Summary:
In order to bring in further transparency and to get them on board the registration fees with MahaRERA for plotted developments has been brought down to a minimum Rs 10,000 from Rs 50,000 and the maximum will be Rs 5 per Sq mt. 'Plotted development' means the projects where land is developed into plots for the purpose of selling all or some of the plots. According to Prabhu at present of the total registration which stands at 21,054, the registration of plots at present stands at 20 per cent, which is close to 4,000 registrations. Adv Sanjay Chaturvedi, who fights cases in MahaRERA said, "This move will help buyers from not being duped. This move will increase the number of registration too and transparency will increase benefiting home buyers.".