Self-Regulatory Organizations (SROs) in Maharashtra play an essential role in supporting MahaRERA in implementing the RERA guidelines effectively. They ensure that developers maintain transparency, comply with the rules, and protect the interests of homebuyers. This blog explores the function of SROs in MahaRERA and their impact on the real estate sector.
Key Takeaways:
•What is an SRO? SROs, or Self-Regulatory Organizations, are non-governmental bodies authorized by MahaRERA to oversee and enforce RERA guidelines within the state.
•Role of SROs: They facilitate smooth implementation of RERA provisions by monitoring project progress, ensuring developers comply with legal requirements, and resolving issues related to project delivery.
•Key Functions of SROs: Ensuring the timely registration of projects, providing compliance support to developers, verifying the accuracy of documents, and maintaining transparency.
•Impact on Developers: SROs help developers comply with RERA guidelines and make the registration process more streamlined and accessible.
•Benefits for Homebuyers and Investors: With SROs actively involved, homebuyers are assured of transparency and quality, while investors are more confident in their projects due to regulated oversight.
Conclusion:
SROs are an essential part of MahaRERA’s infrastructure, ensuring that the real estate sector in Maharashtra remains transparent and compliant.
Author
CA Akash Jaiswal
Chief Advisor, Apex RERA Professionals
Contact
Apex RERA Professionals is owned by Realtyedge Professionals LLP.
