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MahaRERA mandates single registration number for each standalone project, ET RealEstate - Vimarsana News

MahaRERA mandates single registration number for each standalone project, ET RealEstate

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 mandates one project registration number for one stand-alone project - Vimarsana News

MahaRERA mandates one project registration number for one stand-alone project

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

MahaRERA mandates single registration number for each standalone project - Vimarsana News

MahaRERA mandates single registration number for each standalone project

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.

New MahaRERA policy mandates one registration number per standalone project - Vimarsana News

New MahaRERA policy mandates one registration number per standalone project

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.