September 15, 2023: Naredco Maharashtra’s Real Estate Forum 2023 was inaugurated today by Atul Save, minister of housing, Maharashtra in the presence of Ajoy Mehta, chairman, MahaRERA, Sanjay Mukherjee, metropolitan commissioner, MMRDA, Valsa Nair Singh, additional chief secretary, ministry of housing, Maharashtra and Pravin Darade, secretary, ministry of environment, Maharashtra.
Atul Save, minister of housing, Maharashtra said, “The government understands the importance and contribution of the real estate sector in the state’s development. The government aims to ensure good housing to every person in the state and in order to achieve this; it will sort out any issue of the real estate sector.”
The Maharashtra Real Estate Regulatory Authority (MahaRERA) is planning to soon introduce an Act to monitor quality of housing with a view to safeguard interests of homebuyers in order to get houses of good quality as promised by the developers, announced Ajoy Mehta, chairman, MahaRERA at the inauguration of Naredco Maharashtra’s Real Estate Forum 2023 in Mumbai.
Mehta said, “In Maharashtra, 1.6 crore citizens are waiting for homes and about 14 lakh homes are under-construction. While the foundation of regulation will remain the same, more emphasis will be laid on the issue of timely construction, delivery and quality of housing, as well, in order to make good housing available to all. MahaRERA will soon bring an Act to monitor quality of construction and housing. This enactment will resolve disputes arising from quality issues. More than an impediment, it will ensure seamless delivery of housing.”
As part of the event, Sandeep Runwal, president, Naredco Maharashtra said, “When the real estate sectors in countries like China, USA are struggling, India’s real estate sector is a global bright spot. In Maharashtra, infrastructure projects are driving growth of the state while the MahaRERA is evolving well to bring transparency and quality in functioning of development.” Runwal further announced the launch of an ambitious RealTech Fund (RTF) with an initial corpus of Rs 50 crore to propel technology innovations in the real estate sector and inculcate entrepreneurship.
Niranjan Hiranandani, vice chairman, Naredco National said, “Housing and infrastructure development in the state has grown significantly. With more urban infrastructure projects underway, housing for all is needed. We need a further slew of pro-housing initiatives like reducing stamp duty and registration charges to boost housing demand.”
Rajan Bandelkar, president, Naredco National said, “The earlier decade was for Information and technology, telecommunications, but now it is of the real estate sector; mainly due to the central and state government’s focus on housing for all and making commensurate policies.”
During the event, Naredco Maharashtra unveiled two new state chapters of Karad (in Satara District) and Akola. Naredco Maharashtra also announced another flagship event Homethon, 2023 to be scheduled on November 24, 25 and 26, 2023.
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