The Government on Tuesday in its vide Notification No. REA.2017IC.R.79IDNP-2 dated 1’t March 2017 has constituted Maharashtra Real Estate Regulatory Authority (MahaRERA).
Whereas in accordance with the provisions of Section 71 of RERA Act, 2016 for the purpose of adjudicating compensation under Section 72, 74, 78 & 19, the Authority shall appoint in consultation with the appropriate Government one or more judicial officers as deemed necessary who has or has been District Judge to be an Adjudicating Officer.
Whereas in an exercise of powers conferred under section 71 of RERA Act, 201.6, the Authority in consultation with Government appointed the retired District Judges as Adjudicating Officers on its Panel.
“The work of new adjudicating officers will commence from 01st March 2018,” he added.
The government of India has enacted the Real Estate (Regulation and Development) Act 2016 and all the sections of the Act shall come into force with effect from May 1, 2017.