New Leadership at MahaRERA: Former CS Manoj Saunik Takes the Helm
The Maharashtra state government has appointed former Chief Secretary Manoj Saunik as the new Chairman of the Maharashtra Real Estate Regulatory Authority (MahaRERA)
MahareraMaharashtra Real EstateReal Estate Regulatory AuthorityManoj SaunikAjit MehtaReal Estate MaharashtraJul 16, 2024
Saunik's appointment comes at a crucial time when MahaRERA is working towards implementing various initiatives to bring transparency and accountability in the real estate sector. The regulatory body has been actively working towards getting developers to upload updates about their projects on its website. In fact, MahaRERA had served notices to around 16,000 real estate developers and promoters for not providing satisfactory responses regarding information about their projects.
In addition to this, MahaRERA is also in the process of leveraging Artificial Intelligence (AI) tools to grade realty projects. This move is expected to bring in much-needed clarity and standardization in the sector.
MahaRERA was established on March 8, 2017, with the objective of regulating and promoting the real estate sector in the state. The regulatory body has had two chairmen so far - Gautam Chaterjee, a retired bureaucrat, who was appointed as the first Chairman in May 2017, and Ajit Mehta, who took over in February 2021. Saunik will be the third Chairman of MahaRERA and will hold the position till the age of 65.
The appointment of Saunik is seen as a positive move, given his vast experience and expertise in administration. His leadership is expected to bring in new ideas and perspectives that will help MahaRERA achieve its objectives more effectively.
Information MahaRERA is a regulatory body established by the Maharashtra government to regulate and promote the real estate sector in the state. The body was set up under the Real Estate (Regulation and Development) Act, 2016, and is responsible for ensuring that real estate developers and promoters comply with the provisions of the Act.
Maharashtra Real Estate Regulatory Authority (MahaRERA) is a government-established regulatory body that aims to promote transparency and accountability in the real estate sector in Maharashtra. The body is responsible for ensuring that real estate developers and promoters comply with the provisions of the Real Estate (Regulation and Development) Act, 2016.
Frequently Asked Questions
Who has been appointed as the new Chairman of MahaRERA?
Manoj Saunik, former Chief Secretary of Maharashtra, has been appointed as the new Chairman of MahaRERA.
What is the objective of MahaRERA?
The objective of MahaRERA is to regulate and promote the real estate sector in Maharashtra.
When was MahaRERA established?
MahaRERA was established on March 8, 2017.
What is the Real Estate (Regulation and Development) Act, 2016?
The Real Estate (Regulation and Development) Act, 2016 is a legislation that aims to regulate and promote the real estate sector in India.
What is the significance of Manoj Saunik's appointment as MahaRERA Chairman?
Manoj Saunik's appointment as MahaRERA Chairman is significant because it brings in new leadership and expertise to the regulatory body, which is expected to help in achieving its objectives more effectively.
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