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List of approved projects and agents – Maharashtra RERA

Apr 4,2019 / By / No Comment
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MAHARASHTRA RERA:

Maharashtra was among the few states to come up with a RERA Act’s website in its initial phase of implementation.

As per the information available on the MAHA RERA website, the total projects that are registered on the website are 19625. Among them, 3652 projects are registered and completed and 15826 are ongoing projects and 147 projects are yet to be registered on the website. Over 18% of the projects registered with MahaRERA are now complete.

The state has recorded 18505 agents have applied for registration over 18419 agents have been registered. 86 agents yet to be registered.

When it comes to the complaint status, 5,700 complaints have been registered and out of them 3543 have passed their orders and 2157 are in the process of hearing.

As per MahaRERA website, 1716 projects where the penalty is paid between Rs.50, 000 to Rs.10, 00,000 for various reasons.

List of approved agents for Maharashtra RERA: Click here to view

List of approved projects for Maharashtra RERA: Click here to view

mahaRERA

Irrespective of these proved projects/agents, RERA has rejected several real estate projects as well.

Latest update about MahaRERA releasing an SOP to remove delaying developers:

Recently, the Maharashtra Real Estate Regulatory Authority (MahaRERA) issued a standard operating procedure (SOP). Under this procedure, homebuyers are eligible to dismiss a developer in the case the project was delayed. The project would then be allocated to an expert panel for completion. The expert also clarified that action could be taken only against non-litigated projects. This procedure will help complete all delayed projects in the state.

Disclaimer: the data provided here is based on industry and news reports. CommonFloor will not be held legally responsible for any action taken based on the information provided.

 

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MahaRERA decides on new SOP to remove builder for delays.

Apr 1,2019 / By / No Comment
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MahaRERA to bring major relief for homebuyers with new Standard Operating Procedure (SOP) to remove builder for delays

Maharashtra Real Estate Regulatory Authority (MAHARERA) on Thursday issued an SOP (standard operating procedure) to permit homebuyers to remove a developer if the project is delayed. The completion of the project then would be handed over to an expert panel. The authority has made it clear that it could initiate such action only against non-litigated projects.

In case of annulment orders, the developers will lose the rights to the project his bank accounts will stay frozen adding that the authority would then set up the cabinet of experts to prepare a project report within four months to decide on future course of action then the panel would prepare a blueprint for project completion. The blueprint would consist of financial details and the particularized roadmap towards arranging the finances.

The SOP has been circulated under section 37 of the RERA Act, 2016, with reference to sections 7 and 8. MahaRERA officials said the authority will only acknowledge the complaints received from an association of allottees and not from single homebuyers for such action. They also announced that the complaints should not be less than 51% of the total allottees.

MAHARERA will serve a notice to the promoter with a 30-day deadline to showcase his case.

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