+
Rehabilitation-related projects in Maha needs no RERA registration
Real Estate

Rehabilitation-related projects in Maha needs no RERA registration

The rehabilitation component of a redevelopment project does not need to be registered under the RERA Act, 2016, according to the Maharashtra Real Estate Appellate Tribunal (MREAT), if it does not entail marketing, promotion, or selling.

In response to a claim made by a Bandra resident in Mumbai, the tribunal ruled that the RERA (Real Estate Regulation Authority) Act's rules will not apply to rehabilitation projects untill there is a sale, public announcement, or marketing.

The MREAT made it clear that even while a project is normally registered, this does not imply that the RERA Act also applies to the project's rehabilitation component.

The sanction is often given to the full project comprising of these two parts. Due to this, a common misunderstanding exists that registration applies to the entire project, including the rehabilitation component. This is incorrect, according to the law, and the Act's requirements.

Also read:
MahaRERA to begin notifying "lapsed" projects from this month
Minister highlights steps taken to control housing costs

The rehabilitation component of a redevelopment project does not need to be registered under the RERA Act, 2016, according to the Maharashtra Real Estate Appellate Tribunal (MREAT), if it does not entail marketing, promotion, or selling. In response to a claim made by a Bandra resident in Mumbai, the tribunal ruled that the RERA (Real Estate Regulation Authority) Act's rules will not apply to rehabilitation projects untill there is a sale, public announcement, or marketing. The MREAT made it clear that even while a project is normally registered, this does not imply that the RERA Act also applies to the project's rehabilitation component. The sanction is often given to the full project comprising of these two parts. Due to this, a common misunderstanding exists that registration applies to the entire project, including the rehabilitation component. This is incorrect, according to the law, and the Act's requirements. Also read: MahaRERA to begin notifying lapsed projects from this month Minister highlights steps taken to control housing costs

Related Stories

Gold Stories

Next Story
Infrastructure Urban

Assam Gets Approval For 350,000 PMAY Homes

Assam Chief Minister Himanta Biswa Sarma met Union Agriculture Minister Shivraj Singh Chouhan in New Delhi, where the minister handed an approval document for 310,000 new homes under the Pradhan Mantri Awas Yojana. The chief minister subsequently posted on X expressing gratitude and noting that the minister had formally handed approval for 380,000 homes as well. The release and the social media post contained varying figures, with broader references to 350,000 homes reported in some summaries. The approvals carry central assistance equivalent to Rs 50 billion (bn), corresponding to the five th..

Next Story
Infrastructure Urban

KPIGreen Achieves Highest Energised Capacity of 630+ MW DC

KPI Green Energy energised more than 630 MW DC of capacity in the June to August quarter, marking the highest quarterly addition in the company's history. The capacity was brought online across its Independent Power Producer (IPP) and Engineering, Procurement and Construction (EPC) businesses. The company said the achievement reflected the scale, speed and consistency of its project execution engine. The firm described the quarter as a material operational milestone since its founding. The milestone covers a diversified mix of IPP assets and projects executed under the EPC vertical, spanning u..

Next Story
Infrastructure Energy

Adani Energy Solutions Wins Rs 47 bn Maharashtra Transmission Project

Adani Energy Solutions has won a transmission contract in Maharashtra valued at Rs 47 billion (Rs 47 bn) to evacuate 4,500 megawatt (MW) of renewable and storage power. The company informed exchanges that the project will facilitate pumped storage potential near Satara and strengthen the inter-regional corridor between the Western and Southern grids. The award follows a competitive bidding process and will support renewable energy evacuation to major load centres in the state. The scope includes establishment of a 765/400 kV substation at Satara, construction of a Kolhapur-Satara 765 kV double..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

SPECIAL OFFER
QR Code