In the fiscal year 2023-24, MahaRERA countless achievements. For instance, it registered 4,332 of the 5,471 applications received. Senior executives emphasized that the application of the remained projects which are under thorough checking, would only be accepted if they are integrity- and compliance-oriented.
Pune, Thane, and Mumbai Suburban are thus the leading cities.
Pune overtook all and became the number one project registrations allotter with 1,172 projects, after which Thane and Mumbai Suburban trailed behind with 597 and 528 projects, respectively. The concepts, as of now, have passed the filter of the thorough review, officials clarified.
Reinforced Verification Steps Which Will Help to Prevent Typos and Other Incorrect Inputs
In the case of Kalyan-Dombivli, where builders have submitted false documents, MahaRERA has made tough regulations that apply. Now onwards, the district authorities are to not only verify if the developers have executed their commencement certificates, but they are also to do the verification either by direct emailing or by entering their website details into MahaRERA. Such a step is designed to strengthen the verification building and protect the property sector by disqualifying fraudulent transactions.
Grand Inspection for Permitting from the First to the Last Stage
In a period starting from June 19 of the preceding year competition certificates were introduced as an application stage for planning authorities. Three officials indicated that according to the procedure implemented by local authorities, any proposal has to be submitted for a validation process, which requires time for detailed verification to be made.
Three-Tier Evaluation Meant to Consure Project Integrity
MahaRERA aims to ensure that all activities are done accurately and timely through a rigorous evaluation that involves consideration of the legal, financial, and technical aspects of the projects. Amongst those 1,139 projects, presently, 919 are going through the concession evaluation process. Preliminary reviews showed that for these projects to get the registration number, they would have to fix all the incompatibilities and submit a thorough report.
In this case, the local area cannot be ignored, as it provides a deep understanding and basis for the justification of the planned project approval exercise.
As far as a regional split goes, the Mumbai Metropolitan Region (MMR) which includes Mumbai, Mumbai Suburban, and Thane, comes in first with 1,976 new projects. Besides, what is referred to as the Konkan Region also has 1,285 new projects. Pune, represented by Pune, Kolhapur, Solapur, Sangli, and Satara had the highest number of approvals with 1,415 projects. The Vidarbha region, with an impressive share of 437 projects, flew after that.
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