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MahaRERA’s Biannual Project Assessment: New Grading System

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The Maharashtra Real Estate Regulatory Authority (MahaRERA) has announced plans to implement a grading system for real estate projects starting from April 2024. This initiative aims to provide valuable information to homebuyers, assisting them in making informed decisions. RECOS software can significantly help to enhance RERA grades by providing real-time insights into project compliance and effectiveness. It is a unified …

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Top 10 Newest Project Launches in Mumbai (2024)

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Discover the latest in Mumbai’s real estate scene with these top 10 new projects! From luxurious skyscrapers to modern gated communities, these developments promise exciting opportunities for homebuyers. Let’s explore what each one has to offer! RECOS brings you the top 10 new launch projects in Mumbai and their key features: Investing in these new …

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RERA for Protecting Homebuyers: Ensuring Fair Use of Funds

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In response to concerns raised by Gurugram RERA Chairman Arun Kumar, the Union Finance Ministry has taken steps to safeguard homebuyers’ interests. They’ve instructed public banks to prevent misuse of RERA funds, ensuring developers follow rules and are transparent in using the money. The recent orders tell banks to follow rules strictly, stopping developers from …

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Building India’s Future: Real Estate’s Role in Global Growth

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On February 1, the Narendra Modi government will share its last budget – ‘Budget 2024’ for this term. As India strives to become the world’s third-largest economy, the decisions made in government policies and budget allocations will be crucial. In the current economic arena, giants like the United States and China dominate the scene with …

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MahaRERA Completes Record Number of Housing Projects in 2023: A Regional Analysis

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The Maharashtra Real Estate Regulatory Authority (MahaRERA) has achieved a milestone in 2023 by completing 3,927 housing projects across the state, showing a remarkable recovery from the pandemic-induced slowdown in 2022. Several measures have been taken by MahaRERA to ensure timely completion and transparency of projects, such as micro monitoring, quarterly progress reports, and strict …

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Construction Project Management: Digitization

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Construction Project Management (CPM) is the backbone of the construction industry, ensuring projects are executed seamlessly. Defined as the systematic planning, coordination, and control of a project from inception to completion, CPM plays a pivotal role in meeting quality, time, and cost goals. In the digital age, traditional project management methods are giving way to …

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MahaRERA Suspends Registration of 388 Non-Compliant Real Estate Projects

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In a significant move, the Maharashtra Real Estate Regulatory Authority (MahaRERA) has suspended the registration of 388 real estate projects for non-compliance with mandatory quarterly progress reporting. As per the Real Estate (Regulation and Development) Act, developers must regularly update progress reports, including project details, approvals, financial transactions, and more. After issuing notices and deadlines, …

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Top 10 Tips to Elevate Real Estate Customer Experience

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In the dynamic world of real estate, customer experience is the secret sauce for success. Real estate developers are awakening to the fact that prioritizing customers not only boosts satisfaction but also ignites profitability. Here are the top 10 strategies for real estate developers to champion customer experience: In conclusion, real estate developers can elevate …

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RERA and RECOS: A Winning Duo for Homebuyers and Developers

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The Real Estate (Regulation and Development) Act, or RERA, has been a game-changer in the Indian real estate scene since its launch in 2016. Designed to bring transparency and fairness, it’s a win-win for both homebuyers and developers. Paired with RECOS, an innovative real estate management app, this duo takes your real estate experience to …

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