To facilitate developers in Nagpur and Pune regions to register their housing projects with the Maharashtra Real Estate Regulatory Authority (MahaRERA), open house will be held every month outside the Mumbai headquarters. First such open house will be held on January 22 in Nagpur.
While registering a housing project with MahaRERA, even after being assisted by experts from the Self-Regulatory Organisations (SROs), of which the developers are members, continue to face certain challenges in getting their queries answered. To address these, open houses are held every week at MahaRERA head office in Mumbai with senior office bearers in attendance.
In the open house, doubts are addressed as per the queries raised. Developers from the other regions had requested to hold similar open houses in Nagpur and Pune. Therefore, MahaRERA has decided to hold open houses in Nagpur and Pune. To begin with, first open session will be held in Nagpur where officials from the financial, legal and technical departments will be present to address to queries pertaining to project’s registration.
MahaRERA Chairman Manoj Saunik said, "The Real Estate (Regulation and Development) Act, 2016 unambiguously mentions that any housing project cannot be advertised without being registered with RERA. MahaRERA already has defined the legal, financial and technical framework for issuing a registration number to a housing project. To facilitate registration of a housing project and issuance of MahaRERA number, the queries raised are replied to in-person during the open session held every week at the headquarters in Mumbai. We will start with this practice, from this month, on a monthly basis in Nagpur and Pune as well. To begin with, we are starting in Nagpur. MahaRERA has been putting in efforts to assist in the project’s registration process. The experience will be seamless, if the applicants fill out the forms completely and furnish the required information.
Recently, MahaRERA decided to reduce the minimum requirement of the SROs outside MMR from 500 projects to 200 to enable authorised associations from the real estate industry in rest of the Maharashtra to form SROs. This crucial decision is expected to better the project registration process for developers across the state.
The Real Estate (Regulation and Development) Act, 2016 clearly mentions that a housing project cannot be advertised or sold without being registered with RERA.
MahaRERA urges the developers to ensure all required details and documents are provided while submitting registration application. This enables in faster processing and issuance of MahaRERA registration number.
