Key Points
The Maharashtra Real Estate Regulatory Authority (MahaRERA) has mandated a single registration number for every standalone project to safeguard homebuyers' interest...
The regulatory authority has introduced this measure in response to certain cases where developers secured two or more MahaRERA registration numbers for the same or portions of a real estate project...
The directive issued on Wednesday, effective immediately, aims to prevent fraudulent practices and prevent cheating of homebuyers...
This document, in the prescribed format, attests that neither the proposed project site nor any of its parts holds a MahaRERA registration number, nor is there any pending application...
The regulator has noticed that some promoters are applying for additional MahaRERA registration numbers for various reasons, without disclosing the same to the authority, despite the plot or project already having a registration number...
