Developer registers plaint against CIDCO with MahaRERA

In a first, a developer body has registered a complaint against a government body at the Maharashtra Real Estate Regulatory Authority (MahaRERA). The real estate body that has complained is CREDAI-MCHI's Raigad unit, an apex real estate body from Navi Mumbai and Mumbai Metropolitan Region. The government body against whom the complaint has been registered is CIDCO. CREDAI-MCHI has complained that CIDCO (City and Industrial Development Corporation of Maharashtra) has been marketing plots without registration with MahaRERA.

According to Ateeque Khot, the newly-appointed president of CREDAI-MCHI Raigad, the complaint pertains to plots which were tendered last month. In August, CIDCO auctioned nine plots, of which seven were located in Kharghar and two in Kalamboli. In this auction, the most expensive plot was sold for Rs 1.97 lakh per sqm, while the cheapest was sold for Rs 82,000 per sqm.

Khot said, "CIDCO should register with MahaRERA to even release tenders for plots. We had recently raised the matter with the MahaRERA chairman and were asked to file a complaint with them." 

Rajesh Prajapati of CREDAI-MCHI confirmed that the complaint was registered on Wednesday. The complaint also said that CIDCO, while selling homes via lottery, didn't have a registration number for a majority of the properties. The developer body has argued that when the registration number is mandatory for them, why is it not mandatory for CIDCO too.

When contacted, CIDCO chairman Prashant Thakur said, "I will check on why the registration with MahaRERA wasn't done. I am meeting the developer body next week and will discuss the issue and take necessary action."