MahaRERA Proposes Stringent Regulations for Retirement Homes to Ensure Senior Citizen Safety
The Maharashtra Real Estate Regulatory Authority (MahaRERA) has released a draft aimed at regulating retirement homes across the state, aligning with the model guidelines issued by Union ministry of housing and urban affairs (MoHUA) for the development and regulation of retirement homes. This move follows concerns about misleading advertisements and inadequate facilities for senior citizens within such housing developments. MahaRERA has become India's first and only housing regulatory body to disseminate guidelines for retirement housing projects.
Source: moneylife.in
