City
Epaper

Maharashtra Real Estate Authority Mandates Detailed Parking Disclosure in Housing Agreements

By Lokmat English Desk | Updated: April 26, 2024 09:20 IST

Mumbai: The Maharashtra Real Estate Regulatory Authority has decided to take action against complaints made by residents against the ...

Open in App

Mumbai: The Maharashtra Real Estate Regulatory Authority has decided to take action against complaints made by residents against the parking arrangement in housing projects. The authority is going to make it mandatory for developers to add details of parking facilities in annexures to the agreement for sale and allotment letters.

Also Read | Rain Alert for Maharashtra: Second Phase of Lok Sabha Election 2024 Faces Weather Challenge

The MRERA had received several complaints from residents regarding troubles with parking spaces. These included a lack of space, and obstructions in parking spaces due to construction. 

The housing regulator has provided a draft clause that will ensure any possibility of disagreement between developers and buyers. The clause will include details about the parking lot, such as length, height, location, number of lots, etc. 

The MRERA issued a Model Agreement for Sale in December 2022, which made it mandatory to mention carpet area, defect liability period, force majeure, and transfer agreement in sale agreements. This will now include parking. Its inclusion will be non-negotiable, and the housing regulator will not accept any changes in parking without the consent of the buyer. 

This step is likely to save homebuyers from inconveniences regarding parking spaces. 

Tags: Maharashtra real estate regulatory authorityMaharashtra Real EstateHousingMaharashtraParking Space
Open in App

Related Stories

PunePune: Man Attacked, Vehicles Vandalized by Bike-Borne Gang in Wanawadi; One Arrested

MaharashtraTamhini Ghat Tragedy: Pune Woman Dies After Stone From Landslide Crashes Through Car Sunroof

PuneHadapsar Drug Bust: Anti-Narcotics Task Force Arrests 3, Seizes Rs 4.31 Lakh Worth of MD

ThaneThane Crime: 65-Year-Old Woman Assaulted and Murdered on Farmland, One Detained

MaharashtraLatur Rains: Cloudburst-Like Conditions in Renapur Tehsil After Heavy Rainfall, Crops Destroyed

Maharashtra Realted Stories

MaharashtraKolhapur: Gang from Ulhasnagar Robs Cloth Shops, One Held in Gandhinagar Theft Case

MaharashtraMaharashtra Accident: Four Family Members Killed in Car Crash in Yavatmal, Young Girl Seriously Injured

MaharashtraSanjay Raut Health Scare: PM Modi Wishes Shiv Sena UBT Leader Speedy Recovery

PunePune Run for Unity Marathon: Pune Metro Services To Begin From 3 AM on November 2

MumbaiMumbai EOW Registers Financial Fraud Case Against Boston Ivy Healthcare Pvt Ltd