New Leadership for MahaRERA: Manoj Saunik Takes Over as Chairman
Manoj Saunik, a 1987 batch Indian Administrative Service (IAS) officer, will succeed Ajoy Mehta as the new chairman of Maharashtra Real Estate Regulatory Authority (MahaRERA) from Friday, September 20.
MahareraMaharashtra Real Estate Regulatory AuthorityManoj SaunikAjoy MehtaReal Estate SectorReal Estate MaharashtraSep 19, 2024
Saunik, who is currently serving as the principal advisor to the chief minister, has had a distinguished career in the government, with stints as Principal Secretary of the State Water Resources Department and Principal Secretary of the State Finance Department. His expertise in finance, infrastructure, and water resources management is well-known, and he is expected to bring a fresh perspective to the role of MahaRERA chairman.
In addition to his government service, Saunik has also served as a Director on the board of various companies and organisations, including the Maharashtra Industrial Development Corporation, and the Maharashtra State Road Development Corporation.
Saunik's appointment as MahaRERA chairman comes at a time when the real estate sector in Maharashtra is facing numerous challenges, including a slowdown in sales and a massive inventory of unsold homes. As chairman, Saunik will be responsible for regulating the sector and ensuring that the interests of homebuyers are protected.
With his vast experience and expertise, Saunik is well-equipped to tackle the challenges facing MahaRERA and the real estate sector in Maharashtra. His appointment is seen as a positive development by industry experts, who believe that he will bring stability and transparency to the sector.
As Saunik takes over as MahaRERA chairman, he will be expected to address the various issues plaguing the sector, including delays in project completion, lack of transparency, and unscrupulous practices by developers. With his strong track record in governance and administration, Saunik is expected to make a positive impact on the sector and restore the confidence of homebuyers.
Maharashtra Real Estate Regulatory Authority (MahaRERA) was established in 2017 to regulate the real estate sector in Maharashtra and protect the interests of homebuyers. The authority is responsible for registering real estate projects, ensuring compliance with rules and regulations, and resolving disputes between developers and homebuyers.
Maharashtra Industrial Development Corporation (MIDC) is a state-owned organisation responsible for promoting industrial development in Maharashtra. The corporation provides infrastructure and other support services to industries operating in the state.
Maharashtra State Road Development Corporation (MSRDC) is a state-owned organisation responsible for developing and maintaining roads in Maharashtra. The corporation is also involved in the development of other infrastructure projects, including bridges and flyovers.
About Maharashtra Real Estate Regulatory Authority (MahaRERA)
MahaRERA is a regulatory authority established by the Government of Maharashtra to regulate the real estate sector in the state. The authority is responsible for registering real estate projects, ensuring compliance with rules and regulations, and resolving disputes between developers and homebuyers.
About Maharashtra Industrial Development Corporation (MIDC)
MIDC is a state-owned organisation responsible for promoting industrial development in Maharashtra. The corporation provides infrastructure and other support services to industries operating in the state.
About Maharashtra State Road Development Corporation (MSRDC)
MSRDC is a state-owned organisation responsible for developing and maintaining roads in Maharashtra. The corporation is also involved in the development of other infrastructure projects, including bridges and flyovers.
Frequently Asked Questions
Who is the new chairman of MahaRERA?
Manoj Saunik, a 1987 batch Indian Administrative Service (IAS) officer, is the new chairman of MahaRERA.
What is MahaRERA?
MahaRERA is a regulatory authority established by the Government of Maharashtra to regulate the real estate sector in the state.
What are the responsibilities of MahaRERA chairman?
The MahaRERA chairman is responsible for regulating the real estate sector, ensuring compliance with rules and regulations, and resolving disputes between developers and homebuyers.
Who is Ajoy Mehta?
Ajoy Mehta is the outgoing chairman of MahaRERA.
What is the significance of Saunik's appointment as MahaRERA chairman?
Saunik's appointment is seen as a positive development by industry experts, who believe that he will bring stability and transparency to the sector.
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