Maharera Proposes Amenity Details Mandate
Real Estate

Maharera Proposes Amenity Details Mandate

Maharashtra Real Estate Regulatory Authority (MahaRERA) has proposed a new mandate requiring developers to disclose amenity details along with deadlines in their project registrations. This move aims to enhance transparency and accountability in the real estate sector, ensuring that buyers are fully informed about the amenities promised by developers.

The proposed mandate underscores MahaRERA's commitment to protecting the interests of homebuyers and promoting fair practices in the real estate industry. By mandating developers to specify amenity details and deadlines upfront, the authority aims to prevent instances of misleading advertisements or delayed delivery of promised amenities.

Under the proposed mandate, developers will be required to provide comprehensive information about the amenities planned for their projects, including facilities such as parks, gardens, swimming pools, and clubhouses. Additionally, developers will need to specify the timelines for the completion of these amenities, ensuring clarity and accountability.

This initiative is expected to empower homebuyers with the necessary information to make informed decisions about their property investments. By ensuring transparency regarding amenity provisions and timelines, MahaRERA aims to foster trust and confidence in the real estate market.

Overall, the proposal to mandate developers to disclose amenity details with deadlines aligns with MahaRERA's objective of promoting transparency and accountability in the real estate sector. If implemented, this measure has the potential to significantly benefit homebuyers by providing them with greater clarity and assurance regarding the amenities promised in their future homes.

The 14th RAHSTA Expo, part of the India Construction Festival, will be held on October 9 and 10, 2024, at the Jio Convention Centre in Mumbai. For more details, visit: https://rahstaexpo.com

Maharashtra Real Estate Regulatory Authority (MahaRERA) has proposed a new mandate requiring developers to disclose amenity details along with deadlines in their project registrations. This move aims to enhance transparency and accountability in the real estate sector, ensuring that buyers are fully informed about the amenities promised by developers. The proposed mandate underscores MahaRERA's commitment to protecting the interests of homebuyers and promoting fair practices in the real estate industry. By mandating developers to specify amenity details and deadlines upfront, the authority aims to prevent instances of misleading advertisements or delayed delivery of promised amenities. Under the proposed mandate, developers will be required to provide comprehensive information about the amenities planned for their projects, including facilities such as parks, gardens, swimming pools, and clubhouses. Additionally, developers will need to specify the timelines for the completion of these amenities, ensuring clarity and accountability. This initiative is expected to empower homebuyers with the necessary information to make informed decisions about their property investments. By ensuring transparency regarding amenity provisions and timelines, MahaRERA aims to foster trust and confidence in the real estate market. Overall, the proposal to mandate developers to disclose amenity details with deadlines aligns with MahaRERA's objective of promoting transparency and accountability in the real estate sector. If implemented, this measure has the potential to significantly benefit homebuyers by providing them with greater clarity and assurance regarding the amenities promised in their future homes.

Next Story
Infrastructure Urban

Govt approves NPCIL-NTPC JV company ASHVINI to start nuclear power generation

The Government on September 11, 2024 accorded approval to the Anushakti Vidhyut Nigam Ltd. (ASHVINI), a Joint Venture (JV) of Nuclear Power Corporation of India Limited – NPCIL (51%) and NTPC Ltd. (49%) to build, own & operate nuclear power plants in India in accordance with provisions of the Atomic Energy Act. Additionally Govt. of India has approved transfer of Mahi Banswara Rajasthan Atomic Power Project (MBRAPP) 4x700 MWe based on indigenous PHWR technology, from NPCIL to the JV Company ASHVINI. The Govt has also approved exemption to NPCIL to invest more than Rs 5 billion and exemptio..

Next Story
Infrastructure Urban

CRC Group partners with Dubai’s Killa Design for luxury Noida project

Noida-based real estate developer CRC Group has teamed up with renowned Dubai architect Shaun Killa to design an ultra-luxury residential project in Greater Noida. Shaun Killa, known for iconic structures such as Dubai's Museum of the Future and the Bahrain World Trade Centre, brings his expertise in sustainability and innovation to the collaboration. Killa expressed excitement about the partnership, stating, "Our goal is to create a design that stands the test of time, respects the environment, and complements the culture of the region." The project, set to feature between 375 to 400 luxury u..

Next Story
Infrastructure Urban

Nexus Venture sells stake in India Shelter Finance for Rs 4.82 billion

Venture capital firm Nexus Venture Partners divested a 5.97% stake in India Shelter Finance Corporation for Rs 4.82 billion through open market transactions. India Shelter Finance, based in Gurugram, caters to first-time home loan buyers in Tier-II and Tier-III cities, focusing on the low- and middle-income segments. Nexus, via its affiliates Nexus Ventures III and Nexus Opportunity Fund II Ltd, sold 6.4 million shares in two bulk deals on the BSE, priced between Rs 752.35 and Rs 753.27 per share, resulting in a total deal value of Rs 4.81 billion. This transaction reduced Nexus' stake in the ..

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