Manoj Saunik Takes the Reins as MahaRERA Chairman: A New Era for Maharashtra Real Estate
Former Maharashtra Chief Secretary Manoj Saunik has been appointed as the new Chairman of MahaRERA, succeeding Ajoy Mehta.
MahareraMaharashtra Real EstateManoj SaunikReal Estate Regulatory AuthorityReal Estate MaharashtraJul 17, 2024
Saunik, an IAS officer of the 1987 batch, has had a distinguished career in the civil services. He retired as Chief Secretary in December 2023 and is currently serving as the Principal Advisor to the Chief Minister. With his vast experience and expertise, Saunik is well-equipped to lead MahaRERA in its mission to regulate and promote the real estate sector in Maharashtra.
The appointment of Saunik as MahaRERA Chairman follows a thorough selection process, wherein a committee chose him from a pool of eligible candidates. As per regulatory norms, Saunik will hold office until he turns 65.
MahaRERA has been actively working towards creating a more transparent and accountable real estate ecosystem in Maharashtra. The regulatory body has been enforcing project updates from developers and is integrating Artificial Intelligence tools to assess real estate projects. With Saunik at the helm, MahaRERA is expected to continue its efforts towards promoting a more efficient and customer-centric real estate market.
MahaRERA was established in March 2017, with the objective of regulating and promoting the real estate sector in Maharashtra. The regulatory body has had two previous chairs, Gautam Chaterjee and Ajoy Mehta, before Saunik's appointment.
Maharashtra Real Estate Regulatory Authority (MahaRERA) is a regulatory body established by the Government of Maharashtra to regulate and promote the real estate sector in the state. MahaRERA aims to protect the interests of homebuyers and promote a fair and transparent real estate market.
Frequently Asked Questions
Who has been appointed as the new Chairman of MahaRERA?
Manoj Saunik, the former Chief Secretary of Maharashtra, has been appointed as the new Chairman of MahaRERA.
What is the term of office for the MahaRERA Chairman?
The MahaRERA Chairman holds office until he turns 65, as per regulatory norms.
What are some of the initiatives undertaken by MahaRERA?
MahaRERA has been enforcing project updates from developers and is integrating Artificial Intelligence tools to assess real estate projects.
When was MahaRERA established?
MahaRERA was established in March 2017.
What is the objective of MahaRERA?
The objective of MahaRERA is to regulate and promote the real estate sector in Maharashtra, protecting the interests of homebuyers and promoting a fair and transparent real estate market.
Related News Articles
Indian Real Estate Sees Record-Breaking $2.5 Billion Investment in Q2 2024
Warehousing takes center stage with 61% of the investment, driven by India's booming e-commerce sector and increasing focus on domestic manufacturing.
Gujarat RERA Orders Refund for Two WTC Tower Allottees Over Delayed Construction and Unfulfilled Commitments
In a significant development, the Gujarat Real Estate Authority (GUJRERA) has ordered a Noida-based developer to refund due amounts to two allottees of the World Trade Centre towers at GIFT City, Gandhinagar.
IndiGo's Business Class Takeoff: 'IndiGo Stretch' Launches in November with Delhi-Mumbai Fares Starting at ₹18,018
IndiGo introduces its business class product, 'IndiGoStretch', with fares starting at ₹18,018 on the Delhi-Mumbai route. Bookings open on August 6 for travel from November 14.
Revolutionizing Real Estate Investments: Why Rexas Finance (RXS) is a Must-Have for 2024
Real estate tokenization is changing the game for investors, and Rexas Finance (RXS) is leading the charge. With its unique approach to fractional ownership, RXS is making it easier for people to invest in premium properties without breaking the bank.
Mumbai's Atal Setu Witnesses Traffic Drop Following Toll Waiver Policy
Traffic on Mumbai's Atal Setu has seen a notable decline, primarily attributed to the toll waiver policy implemented ahead of the Maharashtra elections. This move has significant implications for urban planning, real estate, and sustainability.
Andheri: The Commercial Real Estate Goldmine of Mumbai
In the bustling heart of Mumbai, Andheri stands out as a prime commercial real estate hub. With a blend of modern developments and strategic connectivity, it has become a sought-after location for businesses and investors alike.