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MahaRERA proposes mandatory disclosure of amenities' features and delivery dates in real estate projects' sale agreements, aiming to eliminate ambiguity and disputes. Details of facilities like pools, gyms, and courts must be included with their availability dates, considered a non-negotiable clause. Stakeholders' feedback invited till May 27.
(This story has not been edited by THE WEEK and is auto-generated from a PTI
MahaRERA said that homebuyers are attracted to amenities like swimming pools, gyms & community centres, but agreements lack clarity on access & specifications.
Maharashtra Real Estate Regulatory Authority (MahaRERA) has introduced directives to address parking issues in residential developments. Developers are required to include specifics about parking dimensions, numbering, and location within buildings in allotment letters and agreements for sale. The move aims to ensure transparency and adherence to regulations, and to uphold consumer rights and foster accountability.
Parking Regulations: Following the registration of apartments, realty developers are mandated to incorporate these specifics into the allotment letter and agreement for sale, ensuring transparency and adherence to regulations.