SBI Term Loan: RLLR: 8.15 | 7.25% - 8.45%
Canara Bank: RLLR: 8 | 7.15% - 10%
ICICI Bank: RLLR: -- | 8.5% - 9.65%
Punjab & Sind Bank: RLLR: 7.3 | 7.3% - 10.7%
Bank of Baroda: RLLR: 7.9 | 7.2% - 8.95%
Federal Bank: RLLR: -- | 8.75% - 10%
IndusInd Bank: RLLR: -- | 7.5% - 9.75%
Bank of Maharashtra: RLLR: 8.05 | 7.1% - 9.15%
Yes Bank: RLLR: -- | 7.4% - 10.54%
Karur Vysya Bank: RLLR: 8.8 | 8.5% - 10.65%

MahaRERA proposes portal dedicated to construction approvals

#Law & Policy
Last Updated : 13th Dec, 2022
share-icon Share
font-size icon Font size
ABC Small ABCMedium ABCLarge
Save
print Print
comment Comment
Synopsis

The MahaRERA authorities are preparing to approach the Maharashtra state’s Urban Development Department (UDD) to propose a dedicated portal catering to construction approvals such as the commencement certificate and occupation certificates. A commencement certificate is one of the many mandatory documents requested by MahaRERA when issuing registration numbers. The authorities believe that the creation of such a a portal will allow both authorities and potential home buyers to view and verify construction approvals of a project. Currently there is no dedicated portal displaying this information.

Story Image

Representative image

Earlier this week the MahaRERA authorities announced their intention to approach the Urban Development Department (UDD) with a recommendation to create a dedicated portal for construction approvals. They believe doing so will aid the department in reducing the number of frauds as well as help potential home buyers become aware of the status of the buildings they wish to invest into.




At present there is no website, other than the MahaRERA website, that displays the construction approvals. A commencement certificate is a mandatory document required to apply for the RERA registration number. The approvals uploaded on the MahaRERA website, under the project RERA number, are directly uploaded by representatives of the builder. Citizens can only view sanctioned plans of projects on the official website of the respective municipal corporation or council under the citizens search menu.



While most associates and development bodies are backing the idea by calling it a game changer, few remain sceptical. When speaking to TOI, a representative of the Maharashtra State Housing Federations shared his views, stating the need to perhaps create a single window system rather than multiple dedicated portals, to bring all official documents under one roof for easy accessibility.
Next (Ferguson sets up Global Capability Centre in Bengaluru with support from ANSR)

Discussion

Have something to say? Post your comment

Post Comment

Quick Links

Asset Class

Location

Other News
post_image
Mumbai emerges as top data centre hub in Asia-Pacific region

5th Jun, 2025

post_image
Reliance Industries acquires the Mandarin Oriental Hotel in New York

25th May, 2023

post_image
U.S. housing market sees significant decline in home listings amidst reluctant sellers and high mortgage rates

11th May, 2023

post_image
US single-family housing construction on the rise: positive signs for a struggling market

27th Apr, 2023