Menu Home About Us Our Company Our Team Services Services for Developers Services for Agents Services for Buyers Awards & Recognition Life at RE Blogs Contact Us Faq’s Understanding Parking Space Regulations in Real Estate Introduction Parking spaces are a critical aspect of real estate, impacting both developers and buyers. Understanding the regulations surrounding parking spaces ensures a smoother experience during property transactions and enhances the usability of the property. Let’s delve into the key points of parking space regulations in real estate. 1. MINIMUM PARKING REQUIREMENTS Every city and municipality typically has specific guidelines regarding the minimum number of parking spaces required for residential and commercial properties. These requirements can vary based on several factors, including: Property Type: Residential and commercial properties often have different parking needs. Property Size: Larger properties generally require more parking spaces. Location: Urban areas might have stricter parking requirements due to higher density. For instance, a commercial complex in Mumbai might have different parking space regulations compared to a residential building in Pune. Understanding these local requirements is crucial for rera compliance. 2. TYPES OF MAHARARA’S PARKING SPACE REGULATION There are several types of parking spaces that developers may provide, including: Open Parking: Outdoor spaces without any covering, typically found in open areas. Covered Parking: Spaces with a roof or some form of shelter, offering protection from the elements. Basement Parking: Located below ground level, common in high-rise buildings and providing efficient use of space. 3. PARKING SPACE ALLOCATION Developers allocate parking spaces based on the property’s square footage, the number of units, and local regulations. It’s important for buyers to check the allocation of parking spaces before purchasing a property to ensure they meet their needs. 4. VISITOR PARKING Regulations often require a certain percentage of parking spaces to be designated for visitors. Adequate visitor parking helps avoid congestion and ensures that guests have convenient access to the property. 5. PARKING SPACE DIMENSIONS The standard dimensions for parking spaces are typically 8.5 feet wide and 18 feet long. However, accessible (handicapped) parking spaces have additional width and are usually located closer to building entrances to accommodate those with mobility issues. 6. PARKING SPACE OWNERSHIP Parking space ownership can vary: Deeded Parking Spaces: Some properties offer deeded parking spaces, meaning they are owned by specific unit owners and are considered part of the property. Common/Shared Parking Areas: Other properties have common or shared parking areas available to all residents on a first-come, first-served basis. 7. PARKING FEES AND CHARGES Developers may charge extra for premium parking spaces, such as those that are covered or located near elevators. Additionally, maintenance fees often cover the upkeep of parking areas, ensuring they remain in good condition. CONCLUSION Compliance with MahaRERA’s parking space regulations is essential for a hassle-free experience for property owners and tenants. It not only ensures legal compliance but also enhances the usability and value of the property. Always consult local authorities and legal experts, such as ReraEasy, to stay informed about specific regulations in your area. RECENT POST NEWS & TRENDS RERA ROUNDUP Vol. 2926 by ReraEasy April 12, 2024 NEWS & TRENDS RERA ROUNDUP Vol. 2925 by ReraEasy April 12, 2024 NEWS & TRENDS RERA ROUNDUP Vol. 2924 by ReraEasy April 12, 2024 NEWS & TRENDS RERA ROUNDUP Vol. 2923 by ReraEasy April 12, 2024 CATEGORIES BLOGS & ARTICLES 13 NEWS & TRENDS 5 Uncategorized 1 Facebook Instagram Youtube Linkedin Mumbai Office 5th Floor, 509, Plot No. 26A, The Landmark, Hirandnandani Service Road, Sector 7 Near Kharghar Police Station, Kharghar, Navi Mumbai, Raigad, Navi Mumbai, Maharashtra 410210 India   +91-7977077375 +91-7678081406 Pune Office 4th floor, Nyati Emporius, 406, Pashan Hwy Side Rd, above Volvo Showroom, Mahalunge, Pune, Maharashtra 411045 +91-99879 57851 Service Areas Menu Rera Consultant In Pune Rera Consultant In Sangli Rera Consultant In Nagpur Rera Consultant In Satara Rera Consultant In Nashik Rera Consultant In Navi Mumbai Rera Consultant In Mumbai OPENING HOURS Mon – Sat 9:30 AM – 7:30 PM Sunday – CLOSED USEFUL LINKS Faq’s Terms & Conditions Copyright 2023 © All Right Reserved Design and Developed by Mizzlecodes

Menu Home About Us Our Company Our Team Services Services for Developers Services for Agents Services for Buyers Awards & Recognition Life at RE Blogs Contact Us Faq’s Navigating MahaRERA’s New Parking Space Regulations: A Closer Look Introduction The Maharashtra Real Estate Regulatory Authority (MahaRERA) has recently implemented crucial revisions to its regulations regarding parking spaces within real estate projects. This detailed blog post is dedicated to elucidating Order No. 54/2024, dated 29.04.2024, which endeavors to resolve disputes and improve transparency in the allocation of parking spaces, in alignment with MahaRERA’s parking regulations. Understanding the Background Parking spaces have been a recurring source of contention in real estate transactions, often resulting in disputes over size, allocation, and documentation. Recognizing the need for clear guidelines, MahaRERA has taken proactive steps to standardize Maharera’s parking regulations. Related:- Top 5 Rera Regulations Every Developer Should Know Key Directives of Order No. 54/2024 This order builds upon the foundation laid by Circular No. 36/2021 and introduces several crucial directives:   Transparency in Allocation: Developers are now mandated to provide detailed information regarding the number, type, and dimensions of parking spaces in both the allotment letter and the sale agreement.   Definition of Dimensions: The term ‘size’ now includes the length and breadth for open areas, along with the vertical clearance for covered spaces like basement, podium, stilts and mechanised parking.   Documentation Standards: An approved parking layout plan must be annexed to relevant documents, offering a visual representation for the allottee.   Implications for Developers and Allottees:   Developers must strictly adhere to these standards, ensuring that all parking spaces meet the specified dimensions and are accurately documented. Allottees, on the other hand, benefit from clear information, enabling them to make well-informed decisions about their property purchases.   Ensuring Compliance:   With reference to Order no. 38/2022 dated 16/12/2022  certain clauses were made non-negotiable in terms of incorporating the same in the sale agreement. Order No. 54/2024 emphasises on incorporating the clauses annexed with the order in the allotment letter and the sale agreement and supplement the directions mentioned under Order No. 36/2021 as well as the non-negotiable clauses annexed with Order No. 38/2022. Conclusion – MahaRERA’s latest directive underscores its commitment to transparency and fairness within the real estate sector. By establishing clear standards for parking space allocation through MahaRERA’s parking regulations, the authority fosters a more harmonious industry environment. This initiative minimizes disputes and promotes mutual understanding between developers and property buyers. RECENT POST NEWS & TRENDS RERA ROUNDUP Vol. 2926 by ReraEasy April 12, 2024 NEWS & TRENDS RERA ROUNDUP Vol. 2925 by ReraEasy April 12, 2024 NEWS & TRENDS RERA ROUNDUP Vol. 2924 by ReraEasy April 12, 2024 NEWS & TRENDS RERA ROUNDUP Vol. 2923 by ReraEasy April 12, 2024 CATEGORIES BLOGS & ARTICLES 13 NEWS & TRENDS 5 Uncategorized 1 Facebook Instagram Youtube Linkedin Mumbai Office 5th Floor, 509, Plot No. 26A, The Landmark, Hirandnandani Service Road, Sector 7 Near Kharghar Police Station, Kharghar, Navi Mumbai, Raigad, Navi Mumbai, Maharashtra 410210 India +91-7977077375 +91-7678081406 Pune Office 4th floor, Nyati Emporius, 406, Pashan Hwy Side Rd, above Volvo Showroom, Mahalunge, Pune, Maharashtra 411045 +91-99879 57851 Service Areas Menu Rera Consultant In Pune Rera Consultant In Sangli Rera Consultant In Nagpur Rera Consultant In Satara Rera Consultant In Nashik Rera Consultant In Navi Mumbai Rera Consultant In Mumbai OPENING HOURS Mon – Sat 9:30 AM – 7:30 PM Sunday – CLOSED USEFUL LINKS Faq’s Terms & Conditions Copyright 2023 © All Right Reserved Design and Developed by Mizzlecodes

Menu Home About Us Our Company Our Team Services Services for Developers Services for Agents Services for Buyers Awards & Recognition Life at RE Blogs Contact Us Faq’s Unlocking Transparency: MahaRERA’s Project Grading System Unveiled Introduction Welcome, Real Estate industry participants! Property deals have seen an important shift lately that has resulted in more accountability and transparency. MahaRERA’s grading system is the leading edge of this change, suggesting a ground-breaking project rating system intended to empower developers and buyers alike. Together, we will investigate how this novel approach affects and benefits all stakeholders in the real estate industry. Understanding MahaRERA The implementation of MahaRERA’s project grading system, which provides developers and buyers with essential insights and recommendations, represents a critical turning point in the real estate industry. This approach acts as a stimulant for developers, helping them to build project credibility, draw in potential customers, and maintain a competitive advantage in the marketplace. On the other hand, project grading offers the buyers an open and trustworthy standard by which the buyers can measure the ability, authenticity, and quality of a project. Related: MahaRERA  Services for Developers. Factors Considered in Project Grading Now, let’s unpack the key components considered in MahaRERA’s  project grading  1. Project Overview: This segment furnishes essential project details, including developer identity, project location, and type, offering stakeholders a comprehensive snapshot of the project’s scope and nature. 2. Technical Snapshot: MahaRERA monitors construction quality and progress, making sure that approved plans and standards are followed, which gives customers confidence in the project’s dependability and integrity. 3. Financial Snapshot: The financial stability and feasibility of the project are determined by carefully examining the developers’ financial stability. This gives buyers confidence about the project’s timely completion and good financial standing. 4. Legal Snapshot: MahaRERA’s analysis takes into account the project’s legal environment, confirming that there are no legal obstacles and guaranteeing that all regulations are followed. This helps to reduce legal risks for both purchasers and developers. Consequences of Project Grading 1. Enhanced Transparency: MahaRERA’s project grading system encourages openness by giving stakeholders access to critical project data, enabling buyers to make knowledgeable selections and enhancing the accountability and reliability of developers. 2. Improved Developer Accountability: MahaRERA’s grading system promotes confidence in buyers by motivating developers to uphold quality and satisfy commitments, hence ensuring a mutually advantageous and pleasant transaction environment. 3. Increased Buyer Confidence: Project grades are dependable markers of project quality and reliability that buyers can rely on. This gives them peace of mind and confidence when making investments, which ‌drives market demand and activity. 4. Market Competitiveness: Higher project grades provide developers a competitive edge in the market by presenting their developments as superior options for discriminating consumers, which boosts sales and improves market conditions. 5. Protection from Fraud: By providing purchasers with confidence about the dependability and integrity of the projects they invest in, MahaRERA’s grading system acts as a prevention against fraudulent practices and promotes credibility and confidence within the real estate industry. Related:- Top 5 RERA Regulations Every Developer Should Know Conclusion In Conclusion, MahaRERA’s project grading system is a game-changer for the real estate industry, bringing in a new era of accountability, openness, and trust between buyers and developers. Developers may increase project transparency and market appeal by adopting this system, and buyers can make confident, well-informed judgments. Together, let’s apply the project grading system principles established by the MahaRERA to the process of handling real estate transactions with transparency, honesty, and respect for one another. RECENT POST NEWS & TRENDS RERA ROUNDUP Vol. 2926 by ReraEasy April 12, 2024 NEWS & TRENDS RERA ROUNDUP Vol. 2925 by ReraEasy April 12, 2024 NEWS & TRENDS RERA ROUNDUP Vol. 2924 by ReraEasy April 12, 2024 NEWS & TRENDS RERA ROUNDUP Vol. 2923 by ReraEasy April 12, 2024 CATEGORIES BLOGS & ARTICLES 13 NEWS & TRENDS 5 Uncategorized 1 Facebook Instagram Youtube Linkedin Mumbai Office 5th Floor, 509, Plot No. 26A, The Landmark, Hirandnandani Service Road, Sector 7 Near Kharghar Police Station, Kharghar, Navi Mumbai, Raigad, Navi Mumbai, Maharashtra 410210 India +91-7977077375 +91-7678081406 Pune Office 4th floor, Nyati Emporius, 406, Pashan Hwy Side Rd, above Volvo Showroom, Mahalunge, Pune, Maharashtra 411045 +91-99879 57851 Service Areas Menu Rera Consultant In Pune Rera Consultant In Sangli Rera Consultant In Nagpur Rera Consultant In Satara Rera Consultant In Nashik Rera Consultant In Navi Mumbai Rera Consultant In Mumbai OPENING HOURS Mon – Sat 9:30 AM – 7:30 PM Sunday – CLOSED USEFUL LINKS Faq’s Terms & Conditions Copyright 2023 © All Right Reserved Design and Developed by Mizzlecodes

Menu Home About Us Our Company Our Team Services Services for Developers Services for Agents Services for Buyers Awards & Recognition Life at RE Blogs Contact Us Faq’s Top 5 RERA Regulations Every Developer Should Know The Real Estate (Regulation and Development) Act, 2016 (RERA) has introduced important rules for developers in India. Let’s break down the top 5 RERA regulations every developer should know: 1. Mandatory Project Registration with RERA: Developers are required to MahaRERA register for their real estate projects with the Real Estate Regulatory Authority (RERA) before any advertising or sale activities commence. The registration process entails submitting comprehensive project details, financial information, and relevant documents. RERA plays a pivotal role in ensuring that developers adhere to approved plans and specifications throughout the project’s execution, safeguarding buyer interests. 2. Promoter Obligations under RERA: Promoters, or developers, hold specific responsibilities delineated by RERA. They must ensure the accuracy of project advertisements and prospectuses, representing the project truthfully to potential buyers. Acceptance of deposits or advances from buyers is contingent upon entering into a formal agreement for sale, fostering transparency and accountability. 3. Compliance and Insurance Mandates: Developers are mandated to strictly adhere to sanctioned building plans and specifications, maintaining RERA compliance with regulatory standards. Section 11 of the Real Estate (Regulation and Development) Act, 2016 (RERA) outlines promoters’ duties, including transparency in advertising, no deposits without sale agreements, adherence to plans, and timely title transfer.  4. Title Transfer and Compensation Protocols Upon completion, developers are obligated to transfer the title to the buyer as per the agreed terms, ensuring legal ownership rights are transferred appropriately. In cases of project delays or breaches of contract, developers are liable to compensate buyers, reinforcing accountability in project execution under sec. 18 of RERA Act. 5. Buyer Rights and Regulatory Oversight: RERA delineates the rights and duties of buyers, ensuring they receive timely possession, accurate information, and quality construction. State-level regulatory authorities established by RERA oversee project registrations, address complaints, and promote transparency, bolstering buyer confidence and market integrity. Conclusion – In conclusion, the Real Estate (Regulation and Development) Act, 2016 (RERA) has brought about crucial rera regulations for developers in Maharashtra and across India, ensuring transparency and fairness in the state’s real estate sector. Adhering to these rules not only ensures legal compliance but also fosters trust with buyers, ultimately contributing to a stronger and more reliable real estate market in India. RECENT POST NEWS & TRENDS RERA ROUNDUP Vol. 2926 by ReraEasy April 12, 2024 NEWS & TRENDS RERA ROUNDUP Vol. 2925 by ReraEasy April 12, 2024 NEWS & TRENDS RERA ROUNDUP Vol. 2924 by ReraEasy April 12, 2024 NEWS & TRENDS RERA ROUNDUP Vol. 2923 by ReraEasy April 12, 2024 CATEGORIES BLOGS & ARTICLES 13 NEWS & TRENDS 5 Uncategorized 1 Facebook Instagram Youtube Linkedin Mumbai Office 5th Floor, 509, Plot No. 26A, The Landmark, Hirandnandani Service Road, Sector 7 Near Kharghar Police Station, Kharghar, Navi Mumbai, Raigad, Navi Mumbai, Maharashtra 410210 India +91-7977077375 +91-7678081406 Pune Office 4th floor, Nyati Emporius, 406, Pashan Hwy Side Rd, above Volvo Showroom, Mahalunge, Pune, Maharashtra 411045 +91-99879 57851 Service Areas Menu Rera Consultant In Pune Rera Consultant In Sangli Rera Consultant In Nagpur Rera Consultant In Satara Rera Consultant In Nashik Rera Consultant In Navi Mumbai Rera Consultant In Mumbai OPENING HOURS Mon – Sat 9:30 AM – 7:30 PM Sunday – CLOSED USEFUL LINKS Faq’s Terms & Conditions Copyright 2023 © All Right Reserved Design and Developed by Mizzlecodes

Menu Home About Us Our Company Our Team Services Services for Developers Services for Agents Services for Buyers Awards & Recognition Life at RE Blogs Contact Us Faq’s ENVISION NEXT DATA REPORT 2016-2024 TOTAL PROJECTS SANCTIONED IN CIDCO AREA YEAR 2016 -2024 See Full Report RECENT POST NEWS & TRENDS RERA ROUNDUP Vol. 2926 by ReraEasy April 12, 2024 NEWS & TRENDS RERA ROUNDUP Vol. 2925 by ReraEasy April 12, 2024 NEWS & TRENDS RERA ROUNDUP Vol. 2924 by ReraEasy April 12, 2024 NEWS & TRENDS RERA ROUNDUP Vol. 2923 by ReraEasy April 12, 2024 CATEGORIES BLOGS & ARTICLES 14 NEWS & TRENDS 5 Uncategorized 1 Facebook Instagram Youtube Linkedin Mumbai Office 5th Floor, 509, Plot No. 26A, The Landmark, Hirandnandani Service Road, Sector 7 Near Kharghar Police Station, Kharghar, Navi Mumbai, Raigad, Navi Mumbai, Maharashtra 410210 India +91-7977077375 +91-7678081406 Pune Office 4th floor, Nyati Emporius, 406, Pashan Hwy Side Rd, above Volvo Showroom, Mahalunge, Pune, Maharashtra 411045 +91-99879 57851 Service Areas Menu Rera Consultant In Pune Rera Consultant In Sangli Rera Consultant In Nagpur Rera Consultant In Satara Rera Consultant In Nashik Rera Consultant In Navi Mumbai Rera Consultant In Mumbai OPENING HOURS Mon – Sat 9:30 AM – 7:30 PM Sunday – CLOSED USEFUL LINKS Faq’s Terms & Conditions Copyright 2023 © All Right Reserved Design and Developed by Mizzlecodes