MahaRERA 2.0 – Reforms Without Compromising Buyer Protection – Anil Pharande, MD, Pharande Spaces
MahaRERA and the state government should restore RERA’s declaration-based registration model, with detailed scrutiny handled later through audits, inspections, complaints and penalties for false disclosures.Pune (Maharashtra) [India], August 5: MahaRERA was constituted with a view to making Maharashtra’s real estate market transparent, accountable and reliable. It must remain strongly committed to that goal and to protecting the interests of homebuyers. But nearly a decade later, it is becoming increasingly evident that MahaRERA needs a serious operational reset – one that protects homebuyers without turning legitimate project development into an open-ended compliance exercise.While substantial progress has been made towards the objectives of the Act, serious mo...