Discussion Paper On Quality Guidelines Coming
Maha RERA to monitor quality of housing to safeguard interests of homebuyers.
MUMBAI, Sep 16 (The CONNECT) – MahaRERA (Maharashtra Real Estate Regulatory Authority) has proposed a discussion paper on quality guidelines for realty projects in the state.
These directives will help monitor the quality of housing with a view to safeguard interests of homebuyers in order to get houses of good quality, announced MahaRERA chairman Ajoy Mehta.
Addressing the Real Estate Forum -2023 Mehta said, in Maharashtra, 1.6 crore citizens are waiting for homes and about 14 lakh homes are under construction. Hence, the Government recognises the importance of the real estate sector and good housing. While the foundation of regulation will remain the same, more emphasis will be laid on the issue of timely construction, delivery and quality of housing, as well, in order to make good housing available to all.
Inaugurating the Forum, Maharashtra Housing Minister Atul Save said, “The Government understands the importance and contribution of the real estate sector in the State’s development. The Government aims to ensure good housing to every person in the State and in order to achieve this; it will sort out any issues of the real estate sector.”
Sandeep Runwal, President, NAREDCO Maharashtra said, India’s real estate sector is a global bright spot when the real estate sectors in countries like China, USA are struggling. In Maharashtra, infrastructure projects are driving growth of the State while the RERA is evolving well to bring transparency and quality in functioning of development.
In these interesting times, he said, “we foresee seamless growth of the State’s real estate sector with conducive policies from the Government and issues getting addressed in real time.”
Mr Runwal announced the launch of an ambitious RealTech Fund (RTF) with an initial corpus of Rs 50 crore to propel technology innovations in the real estate sector and inculcate entrepreneurship.
Dr Niranjan Hiranandani, Vice Chairman, NAREDCO National lauded India’s prominence globally as an emerging economy and the real estate sector’s contribution in the growth story.
Calling Maharashtra’s strides in ensuring ease-of-doing-business, transparency through RERA implementation and infrastructure development phenomenal, Dr Hiranandani said, “Housing and infrastructure development in the state has grown significantly. With more urban infrastructure projects underway, the State and the city of Mumbai needs housing for all. The State’s real estate sector’s aspiration is to give a home to every person. We need a further slew of pro – housing initiatives like reducing stamp duty and registration charges to boost housing demand.”
Rajan Bandelkar, President, NAREDCO National said, “The earlier decade was for Information and technology, telecommunications, but now it is of the real estate sector; mainly due to the Central and State Government’s focus on housing for all and making commensurate policies.
During the event, NAREDCO Maharashtra unveiled two new State Chapters of Karad (in Satara District) and Akola. NAREDCO Maharashtra also announced another flagship event Homethon, 2023 to be scheduled from November 24 to 26, 2023. The event also saw the launch of a NAREDCO – JLL Research Report titled: Unlocking Opportunities with Infrastructure Development.
