MahaRERA's New Guidelines for Retirement Housing
Real Estate

MahaRERA's New Guidelines for Retirement Housing

The Maharashtra Real Estate Regulatory Authority (MahaRERA) has taken a groundbreaking step in addressing the housing needs of senior citizens by introducing model guidelines for retirement housing projects. This initiative aims to ensure that housing developments for retired and senior citizens are constructed with their basic requirements in mind, marking the first instance of such regulations by a real estate regulatory authority in India.

In response to concerns raised regarding misleading advertisements and inadequate standards in purported "Retirement Homes," MahaRERA has formulated these guidelines to enforce specific provisions in the Agreement for Sale and other relevant documents. Going forward, developers will be obligated to adhere to these model guidelines when planning and constructing senior citizen housing projects.

Ajoy Mehta, Chairman of MahaRERA, emphasized the importance of addressing the evolving needs of society, stating, "Senior housing projects are becoming a necessity of the changing society. Many developers are launching such projects in view of the rising demand, but these constructions do not seem to consider the very basic needs of this segment. To avoid possible fraud and disappointment of retirees and senior citizens, MahaRERA has issued draft model guidelines for this emerging segment of housing projects."

The guidelines, drafted after extensive feedback and consultation, outline minimum physical criteria that every retirement housing project must meet. These criteria encompass various aspects such as building design, adherence to green building principles, provision of lifts and ramps, layout of staircases and corridors, lighting, ventilation, and most importantly, safety and security measures.

The Union Ministry of Housing and Urban Affairs (MoHUA) had previously issued Model Guidelines for retirement housing projects, urging state regulators to introduce appropriate regulations. Following this directive, MahaRERA has taken proactive steps to address the need for specific regulations tailored to the unique requirements of senior citizens.

In a bid to gather comprehensive feedback and ensure inclusivity, MahaRERA has invited suggestions and views on these guidelines from stakeholders until the end of this month. This inclusive approach underscores the authority's commitment to transparency and responsiveness to the concerns of all parties involved in the development and utilization of retirement housing projects.

With the introduction of these model guidelines, MahaRERA aims to safeguard the interests of retirees and senior citizens, mitigate the risk of fraudulent practices, and promote the development of housing projects that cater effectively to the needs of this growing demographic. By setting clear standards and expectations, these guidelines pave the way for a more inclusive and sustainable approach to housing development in Maharashtra.

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The Maharashtra Real Estate Regulatory Authority (MahaRERA) has taken a groundbreaking step in addressing the housing needs of senior citizens by introducing model guidelines for retirement housing projects. This initiative aims to ensure that housing developments for retired and senior citizens are constructed with their basic requirements in mind, marking the first instance of such regulations by a real estate regulatory authority in India. In response to concerns raised regarding misleading advertisements and inadequate standards in purported Retirement Homes, MahaRERA has formulated these guidelines to enforce specific provisions in the Agreement for Sale and other relevant documents. Going forward, developers will be obligated to adhere to these model guidelines when planning and constructing senior citizen housing projects. Ajoy Mehta, Chairman of MahaRERA, emphasized the importance of addressing the evolving needs of society, stating, Senior housing projects are becoming a necessity of the changing society. Many developers are launching such projects in view of the rising demand, but these constructions do not seem to consider the very basic needs of this segment. To avoid possible fraud and disappointment of retirees and senior citizens, MahaRERA has issued draft model guidelines for this emerging segment of housing projects. The guidelines, drafted after extensive feedback and consultation, outline minimum physical criteria that every retirement housing project must meet. These criteria encompass various aspects such as building design, adherence to green building principles, provision of lifts and ramps, layout of staircases and corridors, lighting, ventilation, and most importantly, safety and security measures. The Union Ministry of Housing and Urban Affairs (MoHUA) had previously issued Model Guidelines for retirement housing projects, urging state regulators to introduce appropriate regulations. Following this directive, MahaRERA has taken proactive steps to address the need for specific regulations tailored to the unique requirements of senior citizens. In a bid to gather comprehensive feedback and ensure inclusivity, MahaRERA has invited suggestions and views on these guidelines from stakeholders until the end of this month. This inclusive approach underscores the authority's commitment to transparency and responsiveness to the concerns of all parties involved in the development and utilization of retirement housing projects. With the introduction of these model guidelines, MahaRERA aims to safeguard the interests of retirees and senior citizens, mitigate the risk of fraudulent practices, and promote the development of housing projects that cater effectively to the needs of this growing demographic. By setting clear standards and expectations, these guidelines pave the way for a more inclusive and sustainable approach to housing development in Maharashtra.

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