Friday, May 10, 2024

MahaRERA’s Mandate for Comprehensive Parking Details in Legal Documents

MahaRERA has responded to numerous grievances regarding parking issues raised by consumers, prompting a proactive measure. They now mandate the inclusion of comprehensive parking details in legal documents. This requirement aims to avert future disputes and ensure transparency.

Complaints ranged from structural hindrances like building beams obstructing parking to insufficient maneuvering space. To address these concerns, MahaRERA introduced a model draft clause to be annexed to Allotment Letters and Sale Agreements. This clause specifies parking lot number, dimensions, location within the building, and other relevant details.

In December 2022, MahaRERA made certain provisions, such as Force Majeure, Carpet Area, Defect Liability Period, and Transfer Agreement, mandatory in the Model Agreement for Sale. Now, parking details join this list of non-negotiable elements. Any alterations made without the homebuyer’s consent will not be endorsed by MahaRERA.

By enforcing adherence to this circular and the standard draft clause, MahaRERA aims to spare homebuyers the inconvenience and frustration of unresolved parking issues post-occupancy.

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