Stand Alone Project News Today

The regulatory authority has introduced this measure in response to certain cases where developers secured two or more MahaRERA registration numbers for the same or portions of a real estate project.

MahaRERA said the decision was taken to prevent cheating of homebuyers by developers.

According to the latest directive, going forward, any promoter seeking new registration for a housing project must submit a declaration-cum-undertaking on their official letterhead. This document, in the prescribed format, attests that neither the proposed project site nor any of its parts holds a MahaRERA registration number, nor is there any pending application.

MahaRERA identified a trend where some promoters were applying for additional registration numbers without disclosing them to the authority, even when the project already had a MahaRERA registration number.