PIMPRI: In a rush to get completion certificate to the housing project before implementation of Maharashtra Real Estate Regulatory Act (MahaRERA), developers in large numbers approached the Pimpri-Chinchwad Municipal Corporation (PCMC) in last four months.
Over 400 housing projects got completion certificate in last four months i.e., before July 31. During this rush, the PCMC has earned Rs 166 crore, which is record earning by the building permission department of PCMC during the period of four months so far.
Implementation of MahaRERA Act has been started from August 1. As per the provisions of Act, realtors those are not registered with MahaRERA online portal are liable for fine of 5 to 10 per cent of the project cost. July 31 was the last date for the new projects those have not received occupancy certificate to registered with MahaRERA. Therefore, there was a huge rush for registering and obtaining occupancy certificate for the projects at PCMC’s building permission department.
According to PCMC officials, during this period, most of the old projects those have not got occupancy certificate for the years approached the PCMC for completion and occupancy certificate in order to avoid fine under RERA Act. In last four months, over 400 projects have obtained either completion or occupancy certificate. Through this process, the PCMC has earned Rs 166.68 crore. Under MahaRERA Act, the realtors are not allowed to advertise project on the name of a nearby most popular destination. There was a practice in real estate market to advertise project on the name of a nearby popular area. In this act, the realtor must mention the actual address of the site.
When asked about getting permission and occupancy certificate from the PCMC before implementation of MahaRERA, Joint City Engineer of PCMC Aayubkhan Pathan said, “A large number of project those have been completed earlier but not got the completion and occupancy certificate has approached the civic body to get this permission. In this process, the PCMC’s earning through building permission has increased in last four months.”