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‘One Project, One Registration’: MahaRERA Brings New Rule to Protect Interest of Homebuyers Against Builders

According to the MahaRERA, some promoters are applying for additional registration numbers without disclosing the reasons to the authority. (File Photo)

According to the MahaRERA, some promoters are applying for additional registration numbers without disclosing the reasons to the authority. (File Photo)

MahaRERA has said the declaration-cum-undertaking application should be written in a prescribed format on a letter head, saying neither the site of the proposed real estate project nor any part of it has a registration number. There are instances where registration has been done multiple times for the same project

Maharashtra Real Estate Regulator Authority has asked promoters applying for a new registration of a housing project to submit declaration-cum-undertaking letter in order to prevent cases of cheating involving homebuyers.

In its recent order, MahaRERA has said the declaration-cum-undertaking application should be written in a prescribed format on a letter head, saying neither the site of the proposed real estate project nor any part of it has a registration number. There are instances where registration has been done multiple times for the same project.

The order is applicable for standalone as well as multi-phased housing projects on large plots.

The prescribed format will contain details such as CS number, CTS number, final plot number, survey number, Hissa number, GAT number and Khasra number. If any wrong information is found to have been submitted, MahaRERA will initiate appropriate action against such promoter.

According to the MahaRERA, some promoters are applying for additional registration numbers without disclosing the reasons to the authority. It has been observed that in some places the landowner and promoters are different and they work independently while in others the land owner has contracts with more than one promoter. This is creating challenges and confusion in project’s completion.

For instance, buildings face difficulties in obtaining Occupancy Certificates (OC), which affects the homebuyers in securing water supply and other basic civic facilities. To prevent such issues, MahaRERA has introduced the new policy of “One Standalone Project: One MahaRERA Number”.

“MahaRERA is trying its best that there should not be any possibility under the pretext of which the developer gets an opportunity to delay the project. “’One Standalone Project: One MahaRERA Number’ is another crucial policy towards safeguarding the interests of all stakeholders including homebuyers. Latest decision will help MahaRERA to monitor all the projects more effectively, while strictly implementing the regulatory provisions,” said MahaRERA chairman Ajoy Mehta.

In case of a project on a large plot, separate registration number for the project or phases can be obtained. Any reservation on the plot declared by the government or the local planning authority, however, cannot be changed without the formalities as prescribed by the authorities concerned. This includes legal consent of the Allottees as well. These legal measures will help to avoid complaints with regards to disputes on amenities such as recreation, playground, parking, internal roads, swimming pool, club house and gymnasium. All these need to be categorically and unambiguously specified for every project’s phase in each of the applications submitted for a new MahaRERA registration number.

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