MahaRERA initiates three-tier audit for housing projects
Real Estate

MahaRERA initiates three-tier audit for housing projects

The Maharashtra Real Estate Regulatory Authority (MahaRERA) has announced plans to conduct a three-level scrutiny of housing projects in order to ensure that homebuyers have no complaints and that developers adhere to regulations.

Under the new mechanism, all project registration applications received will undergo scrutiny at legal, financial, and technical levels. Each of these three levels of thorough examination will be carried out by independent teams assigned to their respective areas.

MahaRERA aims to guarantee the timely completion of projects without any obstacles and reduce homebuyer complaints to zero through the implementation of these new application scrutiny measures.

The regulatory body stated that applications will be assessed for all potential scenarios that could impede the project or pose a risk of non-completion.

Ajoy Mehta, Chairman of MahaRERA, explained that the organization has established legal, financial, and technical parameters to ensure the timely completion of real estate projects. He emphasized that new projects will only receive a MahaRERA registration number after meeting these essential criteria, portraying it as another initiative to empower homebuyers.

Mehta further elaborated that the three-tiered system was established to conduct comprehensive and stringent financial, legal, and technical verification of each project, preventing the possibility of projects becoming stressed.

If a registration application fails to meet MahaRERA's benchmark, a registration number will not be issued unless all provisions mentioned in the rule book are satisfied. This additional measure has been initiated by the regulator to safeguard homebuyers' investments.

The Maharashtra Real Estate Regulatory Authority (MahaRERA) has announced plans to conduct a three-level scrutiny of housing projects in order to ensure that homebuyers have no complaints and that developers adhere to regulations. Under the new mechanism, all project registration applications received will undergo scrutiny at legal, financial, and technical levels. Each of these three levels of thorough examination will be carried out by independent teams assigned to their respective areas. MahaRERA aims to guarantee the timely completion of projects without any obstacles and reduce homebuyer complaints to zero through the implementation of these new application scrutiny measures. The regulatory body stated that applications will be assessed for all potential scenarios that could impede the project or pose a risk of non-completion. Ajoy Mehta, Chairman of MahaRERA, explained that the organization has established legal, financial, and technical parameters to ensure the timely completion of real estate projects. He emphasized that new projects will only receive a MahaRERA registration number after meeting these essential criteria, portraying it as another initiative to empower homebuyers. Mehta further elaborated that the three-tiered system was established to conduct comprehensive and stringent financial, legal, and technical verification of each project, preventing the possibility of projects becoming stressed. If a registration application fails to meet MahaRERA's benchmark, a registration number will not be issued unless all provisions mentioned in the rule book are satisfied. This additional measure has been initiated by the regulator to safeguard homebuyers' investments.

Next Story
Resources

Ajmera Realty launches tree drive on Environment Day

Ajmera Realty & Infra India marked World Environment Day with a large-scale tree plantation initiative—Plant-with-Purpose—across its projects in Mumbai and Bangalore. The drive was inaugurated at Ajmera Manhattan and Ajmera Greenfinity in Wadala, with senior company officials and residents in attendance. The campaign encourages residents to embrace eco-conscious, self-reliant lifestyles by growing useful plants and trees within their communities. Horticulture expert Devendra Bhekar guided residents on creating and maintaining green spaces. Ajmera Realty planted over 500 trees..

Next Story
Resources

Twaron®-reinforced tyre powers Brunel’s solar race car

Teijin Aramid’s Twaron® with circular content will debut in Bridgestone’s race tyres for the 2025 Bridgestone World Solar Challenge, supporting the Brunel Solar Team’s Nuna 13 car. This marks the first use of the recycled-content aramid in a high-performance race tyre. The Twaron®-reinforced belts help enhance durability, reduce rolling resistance, and maintain lightweight strength—critical for the 3,000-km solar race across Australia. Bridgestone combines this with ENLITENTM tech and other recycled inputs to maximise environmental and performance outcomes. Teijin Aramid, a..

Next Story
Building Material

Kamdhenu Paints launches new wood coating range

Kamdhenu Paints has launched a comprehensive premium wood coating range designed for both interior and exterior applications. The collection includes high-performance solutions like Kamwood 2K PU for a rich matt or high-gloss finish, Kamwood 1K PU for clarity and stain protection, and the Kamwood Melamyne system for a smooth, durable finish. Also featured are Kamwood Wood Stains, which enhance wood grains with vibrant colour, and NC Sanding Sealer for high-build grain filling. The range is supported by Kamwood Thinners for ease of application and optimal finish. Saurabh Agarwal, MD, ..

Advertisement

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Advertisement

Talk to us?