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.

Equipment

12 Dec 2025

Schwing Stetter India Unveils New Innovations at Excon 2025

Schwing Stetter India unveiled more than 20 new machines at Excon 2025, marking one of its most significant showcases and introducing several India-first technologies to the construction equipment sector. The company launched the country’s first 56-metre boom pump designed and manufactured in India, the first fully electric truck mixer, the first CNG mixer variant and the first hybrid boom pump. Executives said the launch portfolio was engineered to support India’s move toward faster, greener and more vertically oriented infrastructure through advanced engineering, clean-energy solutions a..

SEPC Resolves Hindustan Copper Dispute, Wins Rs 725 Mn Order

Engineering, procurement and construction firm SEPC Ltd has recently settled a dispute with Hindustan Copper Ltd (HCL) and secured a mining infrastructure order valued at Rs 725 million from the state-owned company. SEPC informed the stock exchanges that it has executed a settlement deed with HCL, bringing closure to all inter-se claims and counterclaims arising from arbitration proceedings. As part of the settlement, SEPC will receive Rs 304.5 million as full and final payment, marking the resolution of all pending disputes between the two entities. The company also stated that Hindustan Co..

20% Ethanol Blending Cuts India’s CO2 Emissions by 73.6 Mn Tonnes

Union Road Transport and Highways Minister Nitin Gadkari recently said that India has reduced carbon dioxide emissions by 73.6 million metric tonnes due to the adoption of 20 per cent ethanol blending in petrol. He made the statement while replying to supplementary questions during the Question Hour in the Lok Sabha. Describing ethanol as a green fuel, the minister said it plays a key role in reducing pollution while also supporting higher incomes for farmers. He underlined that ethanol blending contributes both to environmental sustainability and rural economic growth. Nitin Gadkari also po..