MahaRera will bring transparency and discipline – Gautam Chatterji

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CREDAI-Maharashtra Organizes State Level Workshop on New Law


Pune, 27 April: The Maharashtra Real Estate Regulatory Act, 2016 (MahaRera) will bring transparency and discipline in the real estate sector. It will make things easy and there is nothing to fear for those who follow the law, said Shri. Gautam Chatterji, IAS and the State Regulator, RERA, Maharashtra.


Shri. Chatterji was speaking at a workshop on ‘RERA Rules and Regulations’ organised by CREDAI-Maharashtra. Satish Magar, president elect of Credai-National, Suhas Merchant, Credai-National RERA Committee member,  Shantilal Kataria, president of CREDAI-Maharashtra, Shrikant Paranjape, President of Credai-Pune Metro and other dignitaries and functionaries were present on the occasion. 


The workshop witnessed heavy presence of  developers, builders, chartered accountants and legal experts while over 1000 members of Credai from 40 cities in the state attended it. Aarti from KPMG explained the nuances and technical process of registering under the MahaRera.


Explaining the salient features of MahaRera, Shri. Chatterjee said, “Maharashtra has been always a pioneer state in the housing sector. We should all be proud that the state has been first in notifying and implementing the Act. All dealings in the real estate are to be done online only after May 1, 2017. We have adopted the policy of ‘zero footfall-zero paper’. The MahaRera will bring transparency and discipline. It will bring trust between the developers and their customers. We are only a medium of building this relationship of trust. We will help in every possible way to help the builders.”


He advised the developers to be truthful with the information they are providing. “You should own up the information and ensure that the correct information is fed. All parts of state, regardless of rural or urban, will fall under the jurisdiction of MahaRera. You will be responsible for the wrong information, hence those outsourcing the task of registering their projects on the MahaRera website should be careful to check the data,” he said.