Lifestyle

Mumbai Grahak Panchayat launches portal to track non-RERA registered housing projects

[ecis2016.org] In a move to create awareness among buyers and to hold builders accountable, the Mumbai Grahak Panchayat has announced a web portal, where consumers can upload information regarding projects that are not registered with the MahaRERA

In a bid to track ongoing residential projects, which have still not registered with the MahaRERA, consumer body Mumbai Grahak Panchayat (MGP), on September 26, 2018, launched a portal that will enable buyers to upload information about such projects. The portal ‘survey.mumbaigrahakpanchayat.org’, which will be active till October 10, till 7 pm, will collect information and complaints from consumers about ongoing projects, which are not registered with MahaRERA.

You are reading: Mumbai Grahak Panchayat launches portal to track non-RERA registered housing projects

Read also : Private equity and venture capital investments in August 2018 at USD 1.6 billion: EY report

[ecis2016.org] CIDCO violates MahaRERA rules, advertises housing projects without registration

“The objective behind this, is to create awareness among buyers, as well as make the builders accountable for not registering the projects,” MGP president Shirish Deshpande said. He said the online survey will not only collect information about unregistered projects but the intention is also to gather information about those developers, who have collected more than 10 per cent flat cost and not executed agreements with the home buyers, as required under RERA.

Read also : Government considers Jaypee assets sale, to complete stuck housing projects

“Both the issues, including non-registration of projects and non-execution of agreements, attract penalties up to 10 per cent and five per cent of the project cost, respectively. We hope this survey also motivates home buyers to initiate action against defaulting builders on their own,” Deshpande added. He further said that once the survey is complete, the MGP would persuade the MahaRERA to take action against such builders.

Source: https://ecis2016.org/.
Copyright belongs to: ecis2016.org

Source: https://ecis2016.org
Category: Lifestyle

Debora Berti

Università degli Studi di Firenze, IT

Leave a Reply

Your email address will not be published. Required fields are marked *

Back to top button