Maharashtra Cracks Down on Real Estate Violations: 796 Documents Under Scanner
Maharashtra's registration department is scrutinizing 796 property registration documents for violating real estate laws, specifically the Real Estate (Regulation and Development) Act (RERA), 2016, and Maharashtra Prevention of Fragmentation and Consolida
Maharashtra Real Estate LawsReraProperty RegistrationReal Estate AgentsIgrReal Estate MaharashtraAug 01, 2024
As part of this effort, 796 property registration documents in various offices across the state, including Pune, Mumbai, Thane, and Latur, are under scanner. Inspections are being conducted at all 519 offices in the state, with officials working to rule out any violations.
RERA registration is mandatory for every realtor looking to develop a residential or commercial property exceeding 500 sqm or with more than eight proposed apartments in all phases. With around 25-30 lakh documents registered annually, this review is a massive task that will be carried out alongside day-to-day work.
According to Sachin Shingavi, head of the Association of Real Estate Agents, Pune, many property agreements were delayed due to inspections, causing inconvenience to applicants. He emphasized the need for proper intimation to citizens to avoid wasted time at sub-registrar offices.The Maharashtra government's efforts to crack down on real estate law violations are part of a broader initiative to ensure transparency and accountability in the sector.
Frequently Asked Questions
What is RERA and why is it important?
RERA (Real Estate Regulation and Development Act) is a law that regulates the real estate sector, aiming to promote transparency, accountability, and fair practices. It is essential for ensuring that real estate developers and agents comply with the law, protecting the interests of homebuyers and investors.
What is the Maharashtra Prevention of Fragmentation and Consolidation of Holdings Act, 1947?
This act aims to prevent the fragmentation of agricultural land holdings, promoting consolidation and more efficient use of land resources. It also regulates the sale and transfer of land, ensuring compliance with the law.
Why are property registration documents being scrutinized?
The registration department is reviewing property registration documents to ensure compliance with RERA and the Maharashtra Prevention of Fragmentation and Consolidation of Holdings Act, 1947. This effort aims to address rising complaints about real estate law violations.
How many property registration documents are being reviewed?
796 property registration documents in various offices across Maharashtra are under scanner for potential violations.
Who is conducting the review?
The Inspector General of Registration and Controller of Stamps (IGR) office has initiated the review, with officials conducting inspections at all 519 offices in the state.
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