Former Maharashtra chief secretary Manoj Saunik has been appointed as the chairman of Maharashtra Real Estate Regulatory Authority (MahaRERA). Saunik will take charge after incumbent MahaRERA chairman Ajoy Mehta retires on September 20.
MahareraMaharashtra Real EstateReal Estate Regulatory AuthorityManoj SaunikAjoy MehtaReal Estate MaharashtraJul 17, 2024
Manoj Saunik, former chief secretary of Maharashtra, has been appointed as the new chairman of MahaRERA.
Saunik will take charge of his new role after incumbent MahaRERA chairman Ajoy Mehta retires from the post on September 20.
The primary objective of MahaRERA is to regulate and promote the real estate sector in the state, ensuring transparency and accountability in the industry.
Sujata Saunik, wife of Manoj Saunik, is the current chief secretary of Maharashtra.
The Real Estate (Regulation and Development) Act, 2016 is a legislation aimed at protecting the interests of homebuyers and promoting fair play in the real estate sector.
Tier-2 cities in India are closing the gap with top metros, with property prices surging by 10-15% in prime areas, driven by economic diversification, rising consumer demand, and reverse migration patterns.
The Indian real estate sector is undergoing a significant transformation driven by the integration of advanced technologies, particularly AI-based project monitoring systems.
As Bollywood icon Amitabh Bachchan celebrates his birthday, let's take a closer look at the Bachchan family's impressive real estate portfolio, which spans nearly 2 lakh square feet and is valued at a staggering ₹194 crore over the past four years.
Driven by rising demand from various sectors, the industrial and logistics real estate segment saw a significant boost in the third quarter of the year. The trend is expected to continue with more Grade A assets being preferred by occupiers.
Delhi and Bengaluru also made significant gains in the prime property segment. Delhi saw a year-on-year price increment of 6.5%, while Bengaluru witnessed a robust 5.8% increase.
Despite the ongoing FPI outflows, the combined market valuation of nine of the top-10 most valued companies in India surged by Rs 2,29,589.86 crore last week, with Life Insurance Corporation of India (LIC) leading the gain.