Updates on Real Estate (Regulations & Development) Act, 2016
Ashwin Shah
Order 57/2024 dated 30-07-2024 issued by MahaRera requiring disclosure of Amenities of the Project.
This order shall apply to all the Agreement for Sales executed on or after 30-07-2024.
MahaRera had issued directions to the promoter to disclose the amenities in compliance to section 4(2)(g) to be provided with its timeline of available for use. These amenities can be provided building wise, phase wise and for entire layout. The amenities shall be bifurcated based on whether it is free of FSI or with consumption of FSI. Further, the description of common areas is also to be provided to home buyers.
These amenities includes various items viz swimming pool, club house, badminton court, tennis court, etc if to be provided. The li.......