Published On: Tue, Aug 8th, 2017

Maharashtra leading ahead of all states ,in signing up for RERA

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By Accommodation Times Bureau

By receiving the 9,687 applications for real estate projects; Maharashtra has taken the lead among states and Union Territories for the total number of registrations; under the Real Estate (Regulation and Development) Act (RERA).

In the state nearly 7,200 real estate agents have also applied for registration, whereas the deadline for signing up was July 31.

“We expect the total project applications in Maharashtra to cross 10,000 by midnight,” said Vijay Satbir Singh -the state RERA member; on July 31 evening.

Union housing and urban affairs minister Narendra Singh Tomar said, “We are hopeful all states will expedite the process. It’s not a question of any action against anyone for the delay. Everyone understands the importance of the law. It takes time to enforce any law. But we have appealed to all states to do it quickly for consumer’s interest.”

In Gujarat, 110 applications of projects and 80 of agents have been registered, in Haryana, offline registration has started. In Madhya Pradesh, at least 700 applications of projects and agents have been received. In Karnataka, over 220 and in Rajasthan nearly 350 such applications have been filed.

“It’s good that a large number of promoters and real estate agents have applied for registration. This will definitely help the authority in redressing the grievances of home buyers,” said Vijay Satbir Singh. At the Mumbai office of Maharashtra RERA, officials said, “There was a frantic rush from developers to meet the deadline. “In the initial months, the applications were extremely slow. Developers were confused, but after our clarifications, the speed picked up,” they said.

 

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