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‘A big no to self-grading proposal for real estate projects’
Updated On: 22 June, 2023 07:46 AM IST | Mumbai | Vinod Kumar Menon
Experts pan recent move, urge third-party involvement to ensure transparency and address existing issues
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An underconstruction project in the city. File pic/Atul Kamble
The Forum for Peoples Collective Effort has expressed serious reservations regarding the proposed self-grading system by MahaRERA (Maharashtra Real Estate Regulatory Authority). MahaRERA recently invited public opinion on the Consultation Paper on Framework for Grading of Real Estate Projects in Maharashtra, which was announced on June 16. The forum, however, believes that MahaRERA should focus on addressing existing issues faced by homebuyers under RERA before taking on the responsibility of grading projects. The forum suggests involving experienced third-party agencies in the grading process to avoid potential conflicts of interest within the regulatory body.
Abhay Upadhyay, President of the Forum For People’s Collective Efforts and a Member of the Central Advisory Council for RERA raised concerns about MahaRERA’s interpretation of the act. He stated, “I think MahaRERA is going into an area, which normally they should have gone, only after ensuring that all other malpractices followed by the developers, which were prevailing before RERA came into existence, is fixed, and the existing pendency of cases resolved, giving justice to the hundreds and thousands of litigants, who are still awaiting justice.”
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