The MahaRERA has taken a step by proposing an amendment to the rules currently in application to bring the rehabilitation and sale components of redevelopment projects under the ambit of this Act.
Few years ago, only one phase of such projects was under control of RERA.A letter with regard to same has been sent to chief minister Devendra Fadnavis for his approval to amend the Act.
MahaRERA officials stated, “An amendment is necessary to consider any redevelopment project as a ‘whole project’. With the amendment, they have made two separate components for rehabilitation with regard to owner as well as sales and hence now developers will register only the sale component.”
If the proposal will be accepted and if amendment is brought it would bring over 10,000 such Slum Rehabilitaion Authority (SRA) and Maharashtra Housing & Area Development Authority (MHADA) projects under the shelter of real estate Act and ascertain their registration within a specific time period.
Consumer activist and Mumbai Grahak Panchayat chairman Shirish Deshpande stated, “It is expected that the state government will amend the Rule 2(1). This will bring in all redevelopment projects, with the rehabilitation components, under RERA.” Housing experts have been saying that bringing the redevelopment projects under MahaRERA would benefit over five lakh families.
Consumers who have faced the fate are of view that a huge number of redevelopment projects in Mumbai, Pune and Thane have seen the developers focusing on the sale component first without thinking about the rehabilitation of the home owners. One consumer specifically stated, “The owners have to wait for long period to get value of remuneration.”
Officials said if all redevelopment projects were brought under MahaRERA, many housing societies would be relieved because they would not have to approach courts.
Courtesy/By: Renu Kathale
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03 Jun 2019
