+
MAHARERA: 182 Realty Projects Lack Registration
Real Estate

MAHARERA: 182 Realty Projects Lack Registration

Maharashtra Real Estate Regulatory Authority (Maharera) has revealed that a staggering 182 realty projects across the state lack proper registration. This development has raised significant concerns about transparency, accountability, and the overall positioning of these projects within the real estate industry.

Maharera, the regulatory body formed to safeguard the interests of homebuyers and promote fair practices in the real estate sector, has been actively monitoring and ensuring compliance with regulations. However, the revelation that nearly 182 projects are operating in violation of the law is alarming.

The absence of registration under Maharera raises questions about these projects' adherence to important regulations, including the timely delivery of properties and necessary compensation in case of any grievances. Without proper registration, homebuyers risk losing their investments and facing a lack of legal recourse.

These unregistered projects are a cause of significant concern in the real estate market as they are not subject to regulatory oversight and the safeguards put in place by Maharera. With the absence of proper registration, the onus falls on homebuyers to exercise caution and exercise due diligence before investing their hard-earned money in such projects.

Furthermore, the lack of registration undermines the credibility of the real estate industry as a whole. It reinforces the need for stricter enforcement of registration requirements, ensuring that projects adhere to the rules and regulations set forth by Maharera. This will go a long way in establishing trust among homebuyers and investors and improving the overall perception of the industry.

Maharera must take immediate action to address this issue. The regulatory body needs to identify the unregistered projects, investigate the reasons behind the non-compliance, and take appropriate action against the developers responsible. Additionally, steps should be taken to raise awareness among homebuyers about the importance of investing in registered projects and the potential risks associated with unregistered ones.

It is essential for the real estate industry and regulating bodies to work hand in hand to ensure that all projects are registered and compliant with the necessary regulations. This will not only protect the interests of homebuyers and investors but will also help in the overall growth and development of the real estate sector.

In conclusion, the revelation by Maharera that 182 realty projects lack proper registration is a matter of significant concern. The absence of registration not only exposes homebuyers to risks but also tarnishes the industry's credibility. Therefore, immediate steps should be taken to address this issue and ensure that all projects comply with the regulatory requirements to safeguard the interests of all stakeholders involved.

Maharashtra Real Estate Regulatory Authority (Maharera) has revealed that a staggering 182 realty projects across the state lack proper registration. This development has raised significant concerns about transparency, accountability, and the overall positioning of these projects within the real estate industry. Maharera, the regulatory body formed to safeguard the interests of homebuyers and promote fair practices in the real estate sector, has been actively monitoring and ensuring compliance with regulations. However, the revelation that nearly 182 projects are operating in violation of the law is alarming. The absence of registration under Maharera raises questions about these projects' adherence to important regulations, including the timely delivery of properties and necessary compensation in case of any grievances. Without proper registration, homebuyers risk losing their investments and facing a lack of legal recourse. These unregistered projects are a cause of significant concern in the real estate market as they are not subject to regulatory oversight and the safeguards put in place by Maharera. With the absence of proper registration, the onus falls on homebuyers to exercise caution and exercise due diligence before investing their hard-earned money in such projects. Furthermore, the lack of registration undermines the credibility of the real estate industry as a whole. It reinforces the need for stricter enforcement of registration requirements, ensuring that projects adhere to the rules and regulations set forth by Maharera. This will go a long way in establishing trust among homebuyers and investors and improving the overall perception of the industry. Maharera must take immediate action to address this issue. The regulatory body needs to identify the unregistered projects, investigate the reasons behind the non-compliance, and take appropriate action against the developers responsible. Additionally, steps should be taken to raise awareness among homebuyers about the importance of investing in registered projects and the potential risks associated with unregistered ones. It is essential for the real estate industry and regulating bodies to work hand in hand to ensure that all projects are registered and compliant with the necessary regulations. This will not only protect the interests of homebuyers and investors but will also help in the overall growth and development of the real estate sector. In conclusion, the revelation by Maharera that 182 realty projects lack proper registration is a matter of significant concern. The absence of registration not only exposes homebuyers to risks but also tarnishes the industry's credibility. Therefore, immediate steps should be taken to address this issue and ensure that all projects comply with the regulatory requirements to safeguard the interests of all stakeholders involved.

Next Story
Real Estate

Manglam, Fern Hotels Sign 200+ Key Apart’otel in Jaipur’s Pinkwalk

Manglam Group has signed a 200+ key serviced apart’otel under the Fern Habitat brand in Jaipur, marking a key milestone in its Rs 10 billion hospitality investment strategy. Located within Pinkwalk, Manglam’s flagship mixed-use development in Jagatpura, the project will cater to both short and extended-stay travellers with apartment-style units paired with hotel services. The Fern Habitat Pinkwalk will offer fully serviced accommodations with kitchenettes, daily housekeeping, and on-site dining. The concept blends the independence of apartment living with the comfort of hotel-grade am..

Next Story
Real Estate

Schon Doorways Launches Monsoon-Ready Aluminium Casement Windows

Schon Doorways, a premium player in doors and window solutions, has launched its new range of aluminium casement and sliding windows, designed specifically to endure the Indian monsoon. Engineered with high-performance tempered glass and ultra-slim aluminium profiles, the windows combine aesthetic appeal with monsoon resilience. Available in single and double track options, the windows offer anti-collision strips, flyscreens, and high load-bearing strength—providing protection against heavy rains, strong winds, and pests. Wall thickness ranges from 1.6 mm to 5.00 mm, offering flexibilit..

Next Story
Resources

LG Charts Global HVAC Leadership With AI, Acquisitions and Localisation

LG Electronics has unveiled a strategic roadmap to transform its ES Company into a top-tier global HVAC solutions provider by 2030, targeting KRW 20 trillion in revenue. The plan, announced at LG Sciencepark, South Korea, focuses on expanding B2B industrial sales, advancing AI-based technologies for data centres, and strengthening localised operations across key regions. Central to LG’s roadmap is growth in the fast-expanding data centre cooling segment. With the global chiller market projected to reach USD 12 billion by 2027, LG aims for KRW 1 trillion in sales by 2027. The company has..

Advertisement

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Advertisement

Talk to us?