Registered Member Projects are 100% RERA Compliant : NAREDCO

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By Accommodation Times Bureau


Real Estate Developers apex body National Real Estate Development Council (NAREDCO) which works under the aegis of Ministry of Housing and Urban affairs (MoHUA) organised a RERA compliance seminar today in Mumbai for the projects registered under MahaRERA and who failed to do certain compliance as per the RERA provisions. The seminar was organized in the best interest of the developers’ fraternity and key staff (Managing RERA Compliances) to educate them about the process of meeting MahaRERA compliances with efficiency and seamlessness.

The seminar was held with the prime purpose to share knowledge with the Developers and Stakeholders on MahaRERA compliances (Updating of CC, Form 4, Quarterly updates, etc). The seminar was to educate developers as per the provisions and compliances and how if the same are not met on time, the project may then attract a penalty of up to 5% to 10% of the total project cost which may not be in good health of the project. The dignitaries’ shared expert insights on compliances of registration with MahaRERA and its benefits in the best interest of the developers’ fraternity. Along with this, the experts shared insights on the upcoming trends in Indian Real Estate.

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