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In a bid to tackle fraudulent practices in the real estate sector, the Maharashtra Real Estate Regulatory Authority (MahaRERA) has announced that it will no longer register any new real estate projects without verifying the commencement certificate issued by local planning authorities. This decision comes as a response to the Kalyan-Dombivli fraud case, where multiple developers submitted counterfeit documents to obtain MahaRERA registration certificates.
Local authorities, including corporations, councils, nagar panchayats, and metropolitan planning authorities, were given until June 19 to integrate their websites with MahaRERA or send independent emails regarding project registrations. The purpose of this requirement is to ensure that the commencement certificates received from local authorities align with the documents provided by developers. Only after a thorough comparison will MahaRERA grant project registrations.
A senior official from MahaRERA emphasized the significance of this measure, stating, "Unless we get the project verified from the local authority, we will not be granting any new registration. Either they have to integrate or send us the details of the project on the designated mail."
The commencement certificate, a permit issued by competent authorities, allows developers to commence construction as per the sanctioned plan. Without this certificate being verified by the local planning authorities, MahaRERA will not proceed with new registrations.
At present, MahaRERA has 41,000 projects registered under its purview. However, sources from MahaRERA confirmed that they have not yet received any proposals regarding projects from local authorities. They hope that the authorities will fulfill this requirement by the following week. Until then, no new registrations will be granted.
Officials from Pune Municipal Corporation (PMC) assured that they would integrate their online system for issuing commencement certificates with the MahaRERA portal in the near future. If integration is not possible immediately, they will share the certificates through a dedicated email.
The Brihanmumbai Municipal Corporation (BMC) has already integrated the autoDCR portal of the corporation with the MahaRERA website. Although there are some technical glitches, the municipal commissioner, Iqbal Chahal, confirmed that they are working on resolving them to ensure smooth functioning.
The Pune Metropolitan Region Development Authority (PMRDA) also expressed their commitment to comply with MahaRERA's orders and promptly share the required data.
Real estate developers' associations, such as the Confederation of Real Estate Developers' Associations of India (CREDAI), have shown support for the initiative. However, they raised concerns about potential registration delays if there is not seamless integration between local authorities' websites and MahaRERA. CREDAI's Pune chapter president, Ranjit Naiknavare, expressed their intention to assist MahaRERA by submitting details of their members and planned to reach out to the authority soon.
With stricter measures in place, MahaRERA aims to safeguard the interests of homebuyers and maintain transparency in the real estate sector. By ensuring the authenticity of commencement certificates through collaboration with local planning authorities, MahaRERA aims to prevent fraudulent practices and foster a more secure real estate market in Maharashtra.
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