MahaRERA gets additional charge of two union territories
The Maharashtra Real Estate Regulatory Authority (MahaRERA) has been rendered with additional charge of two Union Territories of Daman & Diu and Dadra & Nagar Haveli. The central government has already sent a directive to this effect to the state government.
According to government officials, both the Union Territories of Dadara Haveli Nagar and Daman & Diu will come under MahaRERA’s jurisdiction and the regulator can easily take up this additional charge based on the performance so far.
According to an estimate of MahaRERA, there are around 800 ongoing real estate projects in these two Union Territories. The authority has already started working on system on how projects from these two regions can be registered.
The authority is also working on finalising the place of hearing for matters related to ongoing projects from there. The authority will soon come out with a circular on the same.
Maharashtra was one of the first states to notify its rules under the Act and establish MahaRERA. MahaRERA has received around 12,000 applications for registration of ongoing projects.