Maharera Proposes Self-Declaration for Project Quality
Real Estate

Maharera Proposes Self-Declaration for Project Quality

Maharashtra Real Estate Regulatory Authority (Maharera) is contemplating a new measure that would require builders to submit self-declarations regarding the quality of their projects. This proposed initiative aims to streamline regulatory processes and enhance transparency in the real estate sector.

Under the proposal, builders would be mandated to provide detailed self-assessments of their projects' adherence to quality standards and regulatory norms. This self-declaration is intended to supplement existing regulatory frameworks and facilitate smoother compliance procedures for developers.

Maharera officials highlight that the proposed self-declaration system aims to empower builders while ensuring accountability and promoting trust among homebuyers. By encouraging builders to take responsibility for the quality of their developments, Maharera seeks to strengthen consumer protection measures and uphold industry standards.

The initiative comes amid ongoing efforts by regulatory authorities to foster a more accountable and transparent real estate market in Maharashtra. It reflects Maharera's commitment to improving regulatory efficiency and addressing stakeholders' concerns related to project quality and compliance.

Stakeholders, including developers and industry experts, are closely monitoring developments related to the proposed self-declaration framework. They anticipate its potential impact on regulatory compliance, project delivery timelines, and overall market dynamics in the state's real estate sector.

If implemented, the self-declaration requirement could mark a significant shift in regulatory practices, promoting greater self-regulation and accountability among builders while bolstering consumer confidence in property transactions across Maharashtra.

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!

Maharashtra Real Estate Regulatory Authority (Maharera) is contemplating a new measure that would require builders to submit self-declarations regarding the quality of their projects. This proposed initiative aims to streamline regulatory processes and enhance transparency in the real estate sector. Under the proposal, builders would be mandated to provide detailed self-assessments of their projects' adherence to quality standards and regulatory norms. This self-declaration is intended to supplement existing regulatory frameworks and facilitate smoother compliance procedures for developers. Maharera officials highlight that the proposed self-declaration system aims to empower builders while ensuring accountability and promoting trust among homebuyers. By encouraging builders to take responsibility for the quality of their developments, Maharera seeks to strengthen consumer protection measures and uphold industry standards. The initiative comes amid ongoing efforts by regulatory authorities to foster a more accountable and transparent real estate market in Maharashtra. It reflects Maharera's commitment to improving regulatory efficiency and addressing stakeholders' concerns related to project quality and compliance. Stakeholders, including developers and industry experts, are closely monitoring developments related to the proposed self-declaration framework. They anticipate its potential impact on regulatory compliance, project delivery timelines, and overall market dynamics in the state's real estate sector. If implemented, the self-declaration requirement could mark a significant shift in regulatory practices, promoting greater self-regulation and accountability among builders while bolstering consumer confidence in property transactions across Maharashtra.

Next Story
Real Estate

Vitizen Hotels Signs Deal at Manyata Tech Park

Vikram Kamats Hospitality, as part of its ongoing expansion in key metropolitan markets, announced that its material subsidiary, Vitizen Hotels, has signed a long-term lease agreement for a 45-key hotel property at Manyata Tech Park, Bengaluru.Strategically located in the city’s prominent IT hub, the property is well-positioned to serve corporate travelers, business professionals, and long-stay guests. The addition aligns with the company’s asset-light growth model, leveraging long-term leases to expand its footprint in high-demand urban markets.The hotel is expected to strengthen the comp..

Next Story
Infrastructure Transport

CONCOR Signs MoU with BPIPL to Operate Container Terminal at Bhavnagar Port

Container Corporation of India (CONCOR) has signed a Memorandum of Understanding (MoU) with Bhavnagar Port Infrastructure (BPIPL) on September 4, 2025, in New Delhi to operate and maintain the upcoming container terminal at the northside of Bhavnagar Port, Gujarat.BPIPL had earlier entered into an agreement with the Gujarat Maritime Board (GMB) in September 2024 for the port’s development. Under this arrangement, 235 hectares of land has been leased to BPIPL for 30 years, with provision for expansion by an additional 250 hectares.The new terminal is expected to significantly enhance logistic..

Next Story
Infrastructure Transport

Concord Launches India’s First Indigenous Zero-Emission Rail Propulsion

Concord Control Systems (CCSL), a leader in embedded electronics and critical rail technologies, has announced the development of India’s first fully indigenous zero-emission propulsion system, marking a significant step toward the country’s railway electrification and net-zero goals for 2030.Powered by Lithium Iron Phosphate (LFP) batteries and featuring a DC chopper-based drive, the propulsion system eliminates idling losses common in diesel engines, offering higher efficiency, lower costs, and zero emissions.What sets this innovation apart is its completely indigenous design. Except for..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Talk to us?