Real Estate

"Maharera Implements Three-Level Scrutiny for Project Registrations

In a move aimed at bolstering transparency and accountability, Maharera has implemented a new three-level scrutiny process for housing project registrations. Under this initiative, projects seeking registration will undergo a thorough examination by three independent teams, emphasising a comprehensive evaluation.

This stringent scrutiny is designed to ensure compliance with regulatory standards, safeguarding the interests of homebuyers and fostering a more robust and trustworthy real estate ecosystem. The three-tier review mechanism underscores Maharera's commitment to enhancing the credibility of housing projects, mitigating risks, and providing greater assurance to stakeholders in the real estate sector.

As the real estate industry grapples with evolving regulatory frameworks, this multi-layered scrutiny approach is expected to set a precedent for ensuring the quality and legitimacy of housing projects. The implementation of such measures reflects the ongoing efforts to instil confidence among homebuyers and streamline the registration process in the real estate market.

In a move aimed at bolstering transparency and accountability, Maharera has implemented a new three-level scrutiny process for housing project registrations. Under this initiative, projects seeking registration will undergo a thorough examination by three independent teams, emphasising a comprehensive evaluation. This stringent scrutiny is designed to ensure compliance with regulatory standards, safeguarding the interests of homebuyers and fostering a more robust and trustworthy real estate ecosystem. The three-tier review mechanism underscores Maharera's commitment to enhancing the credibility of housing projects, mitigating risks, and providing greater assurance to stakeholders in the real estate sector. As the real estate industry grapples with evolving regulatory frameworks, this multi-layered scrutiny approach is expected to set a precedent for ensuring the quality and legitimacy of housing projects. The implementation of such measures reflects the ongoing efforts to instil confidence among homebuyers and streamline the registration process in the real estate market.

Next Story
Infrastructure Transport

Railway stations in Prayagraj undergo major passenger facility expansion

The Railway Board Chairman and CEO, Satish Kumar, conducted an extensive inspection on Saturday alongside the General Manager of Northern Railway and the officiating General Manager of North Central Railway. Their visit focused on various ongoing projects at multiple stations across the Northern and North Central Railway zones, with particular attention to enhancing facilities for the upcoming Maha Kumbh. During the inspection, Chairman Kumar reviewed the construction of a vital bridge over the River Ganga, specifically between Jhunsi and Prayagraj Rambagh. This bridge is expected to significa..

Next Story
Infrastructure Transport

Madurai-Thoothukudi broad gauge line works under review

The construction of the Madurai-Thoothukudi broad gauge line, which includes the crucial Melmarudur-Tiruparankundram project, is currently under careful review. This update comes from Southern Railway's assistant public information officer, J Kumarasubramanian, following an RTI inquiry made by a concerned citizen, Dayanand Krishnan. The new broad gauge line is projected to cover a total length of 143.5 km, with the initial 18 km stretch between Milavittan and Melmarudur completed and sanctioned by the Commission of Railway Safety on March 8, 2022. While substantial progress has been made on t..

Next Story
Real Estate

DLF expects Rs 26,000 cr from super luxury project in Gurugram

Realty giant DLF is projecting impressive revenue of Rs 26,000 crore from its newly unveiled super-luxury project, The Dahlias, situated in the heart of Gurugram. Ashok Tyagi, the Managing Director of DLF, shared these insights during a recent conference call with market analysts, highlighting the project's potential amidst rising demand for high-end residential properties. The Dahlias project spans an expansive 17 acres and is set to feature approximately 420 ultra-luxury apartments, each boasting a minimum size of 10,300 square feet. This ambitious development has already garnered significan..

Hi There!

"Now get regular updates from CW Magazine on WhatsApp!

Join the CW WhatsApp channel for the latest news, industry events, expert insights, and project updates from the construction and infrastructure industry.

Click the link below to join"

+91 81086 03000