The Maharashtra Real Estate Regulatory Authority (MahaRERA) has completed six years of operation, playing a significant role in bringing transparency and consumer protection to the real estate sector in Maharashtra.
The Maharashtra Real Estate Regulatory Authority (MahaRERA) has completed six years of operation, having been established on June 26, 2017. In these six years, MahaRERA has registered over 18,000 projects and 12,000 agents, and has disposed of over 13,000 complaints.
MahaRERA has played a significant role in bringing transparency and consumer protection to the real estate sector in Maharashtra. The authority has ensured that all real estate projects are registered with MahaRERA, and that all project details are disclosed to potential buyers. MahaRERA has also helped to resolve disputes between buyers and developers, and has provided a forum for buyers to voice their concerns.
“MahaRERA has been a game-changer for the real estate sector in Maharashtra. The authority has helped to create a more transparent and consumer-friendly environment for real estate transactions. We are committed to continuing to work towards ensuring that the real estate sector in Maharashtra is fair and equitable for all stakeholders.” - Mr. Ajoy Mehta, Chairman of MahaRERA.
Future Plans
In the coming years, MahaRERA plans to focus on improving its outreach and awareness initiatives. The authority also plans to introduce new initiatives to help protect consumers, such as a grievance redressal mechanism and a mediation process.
“We are committed to making MahaRERA a more effective and efficient regulator,” said Mr. Mehta. “We believe that these new initiatives will help to further protect consumers and promote transparency in the real estate sector.”
The six years of MahaRERA have been a success story. The authority has helped to improve the real estate sector in Maharashtra, and has made it a more transparent and consumer-friendly environment. MahaRERA is committed to continuing to work towards ensuring that the real estate sector in Maharashtra is fair and equitable for all stakeholders.
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