MaharERA Simplifies Registration Process
Real Estate

MaharERA Simplifies Registration Process

In a significant move, Maharashtra Real Estate Regulatory Authority (MaharERA) has streamlined the registration process for builders with over 50 housing units. The initiative aims to simplify the administrative procedures, making it more convenient for large-scale developers to comply with regulations.

Under the new guidelines, builders overseeing projects with more than 50 housing units can now complete their registration at their doorstep, eliminating unnecessary bureaucratic hurdles. This progressive step by MaharERA aligns with the government's ongoing efforts to promote transparency and efficiency in the real estate sector.

The simplification of the registration process is expected to benefit both builders and homebuyers. Builders will experience a more streamlined and efficient registration, saving time and resources. On the other hand, homebuyers can anticipate quicker approvals and enhanced accountability from developers.

This move comes at a crucial time for the real estate industry, as it navigates challenges and adapts to changing market dynamics. By reducing bureaucratic complexities, MaharERA aims to boost the overall growth of the sector, attracting more investments and fostering a conducive environment for real estate development.

In a significant move, Maharashtra Real Estate Regulatory Authority (MaharERA) has streamlined the registration process for builders with over 50 housing units. The initiative aims to simplify the administrative procedures, making it more convenient for large-scale developers to comply with regulations. Under the new guidelines, builders overseeing projects with more than 50 housing units can now complete their registration at their doorstep, eliminating unnecessary bureaucratic hurdles. This progressive step by MaharERA aligns with the government's ongoing efforts to promote transparency and efficiency in the real estate sector. The simplification of the registration process is expected to benefit both builders and homebuyers. Builders will experience a more streamlined and efficient registration, saving time and resources. On the other hand, homebuyers can anticipate quicker approvals and enhanced accountability from developers. This move comes at a crucial time for the real estate industry, as it navigates challenges and adapts to changing market dynamics. By reducing bureaucratic complexities, MaharERA aims to boost the overall growth of the sector, attracting more investments and fostering a conducive environment for real estate development.

Next Story
Infrastructure Urban

India’s Rs 370 Bn Petrochemical Expansion to Shift Asian Supply

India’s planned investments worth over USD 37 billion (around Rs 3 lakh crore) in the petrochemical sector are poised to reshape Asia’s supply landscape, according to a new report by S&P Global Ratings.The report noted that India’s drive toward petrochemical self-sufficiency mirrors China’s earlier expansion and could intensify competition in the region. “India’s capacity additions will significantly alter trade flows and increase competition among Asian producers,” said Ker Liang Chan, credit analyst at S&P Global Ratings.S&P estimated that public sector enterprises ..

Next Story
Real Estate

Maharashtra Sets Up Authority to Boost Self-Redevelopment

The Maharashtra government has established a Self-Redevelopment Authority to support citizens in independently redeveloping old buildings, marking a major policy step for Mumbai and the surrounding metropolitan region.BJP legislator and Mumbai District Central Cooperative Bank president Pravin Darekar will head the new Authority, which will offer end-to-end guidance on project planning, funding, developer selection, and execution. The initiative follows the approval of the state’s New Housing Policy earlier this year, which allocated Rs 2,000 crore to promote self-redevelopment.Officials sai..

Next Story
Real Estate

MHADA Revises Premium and Payment Rules for Redevelopment

The Maharashtra Housing and Area Development Authority (MHADA) has revised its 2007 redevelopment policy to make the redevelopment of ageing housing societies in Mumbai financially sustainable.The key change involves recalibrating premium charges for commercial floor space in projects under Regulation 33(5) of DCPR 2034. The new formula links premium rates to land value, market rate, and proposed usage, replacing the earlier rule that charged 1.5 times the residential rate for commercial areas.Developers’ body CREDAI-MCHI had sought parity between residential and commercial rates to encourag..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Talk to us?