MahaRERA to start grading real estate projects soon

The Maharashtra Real Estate Regulatory Authority (MahaRERA) will soon set up a grading system for all real estate projects registered with it since January this year.

Officials said that this initiative would help homebuyers make an informed Decision before investing in such projects.

The grading system would consider factors such as financial, legal, technical, and timely completion risks, stated the order issued by the MahaRERA on June 16.

The grading system would be made available on the MahaRERA website in April 2024.

Altogether 40,000 projects have been registered with MahaRERA since 2017.

The assessment will be carried out from October 2023 to April 2024,” said a MahaRERA official.