MahaRERA Initiates Another Important Measure To Safeguard Homebuyers’ Investment – “One Stand-alone Project: One MahaRERA Number” policy
Mumbai, 17th January 2024: The Maharashtra Real Estate Regulatory Authority (MahaRERA) has decided on the “One Stand-alone Project: One MahaRERA Number” policy.
This important step has been taken to prevent cheating of homebuyers as certain instances have surfaced of developers obtaining two or more MahaRERA registration numbers for the same or part of a real estate project.
MahaRERA has issued an order in this regard which has come into force with immediate effect. As per the latest order, henceforth, every promoter applying for new registration of a housing project will have to submit Declaration-cum-Undertaking in the prescribed format on their letter head that neither the site of the proposed project nor any part of it have MahaRERA registration number; or is any application pending. This is applicable for stand-alone 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, Khasra number, etc.
If information submitted is found wrong, incorrect or misleading, MahaRERA will initiate appropriate action against such promoter.
It has come to the notice of MahaRERA that some promoters are applying for additional MahaRERA registration number for various reasons, without disclosing the same to the Authority, despite the plot or project already having a MahaRERA registration number. It has been observed that in some places the land owner, the promoters are different and they work independently and in some places the land owner contracts with more than one promoter. This creates multiple challenges and confusion in project’s completion. Such buildings face difficulties in getting Occupancy Certificates (OC). Resultant, the homebuyers end up facing difficulties in securing water supply and other basic civic facilities. To prevent such occurrences, MahaRERA has introduced the new policy of “One Stand-alone Project: One MahaRERA Number”.
Incase of a project on a large plot separate registration number for the project or phases can be obtained. However, any reservation on the plot as declared by the Government and Local Planning Authority cannot be changed without the formalities as prescribed by the authorities concerned, time-to-time. This includes legal consent of the Allottees as well. These legal measures are to avoid any complaints, disputes with regards to common or special amenities such as recreation, playground, parking, internal roads, swimming pool, club house, gymnasium, etc. 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.
“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 Stand-alone Project: One MahaRERA Number’ is another crucial policy towards safeguarding the interest of all stakeholders including homebuyers. Latest decision will help MahaRERA to monitor all the projects more effectively, while strictly implementing the regulatory provisions”, said Ajoy Mehta, Chairman, MahaRERA.
