With the amendment of rules, all re-development projects registered under MahaRERA will have to be completed in a time-bound manner, stated MahaRERA officials.

The state government, in a bid to boost redevelopment of cooperative housing societies in the state, may have brought down the consent required for redevelopment of housing societies from 70% to 51% but it is yet to take a decision on the amendment proposed by MahaRERA to bring rehabilitation and sale components of redevelopment projects under the ambit of the authority.

Earlier, only one phase of such projects was under the purview of the authority. The rules, if amended, will consider any redevelopment project as a ‘whole’ as currently under MahaRERA components related to rehabilitation and sale are accounted separately.

“The developers now register only the sale component and those seeking re-development suffer with the project getting delayed,” a MahaRERA official said. The official added that if the proposal was approved, it would bring over 10,000 projects, under the Slum Rehabilitation Authority (SRA) and Maharashtra Housing and Area Development Authority (MHADA), under the ambit of the real estate act and ensure their registration within a specific deadline.

“We are awaiting approval from the chief minister to our amendment proposal,’’ added an official. Nearly 40 per cent of one lakh registered cooperative housing societies in the state are mulling re-development. Following the amendment, all these societies will have to be registered as a “whole” project, said officials.

“The amendment will make it easier for housing societies going in for re-development. As all the members of these societies will be treated as allottees, they will be brought on a par with homebuyers,’’ said real estate observers.

The Mumbai Grahak Panchayat (MGP), a consumer forum, had written to the chief minister regarding redevelopment of old structures as well as self-redevelopment to be undertaken by members. The MGP activists stated that amendment of Rule 2 (1) will bring all redevelopment projects, with rehabilitation component, under RERA and this will help the projects facing indefinite delay. “Projects in Pune, Mumbai and Thane are facing inordinate delay,’’ stated the members of the consumer forum.

In a recent case, while hearing a complaint filed by an existing member of a Mumbai-based co-operative housing society against a developer for non-payment of rent and also delaying the project, MahaRERA held that every member of the co-operative housing society was an allottee.

MahaRERA authority had stated that in accordance with section 2(d) of the Real Estate (Regulation and Development) Act 2016, every member of the owner cooperative housing society is an allottee in relation to the said registered real estate project. The purchasers in the said registered real estate to whom apartments have been allotted are also allottees as per the definition in section 2(d) of the act."

Officials stated that by holding the existing member as an allottee, MahaRERA had allowed existing members of co-operative housing society to seek remedies against the developer in case of delay or default in the redevelopment project.

News Source : realty.economictimes.indiatimes.com

For more RERA latest news, Stay Connected with RERA Easy Website!

- Contact Us

Get all your doubts solved by our RERA expert. Visit / Call us or fill the form to get free RERA Consultancy.

Our Location

909 - The Landmark, Plot 26A, Sector 7, Kharghar, Navi Mumbai - 410210

- Enquire Now