Maharera Proposes Amenity Details Mandate

03 May 2024 CW Team

Maharashtra Real Estate Regulatory Authority (MahaRERA) has proposed a new mandate requiring developers to disclose amenity details along with deadlines in their project registrations. This move aims to enhance transparency and accountability in the real estate sector, ensuring that buyers are fully informed about the amenities promised by developers.

The proposed mandate underscores MahaRERA's commitment to protecting the interests of homebuyers and promoting fair practices in the real estate industry. By mandating developers to specify amenity details and deadlines upfront, the authority aims to prevent instances of misleading advertisements or delayed delivery of promised amenities.

Under the proposed mandate, developers will be required to provide comprehensive information about the amenities planned for their projects, including facilities such as parks, gardens, swimming pools, and clubhouses. Additionally, developers will need to specify the timelines for the completion of these amenities, ensuring clarity and accountability.

This initiative is expected to empower homebuyers with the necessary information to make informed decisions about their property investments. By ensuring transparency regarding amenity provisions and timelines, MahaRERA aims to foster trust and confidence in the real estate market.

Overall, the proposal to mandate developers to disclose amenity details with deadlines aligns with MahaRERA's objective of promoting transparency and accountability in the real estate sector. If implemented, this measure has the potential to significantly benefit homebuyers by providing them with greater clarity and assurance regarding the amenities promised in their future homes.

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