MahaRERA has introduced a two-year tenure limit for Self-Regulatory Organisation (SRO) appointees to enhance transparency and ensure subject matter expertise in real estate project registrations.

The state cabinet accepted the transfer of 140 acres of Malwani and Aksa property from the suburban collector for the ambitious Dharavi Redevelopment Project. Land will be utilised for rental homes for slum inhabitants ineligible for free housing under the project.

Maharastra has highlighted concerns over 212 housing projects constructed between January and April 2023. Without necessary construction updates, these projects violate rules and have forced MahaRERA to take significant action.

In a groundbreaking move, the Maharashtra Real Estate Regulatory Authority (MahaRERA) has unveiled draft guidelines aimed at revolutionizing housing projects for the elderly, making it a trailblazer in India for advocating the specialized housing needs of retirees.