Manoj Saunik's Vision for a Regulated Real Estate Sector in Pune
Maharashtra Real Estate Regulatory Authority (MahaRERA) chairperson Manoj Saunik shares his insights on the future of the real estate sector and his vision for a more regulated and transparent market in Pune.
Real EstateMahareraManoj SaunikRegulationSustainabilityReal Estate PuneApr 28, 2025
Saunik’s journey into the world of real estate regulation began with a deep understanding of the sector's complexities and the need for stringent rules to protect consumers. As the real estate market in Pune has seen exponential growth, so too have the challenges faced by buyers and developers. Saunik’s role at MahaRERA is to ensure that the interests of both parties are balanced and that the sector operates within a framework of trust and accountability.
One of the key challenges Saunik addresses is the enforcement of the Real Estate (Regulation and Development) Act, 2016 (RERA). This act was introduced to bring transparency, accountability, and professionalism to the real estate sector. Saunik emphasizes that the implementation of RERA is not just about following the letter of the law but about fostering a culture where developers and buyers can engage in fair and ethical transactions.
In an interview, Saunik stated, “The real estate sector in Pune has immense potential, but this potential can only be realized if we have a robust regulatory framework. RERA is a significant step in that direction, and our focus is on ensuring that all stakeholders understand and comply with the regulations.”
MahaRERA has taken several steps to facilitate this understanding. They have organized numerous workshops and seminars to educate developers and buyers about their rights and responsibilities under RERA. Saunik believes that education is a crucial component of regulatory success. By making the rules clear and accessible, MahaRERA aims to reduce conflicts and build a more harmonious real estate market.
Another aspect of Saunik’s vision is the promotion of sustainable development. As Pune continues to grow, the environmental impact of real estate projects becomes a critical concern. Saunik advocates for the integration of green building practices and sustainable materials in the construction process. This not only benefits the environment but also adds value to the properties and enhances their long-term appeal to buyers.
Despite the progress made, Saunik acknowledges that there are still areas that need attention. One such area is the resolution of disputes between buyers and developers. MahaRERA has established a dispute resolution mechanism to address these issues promptly and fairly. Saunik emphasizes the importance of this mechanism, stating, “We are committed to ensuring that any grievances are addressed promptly and that both parties feel heard and respected.”
Looking ahead, Saunik’s vision for the real estate sector in Pune is ambitious but attainable. He envisions a market where developers are held accountable for their actions, buyers are well-informed and protected, and the environment is respected. “The future of real estate in Pune is bright, and with the right regulations and practices, we can create a market that benefits everyone,” he concludes.
Manoj Saunik’s leadership at MahaRERA is paving the way for a more regulated and transparent real estate sector in Pune. His commitment to fairness, sustainability, and education is setting a new standard for how the industry should operate. As Pune continues to grow, Saunik’s vision will play a crucial role in shaping a market that is both prosperous and responsible.
In summary, Manoj Saunik’s efforts at MahaRERA are not just about enforcing rules but about building a real estate market that is fair, transparent, and sustainable. His leadership is a beacon of hope for both developers and buyers, and his vision for the future of real estate in Pune is both inspiring and attainable.
Frequently Asked Questions
What is the role of MahaRERA in the real estate sector?
MahaRERA, or the Maharashtra Real Estate Regulatory Authority, is responsible for regulating the real estate sector in Maharashtra. Its primary role is to ensure transparency, accountability, and professionalism in real estate transactions, protecting the interests of both buyers and developers.
What is the Real Estate (Regulation and Development) Act, 2016 (RERA)?
The Real Estate (Regulation and Development) Act, 2016 (RERA) is a law introduced to bring transparency and accountability to the real estate sector. It aims to protect the rights of buyers and ensure that developers comply with regulations, thus fostering a more ethical and trustworthy market.
How does MahaRERA educate stakeholders about RERA regulations?
MahaRERA organizes workshops, seminars, and educational programs to inform developers and buyers about their rights and responsibilities under RERA. These initiatives help to create a better understanding of the regulations and promote compliance.
What is Manoj Saunik's vision for sustainable development in real estate?
Manoj Saunik advocates for the integration of green building practices and sustainable materials in real estate projects. His vision includes promoting environmental responsibility and long-term value for properties, ensuring that development is both prosperous and sustainable.
How does MahaRERA address disputes between buyers and developers?
MahaRERA has established a dispute resolution mechanism to address conflicts between buyers and developers. This mechanism ensures that grievances are handled promptly and fairly, providing a platform for both parties to be heard and respected.
Related News Articles
Technical Issues Hinder Online Tenancy Registrations in Maharashtra
Technical glitches have affected online registration of leave and licence agreements across Maharashtra, causing delays and inconvenience to citizens and real estate agents alike.
MHADA Lottery 2024: 19,000 Affordable Homes for Sale in MMR and Pune at ₹12 Lakh and Above
The Maharashtra Housing and Area Development Authority (MHADA) is set to launch a lottery for 19,000 affordable homes in the Mumbai Metropolitan Region (MMR) and Pune. The homes are priced starting from ₹12 lakh, offering a glimmer of hope for low and mid
Air India Flight from Mumbai to New York Diverted to Delhi Due to Bomb Threat
An Air India flight, bound from Mumbai to New York, was diverted to Delhi on October 14 following a bomb threat received via X (formerly Twitter). All passengers and crew are safe and the situation is under control.
Gurugram Leads Housing Price Surge, Mumbai Lagging Behind
In the last five years, the average price of new housing projects in India’s top 10 cities has surged by 88%, with Gurugram leading the pack at a 160% increase. Mumbai, on the other hand, has seen the lowest rise at 37%. This surge is attributed to massiv
Aadhar Housing Finance Launches IPO with Price Band of Rs 300-315 per Share
Aadhar Housing Finance, a prominent player in the mortgage market, has set the price band for its Initial Public Offering (IPO) at Rs 300-315 per share. The company offers a wide range of mortgage-related loan products, including loans for residential pro
Top 10 Smart Cities in India in 2024
Pune and Ahmedabad are emerging as leading smart cities in India. Kochi combines sustainable growth with industrial development, focusing on smart infrastructure and real estate.