In a significant move to protect homebuyers, MahaRERA (Maharashtra Real Estate Regulatory Authority) has introduced a revised format for project certificates. This update brings greater transparency and helps buyers make better-informed decisions when investing in real estate.
Under the new guidelines, project certificates will now include clearer and more detailed information about construction progress, financial updates, and legal approvals. The aim is to eliminate ambiguity and ensure that developers are held more accountable.
Earlier, homebuyers had limited access to project-level details, often leading to confusion or misleading timelines. The updated format will now specify key project details such as:
- Estimated completion timelines
- Stage-wise construction progress
- Financial disclosures
- Validity of permissions and approvals
These changes are especially crucial for first-time buyers and investors who rely on accurate and timely project updates to make decisions.
MahaRERA’s initiative is expected to strengthen trust in the real estate sector and support more transparent communication between developers and buyers. This is particularly important in fast-growing cities like Pune, where homebuyers are actively scouting for reliable projects.
At Goel Ganga Developments, we welcome this move as a step forward in building a more responsible and transparent housing market. Buyers can now feel more confident and secure in their property purchase decisions.
Read More: MahaRERA revises project certificate format to provide detailed information to homebuyers
