MAHARERA will adopt stringent process to ensure that 88% of 16,300 projects registered are completed by 2022.
MahaRERA secretary Vasant Prabhu shared this information with TOI on Monday, a day before the authority completes one-year of implementation. “After registering with MahaRERA, officials can monitor the completion of the projects online. The project is deemed completed after a developer submits Form 4 (completion form). So far, we have received 1,800 forms and the remaining should come through by 2022. In case of extension, MahaRERA allows an extension for only one year,” he said.
MAHARERA is planning to focus on the issue of unauthorized construction in the second year.