500 builders register as RERA deadline nears

With the Real Estate Regulatory Authority (RERA) just a fortnight away, more than 500 developers across Maharashtra out of the estimated 9000 have registered on the website so far. The new act directs developers and real estate agents to register on the MahaRERA website.

A senior RERA official said that the reason behind the less number of registration is uncertain. He said, “Despite providing a new window for developers to make corrections of obvious errors in the submitted project, the number of registrations on the site has been low. Typographical errors and name correction can be edited through the window." The official added that the earlier blockage to such provisions deterred developers from uploading their project details.

Mayur Shah, newly elected president of MCHICredai, an association representing the interests of builders, said, that there are over 1000 projects that are yet to be uploaded on the website.

According to RERA authorities, developers are rechecking and reverifying their project details that are to be submitted on the website to avoid any kind of errors. However, now they will not have to worry about the corrections as the special window will allow them to edit their errors even after submitting their projects.

More than 3, 500 real estate agents have registered themselves on the website. Since the deadline for RERA registration is on July 31, the authorities have decided to include the correction window so that the developers do not avoid registering themselves under RERA.