亚博体育官网首页

MahaRERA Introduces Orders for Real Estate Protection
Real Estate

MahaRERA Introduces Orders for Real Estate Protection

The Maharashtra Real Estate Regulatory Authority (MahaRERA) has issued five new directives aimed at safeguarding the interests of real estate agents, landlords, and homebuyers across Maharashtra. These orders seek to enhance transparency, promote accountability, and ensure fair practices in property transactions.

Key among the directives is a mandate requiring all real estate agents to disclose their registration numbers in any transaction or advertising, making it easier for homebuyers to verify an agent's authenticity. This measure is designed to reduce instances of fraudulent practices and unregistered agents in the market, thus enhancing consumer trust.

Additionally, MahaRERA has introduced guidelines for landlords and agents to clearly outline fee structures and commissions. These rules emphasize that any service fees or charges should be transparently disclosed and agreed upon before finalizing any transactions. This provision aims to prevent conflicts over hidden charges and ensures that landlords and tenants alike are fully informed about costs.

For homebuyers, MahaRERA鈥檚 new guidelines stress the importance of timely delivery and quality standards in residential projects. Developers are required to adhere strictly to promised timelines and specifications, with MahaRERA overseeing compliance. This initiative aims to protect buyers from delays and subpar construction quality, which have been common complaints in the real estate sector.

Furthermore, MahaRERA has empowered buyers with more robust mechanisms for filing complaints and seeking redress. With these new orders, homebuyers are assured of MahaRERA鈥檚 commitment to enforce compliance and address grievances promptly.

These comprehensive measures reflect MahaRERA鈥檚 proactive approach to creating a balanced, transparent, and fair real estate ecosystem in Maharashtra. By enforcing these rules, MahaRERA intends to bolster consumer confidence and ensure that all stakeholders 鈥� from agents to buyers 鈥� engage in transactions that are fair, transparent, and compliant with the law.

The Maharashtra Real Estate Regulatory Authority (MahaRERA) has issued five new directives aimed at safeguarding the interests of real estate agents, landlords, and homebuyers across Maharashtra. These orders seek to enhance transparency, promote accountability, and ensure fair practices in property transactions. Key among the directives is a mandate requiring all real estate agents to disclose their registration numbers in any transaction or advertising, making it easier for homebuyers to verify an agent's authenticity. This measure is designed to reduce instances of fraudulent practices and unregistered agents in the market, thus enhancing consumer trust. Additionally, MahaRERA has introduced guidelines for landlords and agents to clearly outline fee structures and commissions. These rules emphasize that any service fees or charges should be transparently disclosed and agreed upon before finalizing any transactions. This provision aims to prevent conflicts over hidden charges and ensures that landlords and tenants alike are fully informed about costs. For homebuyers, MahaRERA鈥檚 new guidelines stress the importance of timely delivery and quality standards in residential projects. Developers are required to adhere strictly to promised timelines and specifications, with MahaRERA overseeing compliance. This initiative aims to protect buyers from delays and subpar construction quality, which have been common complaints in the real estate sector. Furthermore, MahaRERA has empowered buyers with more robust mechanisms for filing complaints and seeking redress. With these new orders, homebuyers are assured of MahaRERA鈥檚 commitment to enforce compliance and address grievances promptly. These comprehensive measures reflect MahaRERA鈥檚 proactive approach to creating a balanced, transparent, and fair real estate ecosystem in Maharashtra. By enforcing these rules, MahaRERA intends to bolster consumer confidence and ensure that all stakeholders 鈥� from agents to buyers 鈥� engage in transactions that are fair, transparent, and compliant with the law.

Next Story
Resources

Blum India brings Design Reverie to Hyderabad

Blum India hosted the Hyderabad edition of its signature event, Design Reverie, at the historic Taj Falaknuma Palace, making it a memorable evening for the city鈥檚 architecture and interior design community. As per news reports, the event combined modern design sensibilities with the grandeur of a palace setting and the spiritual charm of Sufi qawwali.This marked the third edition of the event, after previous gatherings in Delhi and Bangalore. In Hyderabad, the focus was on fostering relaxed yet meaningful dialogue among design professionals鈥攁way from the typical conference setup. The eveni..

Next Story
Resources

Hafele launches Platinum Studio in Nagpur

Hafele has expanded its franchise footprint in central India by opening a new Studio Partner Platinum showroom in Nagpur in collaboration with Onkar Furnitech. The studio was inaugurated by Nitin Gadkari, Minister of Road Transport and Highways, along with Padma Gupta, Director 鈥� HR & Customer Experience, Hafele South Asia.Located at Sarthak Plaza, South Ambazari Road, Laxmi Nagar, the showroom offers an immersive experience of Hafele鈥檚 wide-ranging interior and home solutions. Designed as a hands-on, real-life application space, the studio showcases Hafele鈥檚 full portfolio鈥攊ncludi..

Next Story
Resources

Truflo by Hindware wins GPTW honour again

Truflo by Hindware has been certified a Great Place to Work for the fourth consecutive year, reaffirming its commitment to a people-first culture. The certification was awarded by the Great Place to Work Institute following a rigorous evaluation of employee experience, leadership, culture, and HR practices.Known as India鈥檚 fastest-growing plastic pipes and fittings company, Truflo has focused on fostering an inclusive, innovative, and growth-driven work environment. The company prioritises employee well-being and professional development, creating a culture where people feel valued and empow..

Advertisement

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Advertisement