One Stand Alone Project One Maharera Number Policy 

The Maharashtra Real Estate Regulatory Authority (MahaRERA) has recently introduced the “One Stand-alone Project: One MahaRERA Number” policy to prevent developers from obtaining multiple MahaRERA registration numbers for the same real estate project or part of it.

This policy applies to standalone and multi-phased housing projects on large plots. When applying for a new registration, promoters must submit an undertaking stating that the proposed project does not have any MahaRERA registration number. The policy is seen as a pragmatic step toward safeguarding the interests of all stakeholders, especially homebuyers. It will also help MahaRERA to monitor all the projects more effectively, while strictly implementing the regulatory provisions.

The new policy of “One Stand-alone Project: One MahaRERA Number” is a crucial policy aimed at safeguarding the interest of all stakeholders, including homebuyers. The policy seeks to streamline the registration process and eliminate the potential for developers to secure multiple registration numbers for the same project. This will help to prevent confusion and ensure that all stakeholders are aware of the status of the project.

The policy applies to standalone and multi-phased housing projects on large plots. When applying for a new registration, promoters must submit an undertaking stating that the proposed project does not have any MahaRERA registration number. This will help to prevent developers from obtaining multiple registration numbers for the same project or part of it.

The policy is seen as a pragmatic step toward safeguarding the interests of all stakeholders, especially homebuyers. It will help to ensure that all stakeholders are aware of the status of the project and prevent confusion. The policy will also help MahaRERA to monitor all the projects more effectively, while strictly implementing the regulatory provisions.

The new policy of “One Stand-alone Project: One MahaRERA Number” is a welcome step toward ensuring transparency and accountability in the real estate sector. It will help to prevent developers from obtaining multiple registration numbers for the same project or part of it, which can lead to confusion and delay in project completion. The policy will also help to safeguard the interests of homebuyers, who are often the most vulnerable stakeholders in the real estate sector.

In conclusion, the new policy of “One Stand-alone Project: One MahaRERA Number” is a crucial step toward ensuring transparency and accountability in the real estate sector. The policy will help to prevent confusion and delay in project completion, while safeguarding the interests of all stakeholders, especially homebuyers. It is a welcome move that will help to restore confidence in the real estate sector and promote sustainable growth.