Maharashtra could be torchbearer in RERA implementation

Maharashtra accounts for 55 per cent of real estate projects registered across the country, while 67 per cent of the total real estate agents registered across the country are in the state. One doesn't need to go far to get these details, they are on the homepage of the Maharashtra Real Estate Regulatory Authority (MahaRERA). While MahaRERA is promoting itself, housing experts say there is no denial that Maharashtra has led the way for RERA implementation and other states can learn from here. Even Prime Minister NarendraModi recently praised MahaRERA, saying that maximum projects and real estate agents registered in the country are from Maharashtra. According to statistics provided by MahaRERA on its website, a total of 33,470 projects have been registered across India. Of that, only in Maharashtra the figure of registered project stands at 18,405. Apart from this, a total of 25,752 real estate agents have registered themselves across India. The figure for Maharashtra stands at 17,204. MahaRERA even has started a special initiative to get such projects under them, where anyone can complain about projects that ought to be registered but hasn't. Not only this, MahaRERA has passed order in 4,748 cases, while 1816, cases are in process of hearing. MahaRERA even has started a conciliation forum, where members of the GrahakPanchayat and from developers body like NAREDCO and CREDAI-MCHI try to resolve matters between a home buyer and builder. Dr Sanjay Chaturvedi, a housing expert who also represents cases in MahaRERA says, "Maharashtra has led the way and many other states can take a lesson." Another expert said MahaRERA can also have counsellors who can help a lay home buyer understand how they can go ahead with filing of complaints online.