Projects less than 500 sq metre area to be included under RERA?
Mumbai Grahak Panchayat (MGP) has made it mandatory for the projects built within 500 metre having more than 8 apartments to be included under RERA. Earlier when projects under 500 sq metre. weren’t included under RERA, many builders who have a plot area of less than 500 sq metre. took advantage of the rule by constructing more than 20 apartments which was against the Act.
The Centre will consult all stakeholders on the implementation of RERA in all states for the same.
While Section 3 (2) of Rera excludes registration of small projects, many developers have resulted in them taking advantage of non-registration. Developers have plot area below 500 sq metre but have constructed over 20 flats, which goes against the purpose of the Act. If such projects are stuck, the consumers are the ones who suffer.
After the Maharashtra Real Estate Appellate Tribunal’s judgment on a Pune-based consumer’s complaint where a project with 22 flats and nine shops was permitted, the consumer rights organization said the cases like this have to be inspected and brought under notice.The case went from MahaRERA authorities to the Maharashtra Real Estate Appellate Tribunal and may go to the high court as per MGP officials if the consumer decides to fight more.
Before the case went to Appellate Tribunal, MahaRERA gave a notice to the builder stating that the 2 conditions- plot area under 500 sq. metre and number of apartments less than 8 should be met simultaneously and imposed a fine of 30 lakhs on the builder if he fails to register the property within 2 days.
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