by combining three long-haul racks, with ..

Next Story
Infrastructure Energy

UltraTech Launches India’s First On-Site Hybrid RTC Renewable Energy Project

UltraTech Cement has operationalised a 7.5 MW round-the-clock (RTC) hybrid renewable energy project at its Sewagram Cement Works in Gujarat. The first-of-its-kind solution combines bifacial solar modules with trackers, wind energy and battery storage, co-located on-site, to ensure uninterrupted power for cement manufacturing without grid reliance. The project was executed in collaboration with clean energy solutions provider Gentari. Installed as a behind-the-meter system, it is the country..

Next Story
Infrastructure Transport

Patna Metro Trials Successful, Red Line Priority Corridor to Launch This Month

Patna is set to roll out its first metro rail service later this month, with successful trial runs conducted on the Red Line priority corridor, the Patna Metro Rail Corporation announced.On 7 September, a metro train completed a test run between the Patna depot and Bhootnath station. Officials said the trials involved rigorous checks of rolling stock fitness, overhead electrification (OHE), and track alignment and stability to ensure operational safety and performance.The corridor from the New Pataliputra Bus Terminal to Bhoothnath has been designated as the priority stretch and will be the fi..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Talk to us?