The coordination between Maharashtra Real Estate Regulatory Authority (MahaRERA) and local authorities is crucial to protect homebuyers. Lack of this coordination can lead to legal issues and delays in project completions.
MahareraReal EstateHomebuyersRegulationCoordinationReal Estate MaharashtraDec 07, 2024
The primary role of MahaRERA is to regulate the real estate sector in Maharashtra, ensuring transparency, accountability, and timely project completions, and protecting the interests of homebuyers.
Coordination between MahaRERA and local authorities is crucial for the successful implementation of RERA, as it helps in resolving issues promptly, reducing delays, and ensuring consistency in the enforcement of regulations.
Some key challenges include delays in project approvals, inconsistent enforcement of regulations, and disputes between developers and homebuyers, which can lead to legal issues and financial losses.
Establishing clear communication channels, conducting joint training programs, and conducting regular audits and reviews can help in improving communication and coordination between MahaRERA and local authorities.
A residential project in Mumbai was completed on time after MahaRERA and the municipal corporation worked closely to resolve initial regulatory issues, demonstrating the importance of coordination in ensuring timely project completions.
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