MahaRERA said on September 4 that it will begin grading real estate projects.

It will assist homebuyers in making wise choices.

After January 2023, all registered projects will be eligible for grading.

Throughout the financial year, the grading matrix will be modified every six months.

The first time frame will run from October 1 to March 31 of 2024.

Grading will be carried out automatically by MahaRERA's IT solution MahaCRITI.

MahaRERA has generally selected four criteria.

Dotted Diamond

The base will be the project overview, technical, financial, and legal information.

Since the establishment of MahaRERA, more than 40,000 projects have been registered in Maharashtra.