The Maharashtra Real Estate Regulatory Authority, (MahaRERA) on August 28, 2023, issued a notification regarding the Introduction of the MahaRERA Grading Matrix for Real Estate Projects.
The following framework for Information Disclosure shall be adopted:
•Eligibility Criteria: All real estate projects registered post-January 2023 shall be eligible for the MahaRERA Grading Matrix.
•Frequency: MahaRERA Grading Matrix shall be generated every six months of the financial year. The first period for the MahaRERA Grading Matrix shall begin from October 01, 2023, to March 2024. The MahaRERA Grading Matrix process shall commence once the due date for last quarter's Quarterly Progress Reports (QPR) uploading is done by April 202024.
•Tools for MahaRERA Grading Matrix MahaRERA Grading Matrix shall be automatically generated through MahaRERA's IT Solution MahaCRlTl on the basis of information submitted by the promoter.
•The Project Snapshot shall broadly contain the following four categories: o
Proiect Overview
Technical Snapshot
Financial Snapshot
Legal Snapshot
[Notification No. MahaRERA / Secy / FileNo27/1166/2023]
