Maharashtra's Realty Sector Falls Short: Only 195 Projects Comply with MahaRERA's Grievance Cell Order
A mere 195 out of 31,500 ongoing real estate projects in Maharashtra have set up grievance cells to address homebuyers' complaints, as directed by MahaRERA.
Real EstateMaharashtraMahareraGrievance CellHomebuyersReal Estate MaharashtraJun 24, 2024
The MahaRERA order, issued in August last year, aimed to bridge the information gap that often plagues homebuyers post-purchase. The order directed developers to appoint complaint officers for each project, with their contact details displayed on their websites.
According to MahaRERA chairman Ajoy Mehta, a robust grievance redressal system is essential for credibility in the sector. The construction sector has evolved from a product-based industry to a service-based one, and a grievance redressal mechanism is now a necessity.
MahaRERA has taken cognizance of the non-compliance and has instructed developers to establish complaint redressal cells for every project. The regulator is keen to ensure that developers take prompt action to further the sector's credibility.
Information Maharashtra Real Estate Regulatory Authority (MahaRERA) is a regulatory body established to oversee the real estate sector in Maharashtra. Its primary objective is to protect the interests of homebuyers and promote fair practices in the industry.
Maharashtra Real Estate Regulatory Authority (MahaRERA) is a statutory body established under the Real Estate (Regulation and Development) Act, 2016. Its primary objective is to regulate and promote the real estate sector in Maharashtra, ensuring transparency, accountability, and fairness in the industry.
Frequently Asked Questions
What is MahaRERA?
MahaRERA is a regulatory body established to oversee the real estate sector in Maharashtra.
What is the purpose of MahaRERA's grievance cell order?
The order aims to bridge the information gap that often plagues homebuyers post-purchase.
How many real estate projects in Maharashtra have complied with MahaRERA's order?
Only 195 out of 31,500 ongoing real estate projects in Maharashtra have complied with MahaRERA's order.
Why is a grievance redressal mechanism necessary in the real estate sector?
A grievance redressal mechanism is necessary to ensure credibility in the sector and to protect the interests of homebuyers.
What action will MahaRERA take against non-compliant developers?
MahaRERA has instructed developers to establish complaint redressal cells for every project, and will take prompt action to ensure compliance.
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