It’s been 80 days since the Maharashtra Real Estate Regulatory Authority (Maha RERA) act was introduced but only 11 per cent of 1100 projects have been registered with the authority.
Builders have only 10 days to register but there’s no sense of urgency among them. The authority will take strict action if the registration isn't completed within the stipulated time frame.
Related Article: Maha RERA
Maha RERA was set up to make sure the common man doesn’t fall prey to fraud builders who trick people. Accordingly, builders are allowed to advertise their projects only if they have registered with Maha RERA and in order to register, builders have been asked to do so by July 31.
There are multiple projects in the state which don’t have an OC.
Builders and many associations have asked for the deadline to be extended after Maha RERA Chairman, Gautam Chatterjee, had made it very clear that no extension would be given. On the other hand, Anand Gupta, Member of Builders Association of India, claimed that no such request was made and they do not need an extension in the first place.
The number of registrations are expected to increase in the next ten days. However, those who do not register until July 31, serious action will be taken against them. The builders will not get any extended time for registration,” Vasant Prabhu, Secretary, Maha RERA.
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