MahaRERA registers over 16,000 projects in a year

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In just over a year, the Maharashtra Real Estate Regulatory Authority (MahaRERA) has registered 16,665 projects, the highest by any regulatory authority in the country. Since its implementation in May 2017, the state regulator has received a total of 16,802 applications from builders and developers, of which it has granted registration to 16,665. In the same time frame, it received 14,881 applications from real estate agents across the state, out of which, registration to 14,762 were granted.

The regulatory authority also received 2,866 complaints, of which, it has passed orders on 1,637 complaints while hearing for 891 complaints is still in the process. The regulator is yet to receive documents in 170 complaints.

In case either of the party is not happy with the verdict passed by MahaRERA, they can approach the Maharashtra Real Estate Appellate Tribunal. Of the 219 appeals the tribunal has received till date, orders in 74 appeals have been passed, while it is in process of hearing 93 appeals. The tribunal is yet to receive documents in the remaining 52 cases.

Besides, the conciliation forum formed by the authority has received 171 conciliation requests, of which, the consent of the promoters was received in 88. Hearing in 53 requests has been completed, while the same is being conducted for 12 conciliation requests.

It is to be noted that MahaRERA has also been asked to take the charge of Daman and Diu and Dadra Nagar Haveli zones. The authority has granted registration to 63 projects and one agent in both the union territories combined.


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