MahaRERA relaxes rules to speed up construction of rural projects

05 Jan 2023 CW Team

For projected development projects under the control of state Gram Panchayats, the Maharashtra Real Estate Regulatory Authority (MahaRERA) has introduced a few additional rules to relax the RERA's registration requirements.

Recent changes mean that for plotted development projects, Non Agricultural (NA) certifications will henceforth be treated as Commencement Certificates (CC). Occupancy certificate (OC), which is required to inform RERA that the project is finished, will also be denoted by receipt of intimation of tehsildar acknowledgment, signed by the project architect, following completion and execution of all requirements imposed by the competent authority.

For RERA registration, developers often need to provide both CC and OC. These credentials are required in order to register any project. Real estate developers, however, encounter a number of difficulties while working on projects for rural local bodies. Real estate developments in rural regions may move more quickly now that the rules have changed and the NA certificate is accepted as CC since RERA projects can be registered more quickly.

Also read:
PSP Projects gains on emerging as L1 bidder for govt project
New housing supply surges by 51% in 2022 across seven cities

Infrastructure Energy

22 Oct 2025

KEC Secures Rs 10, 380 Mn Substation Order in Saudi Arabia

KEC International Ltd., a global infrastructure EPC major, and an RPG Group company, has secured a new order worth Rs 10,380 million for the Design, Supply and Installation of a 380 kV GIS Substation in Saudi Arabia.Vimal Kejriwal, MD & CEO, KEC International Ltd., commented, “We are delighted with the successive order wins in our T&D business. In a landmark achievement, we have secured our largest ever substation order. This prestigious order in the Middle East has widened our portfolio and strengthened our presence in the region. With this strategic win, our year-to-date or..

Central Bank of India executes first fully digital SCF deal on PSB Xchange

In a major advancement for India’s banking sector, Central Bank of India (CBI) has successfully completed the country’s first fully digital supply chain finance (SCF) transaction on PSB Xchange—a unified multi-lender platform launched by PSB Alliance. PSB Xchange is designed to connect public and private sector banks, NBFCs, and fintechs with corporates and their channel partners to facilitate supply chain finance and small business loans. The transaction marks the first time a fintech-originated corporate lead has been seamlessly processed through the PSB Xchange ecosystem. The lead fl..

Atlanta Electricals secures Rs 1,835 Mn transformer order from BNC Power

Atlanta Electricals Limited (“Atlanta”) has secured an order worth Rs 1,835 million from BNC Power Projects Ltd for the supply of extra high voltage (EHV) transformers and a bus reactor for its Pugal site. The contract includes a mix of 315 MVA, 400 KV and 100 MVA, 132 KV transformers along with a 400 KV bus reactor. The project scope encompasses design, manufacturing, testing, and supply to the project site. Deliveries will be sequenced following engineering and drawing approvals, offering multi-quarter execution visibility and ensuring a steady production run-rate. The order will be ex..