On June 12, when prominent builder Niranjan Hiranandani asked for the RERA registration date to be pushed at an event, Fadnavis replied in the negative. On Tuesday, many builders hit the panic button after a builder body, MCHI’s Navi Mumbai unit, sent out an email informing them about Chief Minister Devendra Fadnavis’s decision to not extend registration under MahaRERA. On June 12, when prominent builder Niranjan Hiranandani asked for the RERA registration date to be pushed at an event, Fadnavis replied in the negative. The snowball effect was seen on Tuesday. An email was shot by MCHI (copy available with DNA), intimating the builders about the CM’s decision to stick to the deadline, and asking them to register as soon as possible. Under the newly implemented MahaRERA all ongoing projects have to be registered with the authority before July 31. However, till date only 47 applications have reached the office and the number of projects registered is way below this number. Builders have demanded for a minimum one month extension. When contacted Hiranandani confirmed the same and said, “We are aware that no extension of time has been given and this was reconfirmed by the CM.” Fadnavis too confirmed the same to DNA. “The CM has told the builders that an extension is not possible, and instead, builders should register at the earliest,” said Manohar Shroff, Vice President, MCHI-Navi Mumbai. The email sent specifically to builders instructs them to register soon, as it takes at least 30 days for the authority to process and provide a registration number. Analysis MahaRERA has already fined a real estate firm, thus setting an example. With the CM’s firm stand, the builder fraternity has decided to get its act together and register at the earliest.

Stay updated with all the Mumbai Latest News headlines here. For more exclusive & live news updates from all around India, stay connected with NYOOOZ.