Maharera Mandates Strict Parking Rules

20 May 2024 CW Team

Maharashtra Real Estate Regulatory Authority (Maharera) has implemented new regulations aimed at addressing parking-related disputes in residential and commercial developments. This initiative underscores Maharera's commitment to enhancing transparency and resolving common grievances within the real estate sector.

The new rules mandate that developers clearly specify the number of parking spaces allocated to each apartment or commercial unit in their projects. Builders are required to adhere strictly to these specifications, ensuring that homebuyers and commercial property owners receive the parking facilities as promised during the sale of the property.

According to Maharera officials, the introduction of stringent parking regulations aims to prevent conflicts arising from ambiguous or misleading information regarding parking provisions in real estate projects. By mandating clear and transparent disclosures, Maharera seeks to protect the interests of property buyers and promote fair practices within the industry.

The regulatory authority emphasises that adherence to the new parking guidelines is mandatory for all ongoing and future real estate developments across Maharashtra. Developers failing to comply with these regulations could face penalties or other regulatory actions to enforce compliance.

Stakeholders, including developers, property buyers, and industry experts, are expected to benefit from these measures, which aim to improve clarity and accountability in parking allocations within residential and commercial properties. The move reflects Maharera's proactive approach to addressing common issues and enhancing consumer confidence in the state's real estate market.

The implementation of strict parking regulations by Maharera is seen as a step towards strengthening regulatory oversight and promoting fair practices in property transactions across Maharashtra.

Real Estate

07 Jul 2026

Pecan Realty Completes Rs 1.5 Billion Transactions

Pecan Realty has recently completed four institutional transactions worth over Rs 1.5 billion over the past two years, strengthening its position as an execution-led real estate platform. The deals include resolution-led acquisitions, structured finance transactions and capital partnerships across its development portfolio.The transactions covered acquisitions through the National Company Law Tribunal process and helped provide repayment or exits to both private and public sector lenders. The company said the deals demonstrate its ability to resolve complex project situations, work with instit..

SNN Estates Expands North Bengaluru Housing Project

SNN Estates has announced an expansion of its SNN Estates Felicity residential project in North Bengaluru following strong buyer demand, with 75 per cent of the first-phase inventory sold within three days of launch.The developer will add 76 apartments in the new phase, taking the project's estimated revenue potential to around Rs 1,000 crore upon completion of Phase 2.Spread across 6.5 acres in Rachenahalli, near Manyata Tech Park, the project comprises 604 apartments in 1.5, 2, 2.5, 3 and 4 BHK configurations. The development includes a 50,000-sq-ft clubhouse with amenities such as sports co..

SCG Drives ASEAN Industrial Transformation Strategy

SCG is strengthening its focus on ASEAN as a key growth region by advancing industrial transformation, enhancing competitiveness and building resilient regional value chains. Thammasak Sethaudom, President and Chief Executive Officer, SCG, highlighted the need for industries to continuously develop capabilities, strengthen resilience and deepen regional cooperation to achieve sustainable long-term growth.SCG views ASEAN as an important growth engine alongside China, supported by favourable demographics, trade connectivity and investment flows. With ASEAN’s GDP projected to grow by around 4.7..