Maharashtra: In a move to protect the interests of homebuyers, the Maharashtra Real Estate Regulatory Authority (MahaRERA) has instituted a requirement for a single registration number for each standalone project. This measure comes as a response to instances where developers obtained multiple MahaRERA registration numbers for either the same project or specific sections of a real estate development.
Implemented with immediate effect on Wednesday, the directive aims to curb fraudulent practices and protect homebuyers from deceitful activities. As per the latest directive, promoters seeking new registration for a housing project are now required to submit a declaration-cum-undertaking on their official letterhead. This document, following a prescribed format, confirms that neither the proposed project site nor any of its components currently holds a MahaRERA registration number, and there are no pending applications.
Aiming to eliminate potential avenues for project delays, MahaRERA is actively implementing policies to ensure developers cannot exploit loopholes. The introduction of the 'One Stand-alone Project: One MahaRERA Number' policy is a significant step towards safeguarding the interests of all stakeholders, especially homebuyers. According to Ajoy Mehta, Chairman of MahaRERA, this recent decision will enhance MahaRERA's monitoring capabilities, allowing for more effective oversight of all projects while upholding stringent regulatory provisions.
This directive extends to both standalone and multi-phased housing projects situated on extensive plots. The specified format will encompass particulars like CS number, CTS number, final plot number, survey number, Hissa number, GAT number, Khasra number, etc. In the event of inaccuracies, misinformation, or deception in the provided details, MahaRERA will take appropriate action against the concerned promoter.
The regulatory body has identified instances where promoters seek additional MahaRERA registration numbers without informing the authority, even when the plot or project already possesses a registration number. This practice is particularly prevalent in cases where landowners and promoters are distinct entities, operating independently or in situations where a landowner engages with multiple promoters. Such scenarios lead to complications and uncertainties in project completion, often hindering the acquisition of Occupancy Certificates (OC). Consequently, homebuyers encounter challenges in accessing essential amenities like water supply and civic facilities. In response to these issues, MahaRERA has introduced the "One Stand-alone Project: One MahaRERA Number" policy to mitigate confusion and ensure smoother project management.
For projects occupying extensive plots, the possibility of securing separate registration numbers for either the entire project or its distinct phases remains feasible. However, it's crucial to note that any reservations on the plot, as stipulated by government and local planning authorities, cannot be altered without following the requisite formalities mandated by the relevant authorities. This process necessitates legal consent from the allottees. MahaRERA has implemented these legal measures to preemptively address potential complaints and disputes related to shared or specialized amenities such as recreational areas, playgrounds, parking, internal roads, swimming pools, clubhouses, and gyms. The regulator underscores the importance of explicitly detailing these amenities for each phase of a project in the applications submitted for obtaining a new MahaRERA registration number.
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