There were allegations in the past that MahaRERA was going soft on builders in terms of levying fines for late registration.
Addressing allegations that Maharashtra Real Estate Regulatory Authority (MahaRERA) is going soft on builders, the state's Housing Minister, Prakash Mehta, said that the state government can always amend the Real Estate (Regulation and Development) Act to make it more buyer-friendly in case the government gets representations for the same from common citizens and the real estate industry.
"RERA has proved to be very helpful for homebuyers who were facing problems owing to delayed possession, but if there are allegations that it is not being tough on builders, the state government can always amend the RERA. If we get representations or request for a change in certain provisions we will amend RERA," Mehta told DNA.
There were allegations in the past that MahaRERA was going soft on builders in terms of levying fines for late registration. A bunch of housing activists had also written to the state government in September citing that MahaRERA is levying fewer fines for late registration with the authority. After the initial deadline of July 31, around 10,000 developers had registered their projects and after which RERA gave extensions on two occasions that allowed developers to register their project by paying a fine.
Further, till September 30, around 13,500 developers had registered their projects with MahaRERA. However, the authority had clarified that no more extensions would be given to developers for registering their projects after missing several deadlines.
RERA is said to be a pro-homebuyer Act under which all real estate projects are to be registered. The Act is said to make the process of buying and selling of houses "transparent" with buyers able to register complaints against developers online.
Under RERA, all new and ongoing projects that are yet to get occupation certificate (OC) have to register with the housing regulator. RERA aims to protect the interests of homebuyers by penalising developers for delays in the projects, and also states that the builder must provide quarterly reports of the progress of the project.
RAISING AN ALARM
Few housing activists had written to the state government in September citing that MahaRERA is levying fewer fines for late registration
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