Key Reforms to Boost Realty Sector in Maharashtra
<span style="font-weight: 400;">The Maharashtra government is set to usher in key reforms to boost the real estate sector, leading with online registration of properties from October 1, mobilising funds worth Rs 25,000 crore to undertake redevelopment of old dilapidated housing structures and restru
Published -
Aug 21, 2021 2:33 AM
The Maharashtra government is set to usher in key reforms to boost the real estate sector, leading with online registration of properties from October 1, mobilising funds worth Rs 25,000 crore to undertake redevelopment of old dilapidated housing structures and restructuring houses in flood-affected districts. These were announced by Revenue Minister Balasaheb Thorat, Housing Minister Jitendra Awhad and Urban Development Minister Eknath Shinde at an industry conclave. Thorat said, “The revenue ministry has emphasised on e-registration of properties. The digital registration process will enable sale and purchase of housing projects. All housing projects listed under MAHARERA can be registered online. The buyer and seller will no longer have to visit registration offices to complete the process. The online registration process will become operational across the state from October 1.” "Awhad said that acquiring land in Mumbai was the biggest challenge in taking up new housing projects. As a result, the housing department is focussing on redevelopment of old and dilapidated structures." “Earlier, every city and district had a separate norm for urban planning. Today, we are stressing on integrated urban development to streamline and bring greater uniformity. Planned urban development is our priority, as it promises better infrastructure and civic amenities to the people,” Urban Development Minister Eknath Shinde said.
Tags : News/Views Maharashtra realty sector Reforms Boost Key