In the dynamic realm of real estate, where challenges for both home buyers and developers abound, Maharashtra Real Estate Regulatory Authority (MahaRERA) has unveiled a groundbreaking counseling system, proving to be a game-changer for the industry. Since its inception in February at the Mumbai headquarters, this initiative has evolved into a beacon of support, addressing concerns and queries and benefiting hundreds monthly.
The system’s success is evident in the escalating numbers, with an initial 1500 beneficiaries within the first couple of months growing substantially. At present, approximately 70-75 percent of home buyers and 25-30 percent of developers actively engage with MahaRERA’s counseling services.
Home buyers grapple with challenges ranging from delayed possession to subpar housing quality, while developers navigate regulatory complexities. To bridge this gap, MahaRERA introduced the counseling system, stationing two seasoned officers with profound knowledge on the fourth floor of its Mumbai headquarters, providing assistance during office hours.
Empowering Homebuyers: MahaRERA’s Guidance Lights the Path
For home buyers seeking counsel on house registration, possession delays, and quality concerns, MahaRERA emerges as a reliable guide. The counseling system facilitates understanding on how to register complaints and seek relief through proper channels, bringing much-needed clarity and satisfaction to those navigating the complexities of real estate transactions.
Developer’s Ally: MahaRERA Navigates Regulatory Labyrinths
Developers grapple with the imperative of compliance with regulatory provisions, including the timely submission of quarterly and annual forms. MahaRERA takes a robust stance on compliance, assisting developers who might overlook or be unaware of these obligations. Notably, new developers benefit immensely from official guidance on project registration and necessary documentation, streamlining processes and fostering a more efficient environment.
