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MahaRERA Services for Developers, Buyers and Agents

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MahaRERA Services for Developers, Buyers and Agents

MahaRERA Services for Developers, Buyers and Agents

MahaRERA Services for Developers, Buyers and Agents

The MahaRERA portal is a vital online platform that plays a crucial role in the real estate sector in the Indian state of Maharashtra. It is a comprehensive online platform that enables real estate developers, promoters, and agents to register their projects and obtain necessary approvals from the regulatory authorities. The portal provides a range of services for the convenience of promoters, such as project registration, complaint redressal, and dispute resolution, among others. However, despite the wide range of services offered on the portal, there may be certain key services that are not available to promoters.

The specific key service that may not be available for promoters on the MahaRERA portal could vary based on the current updates and changes made to the portal. It could be due to technical issues, system maintenance, or other reasons. The absence of a particular service may pose challenges to promoters and may hinder their ability to complete their projects within the stipulated timeframe. For instance, if the complaint redressal mechanism is not functioning properly, promoters may not be able to address grievances raised by homebuyers in a timely and effective manner. This may lead to delays in project completion and could impact the reputation of the promoter and the real estate sector as a whole.

Despite the possible limitations, the MahaRERA portal has significantly simplified the process of project registration and regulatory compliance for promoters. The portal has brought greater transparency and accountability to the real estate sector and has enhanced consumer protection by providing a robust complaint redressal mechanism. The portal has also reduced the burden of paperwork and has made the entire process more streamlined and efficient. The government of Maharashtra has taken several initiatives to promote the use of the MahaRERA portal and has encouraged promoters to register their projects on the portal to ensure compliance with the regulations.

In conclusion, while there may be certain key services that are not available for promoters on the MahaRERA portal, the portal has undoubtedly been a game-changer in the real estate sector in Maharashtra. The portal has brought greater transparency, efficiency, and accountability to the sector and has improved consumer protection. The government and regulatory authorities must continue to work towards resolving any issues with the portal and ensuring that it provides all necessary services to promoters to facilitate the smooth functioning of the real estate sector.
 
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About the author
Sandeep Sadh

About Sandeep Sadh

Sandeep Sadh has been in the real estate business since 1993 in Mumbai. He has expertise in Buying, Selling, Leasing properties in Mumbai and a deep understanding of legal and tax related matters due to his experience.

Summary

Over the years, he has experienced the City's growth. He has been a columnist in the Times of India with numerous articles, which bring about a clear picture of the real estate market in Mumbai. He is a regular on NDTV, CNBC, ET Now Real Estate and Zee News, giving his experienced quotes as and when required.

Sandeep Sadh has used information and technology since the year 1998 and now what people call it Prop Tech to cater to the needs of Home Buyer, Seller, Investor and Corporates, HNI and NRI looking to Buy/Sell or Lease their properties in the Mumbai Property Market.

Sandeep has a holistic experience of real estate be it Leasing an Apartment for your CEO in the most upmarket buildings, to enter into a long lease for your office in Mumbai in prime buildings or an Investment in good projects with a detailed analysis keeping in mind the Demand and Supply and other micro factors of the project/property.

Sandeep Sadh has developed a few websites like www.mumbaipropertyexchange.com, www.realestatemumbai.com, www.propi.in which augment the real estate consulting business.

Right from Investments in Primary Markets to Selling, leasing and specializing for NRI’s all over the world. He is an expert in NRI Home Buying and Selling and has a good understanding of the Income Tax laws pertaining to Selling a Property and Repatriating funds overseas or reinvesting based on Capital Gains etc.

Experience

  • Residential Leasing
  • Commercial Leasing
  • Residential Home Buying
  • Commercial Property Buying
  • Investment Properties with complete Property Management as your Real Estate Family office

While transacting in the above segments, he has complete experience and deep understanding of the paper work, his areas of expertise are :

  1. Drafting of the Leave and License Agreements
  2. MOU for Buying/Selling Properties
  3. Drafting Agreement for Sale
  4. Gift Deeds
  5. Computing of Capital Gains with current ready reckoner values
  6. Drafting of Supporting Power of Attorney.

As an add on Service, Sandeep Sadh has tied up with various Professionals like Lawyers and Chartered Accountants who add value in transacting and specially services for Non Resident Indians.

Application to Income Tax for Lower Tax Deduction Certificate – Through a qualified CA and keeping a grip on the traction so that the remittance back to Non Resident Indians after Selling the property is seamlessly transferred.

You can connect with Sandeep Sadh on ssadh@mumbaipropertyexchange.com

LinkedIn - https://www.linkedin.com/in/sandeepsadhmpe/

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