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Workshop on RERA implication

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Sources revealed at www.propertykhazana.com said, Navi Mumbai Unit of Maharashtra Chamber of Housing Industry (MCHI) had organized the workshop at Vashi on ‘Realty Regulatory Authority.’ The former President of Maharashtra Chamber of Housing Industry Sunil Mantir had elucidated the bill firmly stating that, “No promoters must develop any steady property or make any construction without registering the realty venture and getting a certificate of registration from the Realty Regulatory Authority,” and according to that statement “If the venture is being constructed in many phases then it should have a new registration and should be given for each phase.”
But still it has let off the registration for the developments on a locality below 4,000 Sq.Mtrs and in addition the bill says that each and every developer will have to register with the regulator and should get a certificate from them. The vital feature of this bill is that the developer should furnish the complete information on the number and on size of the flats; layout plan, planned venture and the planned amenities should be given. And in addition to all the authorized and endorsements from the proficient authorities it should be presented to the regulator. If the above said information’s are not correct then the developers must prepare all the documents and then go ahead for the further projects.
Source: NIMMA BENGALURU

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