Pune: Pune Metropolitan Regional Development Authority (PMRDA) will submit a list of 80 projects to Maharashtra Real Estate Regulatory Authority (MahaRERA).
According to PMRDA Chief and CEO Kiran Gitte, these projects were not issued completion certificate due to the absence of environmental clearance certificate or not adhering to other norms like the construction of requisite roads.
It was mandatory for all ongoing projects to get RERA registration before July 31, the projects failing to be registered with MahaRERA will be liable for action. Gitte said submitting the list of those projects to MahaRERA was essential as it will play a significant role in informing common citizens who may consider investing in these projects.
Gitte said that promoters and developers have applied for RERA registrations for 2,908 ongoing projects in Pune. He said that out of them in 620 projects, the certificate has already been issued. “Several developers approached PMRDA to obtain the completion certificate before July 31, as RERA norms will be applicable to all ongoing projects after that. PMRDA issues around 2,500 completion certificates in a year and around 100 certificates in a month. In June and July, at least 125 completion certificates were issued,” Gitte said.
- Speaking about the eight-lane and 129 km Ring Road project, Gitte said that there are around 2,500 constructions along the road and majority of them are illegal which will be removed.
- The estimated cost of 110 metre wide Ring Road is 17,412 cr.
- The detailed project report (DPR) is expected to be ready by September.
- The civil work for the same is slated to begin in November.
- This project will require 1,430 hectares of land in 58 villages in four talukas of Haveli, Maval, Mulshi and Khed.