MahaRera is proposing a new measure that requires builders to submit self-declarations on the quality of their projects, enhancing transparency and accountability in the real estate sector.
Real Estate RegulationSelf DeclarationBuild QualityMahareraTransparencyReal Estate MaharashtraJul 12, 2024
The purpose of MahaRera's self-declaration proposal is to streamline regulatory processes, enhance transparency, and promote accountability in the real estate sector.
Builders will be required to submit self-declarations regarding the quality of their projects under the proposal.
The self-declaration system is intended to promote transparency and accountability in the real estate sector, which will benefit homebuyers by ensuring that builders take responsibility for the quality of their developments.
MahaRera is a statutory body responsible for regulating and promoting the real estate sector in Maharashtra, ensuring compliance with regulatory norms and promoting transparency and accountability in the industry.
MahaRera is introducing the self-declaration system to address stakeholders' concerns related to project quality and compliance, and to strengthen consumer protection measures in the real estate sector.
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