Massive Violations Uncovered: 900 Property Documents Flout Real Estate Laws
In a shocking revelation, over 900 property documents in Pune, Mumbai, and Thane districts have been found violating MahaRERA and Fragmentation Act, with major implications for the real estate industry.
Real EstateProperty DocumentsMahareraFragmentation ActReraReal Estate NewsJun 13, 2024
According to a senior revenue official, 200 documents have violated MahaRERA norms, while 700 have defied fragmentation rules. Another 25 documents have flouted other laws, and a staggering 600 are under suspicion for undervaluation, leading to potential revenue losses of Rs 100-200 crore.
The state registration department has set up committees to scrutinize property papers at all 550 offices across the state to rule out violations of the Real Estate (Regulation and Development) Act (RERA), 2016, and the Maharashtra Prevention of Fragmentation and Consolidation of Holdings Act, 1947.
RERA registration is mandatory for every realtor building residential or commercial projects above 500 sqm or having more than eight flats across phases. The Fragmentation Act prohibits registration of fragmented or small land parcels, with the Maharashtra IGR allowing only properties of size 11 gunthas (11,000 sq ft) or more.
The state department registers 25-30 lakh documents annually. The entire exercise now needs to be replicated across all offices, and there are demands for a dedicated cell to conduct such inspections given the humongous number of documents.
Meanwhile, 82 officials from the state registration department are already under the scanner for illegally registering documents in violation of RERA and fragmentation norms, with 44 of them from Pune district.
The Maharashtra Real Estate Regulatory Authority (MahaRERA) is a regulatory body established under the Real Estate (Regulation and Development) Act (RERA), 2016. The Maharashtra Prevention of Fragmentation and Consolidation of Holdings Act, 1947, aims to consolidate and prevent fragmentation of agricultural landholdings.
The Inspector General of Registration and Controller of Stamps (IGR) is a state government agency responsible for overseeing property registrations and stamp duties in Maharashtra.
Frequently Asked Questions
What is MahaRERA?
MahaRERA is the Maharashtra Real Estate Regulatory Authority, a regulatory body established under the Real Estate (Regulation and Development) Act (RERA), 2016.
What is the Fragmentation Act?
The Fragmentation Act aims to consolidate and prevent fragmentation of agricultural landholdings in Maharashtra.
How many property documents have violated real estate laws?
Over 900 property documents have been found violating MahaRERA and Fragmentation Act norms.
What are the implications of undervaluation of property documents?
Undervaluation of property documents can lead to revenue losses of Rs 100-200 crore.
How many officials are under the scanner for violating real estate laws?
82 officials from the state registration department are under the scanner for illegally registering documents in violation of RERA and fragmentation norms.
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