{"id":66314,"date":"2023-03-01T17:03:30","date_gmt":"2023-03-01T11:33:30","guid":{"rendered":"https:\/\/navimumbaihouses.com\/blog\/?p=66314"},"modified":"2023-03-01T17:03:30","modified_gmt":"2023-03-01T11:33:30","slug":"maharashtra-is-likely-to-take-action-to-promote-redevelopment","status":"publish","type":"post","link":"https:\/\/navimumbaihouses.com\/blog\/uncategorized\/maharashtra-is-likely-to-take-action-to-promote-redevelopment\/","title":{"rendered":"Maharashtra is likely to take action to promote redevelopment"},"content":{"rendered":"<p>The Maharashtra government stated that it will consider including redevelopment projects into the Maharashtra Real Estate Regulatory Authority (MahaRERA). <yoastmark class=\"yoast-text-mark\">In order to make the required changes in this regard, the State said that the RERA Act, 2016,&#8217;s scope would need to be investigated.<\/yoastmark><\/p>\n<p><yoastmark class=\"yoast-text-mark\">The issue of bringing residential redevelopment projects under the purview of the Maharashtra Real Estate Regulatory Authority (MahaRERA) has not yet been resolve, despite the State government&#8217;s ruling that consent of 51% of the residents would be require to move forward with the redevelopment of housing societies.<\/yoastmark> <yoastmark class=\"yoast-text-mark\">It is crucial to remember that in the past, redevelopment was only achievable with the support of 70% of the population.<\/yoastmark><\/p>\n<p>&nbsp;<\/p>\n<hr \/>\n<p><strong>Are You Looking <a href=\"https:\/\/navimumbaihouses.com\/property\/search\/buy\/lower-parel%20\/\">for Flat in Lower Parel?<\/a><\/strong><\/p>\n<hr \/>\n<p>&nbsp;<\/p>\n<h2><strong>Why is redevelopment necessary to include in MahaRERA?<\/strong><\/h2>\n<p><yoastmark class=\"yoast-text-mark\">Consumer advocacy groups claim that a 2016 modification to the Real Estate. (Regulation and Development) Act will allow redevelopment projects to be register under the Act.<\/yoastmark> As developers presently register only the new developments, such projects often incur delays. <yoastmark class=\"yoast-text-mark\">Redevelopment project developers will be held accountable and the work will be finish within a certain amount of time if included in MahaRERA.<\/yoastmark><\/p>\n<p><yoastmark class=\"yoast-text-mark\">Additionally, because residents of housing societies would be consider as allottees with rights equivalent to those of homebuyers. The modification will encourage more housing societies in the State to engage in redevelopment.<\/yoastmark><\/p>\n<h2><strong>What is the State&#8217;s current redevelopment situation?<\/strong><\/h2>\n<p>Currently, there are over 1 lakh cooperative housing societies registered in the State, of which roughly 40% require redevelopment. Moreover, the Maharashtra Housing and Area Development Authority and the Slum Rehabilitation Authority (SRA) oversee about 15,000 housing projects (MHADA).<\/p>\n<p>&nbsp;<\/p>\n<p><yoastmark class=\"yoast-text-mark\">The addition of redevelopment projects may further enhance the real estate environment. As MahaRERA has been actively making progress towards increasing transparency in the State&#8217;s real estate market.<\/yoastmark><\/p>\n<p style=\"text-align: center;\">\n<p class=\"style-scope ytd-watch-metadata\" style=\"text-align: center;\"><strong>2 bhk for sale in Mulund &amp; Thane<\/strong><\/p>\n<p><iframe loading=\"lazy\" title=\"2 bhk for sale in Mulund &amp; Thane | 8433959100 |\" width=\"1024\" height=\"576\" src=\"https:\/\/www.youtube.com\/embed\/q1fef1yVsLY?feature=oembed\" frameborder=\"0\" allow=\"accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share\" allowfullscreen><\/iframe><\/p>\n<p style=\"text-align: center;\"><strong><a href=\"https:\/\/www.youtube.com\/@NavimumbaiHouses\/videos\">Source From<\/a><\/strong><\/p>\n<hr \/>\n<p><strong>You\u2019re looking for Buy 2Bhk flat In Aasangoan we have the Best Buy Properties In Mumbai Like Ready to Move &amp; Nearby possession: <a href=\"https:\/\/navimumbaihouses.com\/property\/search\/buy\/aasangoan\/\">https:\/\/navimumbaihouses.com\/property\/search\/buy\/aasangoan\/<\/a><\/strong><\/p>\n<p><strong>If you want daily property update details please follow us on <\/strong><a href=\"https:\/\/www.facebook.com\/navimumbai.houses\/\"><strong>Facebook Page<\/strong><\/a><strong>\u00a0\/\u00a0<\/strong><a href=\"https:\/\/www.youtube.com\/channel\/UCJj_M-KlNliMtr_GybNL-Mg?view_as=subscriber\"><strong>YouTube\u00a0Channel<\/strong><\/a><strong>\u00a0\/\u00a0<\/strong><a href=\"https:\/\/twitter.com\/NaviMum_Houses\"><strong>Twitter<\/strong><\/a><\/p>\n<p>&nbsp;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The Maharashtra government stated that it will consider including redevelopment projects into the Maharashtra Real Estate Regulatory Authority (MahaRERA). In order to make the required changes in this regard, the State said that the RERA Act, 2016,&#8217;s scope would need to be investigated. The issue of bringing residential redevelopment projects under the purview of the [&hellip;]<\/p>\n","protected":false},"author":14,"featured_media":66316,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":[],"categories":[1],"tags":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v18.2 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Maharashtra is likely to take action to promote redevelopment<\/title>\n<meta name=\"description\" content=\"The Maharashtra government stated that it will consider including redevelopment projects into the Maharashtra Real Estate Regulatory Authority\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/navimumbaihouses.com\/blog\/uncategorized\/maharashtra-is-likely-to-take-action-to-promote-redevelopment\/\" \/>\n<meta property=\"og:locale\" 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