Us Review - Opp

URBAN STUDIES
NEWS PAPER ARCTICLE REVIEW
ARTICLES
1: ABOUT TRANSPARENCY IN REAL ESTATE AFTER MahaRERA
(LOKSATTA NEWS PAPER)
2: ABOUT SLUM REHABILITATION PROJECTS IN PUNE CITY(SRA)
(LOKMAT NEWS PAPER)
NAME: OMKAR P.PATIL

FOY B.ARCH 2023-24
AAYOJAN SCHOOL OF ARCHITECTURE
AND DESIGN,PUNE
1ST NEWS PAPER ARTICLE TELLS ABOUT TRANPARENCY IN REAL ESTATE AFTER
MAHARERA COME INTO PICTURE.
About MahaRERA
The Maharashtra Real Estate Regulatory Authority (referred to as RERA
Maharashtra or MahaRERA) is a governing and regulatory authority overseeing
real estate buying and selling in the state of Maharashtra. In other words,
MahaRERA makes sure that real estate transac ons are transparent and fair for
buyers as well as real estate developers.
When did RERA Maharashtra (MahaRERA) come about?
The real estate industry has been booming in every corner of the country. The
Real Estate (Regula on and Development) Act, 2016, was brought into force to
provide a level playing field for real estate developers across the na on. It also
has several features that provide a sense of fairness and security to buyers of
both residen al and commercial proper es.Most Indian states have their own
RERA board to oversee the development of their real estate sector. MahaRERA
is one such board that operates in the state of Maharashtra. RERA Maharashtra
came about to take steps in promo ng and regula ng the development of realty
in the state. Maharashtra is among the first Indian states to implement RERA,
and its main objec ve is to bring about transparency in the buying and selling of
plots and buildings, both residen al and commercial.
Vision and func ons of RERA Maharashtra (MahaRERA)
RERA Maharashtra aims to:
 Bring transparency in the sale of apartments, buildings, and plots in the
state,
 Protect the interest of real estate buyers and promote fair transac ons,
 Ini ate faster se lement of disputes rela ng to real estate proper es, and
 Offer recommenda ons to the concerned government authori es in
ma ers relevant to the promo on and development of real estate.
Addi onally, MahaRERA also fulfils these func ons:
 Supervise if real estate developers or promoters are following the correct
regula ons
 Ensuring that promoters register their projects under the Act
 Publishing and maintaining the records of all real estate projects in a city
 Enhancing the growth of the real estate sector
 Fostering a healthy, transparent, and efficient real estate sector in
Maharashtra.
2ND NEWSPAPER ARTICLE TELLS ABOUT SLUM REHABILITATION IN PUNE CITY, SRA
PROJECTS DELYS CONSTRUCTION IN PUNE CITY.
WHAT IS SRA?
According to the 2011 census report, 13.8 million households and about 64
million people, are located in city slums in India. This number is growing every
year. As this number increases, so does the amount of unhealthy and unsafe
homes. These factors hinder the overall development of a city.
With this in mind, the Government of Maharashtra brought an amendment to
the Maharashtra Regional and Town Planning Act 56 and introduced a nodal
agency, Slum Rehabilita on Authority (SRA). SRA brought forth a Slum
Rehabilita on Programme that analyses exis ng posi ons of slum areas in a city.
A er examining, the commi ee devises plans for the rehabilita on of these
iden fied slum areas and ensures that the slum rehabilita on scheme planned
is executed the best of SRA's abili es. The SRA commi ee in India enables
property developers to rehabilitate slum-dwellers in-situ and compensates the
landowner and developer by awarding them with Transferable Development
Rights (TDR).
NEED OF SLUM REHABILITATION
Studies have shown that slum redevelopment projects have improved access to
services, educa on, and healthcare in ci es experiencing high levels of poverty.
These projects have also been linked to decreased levels of crime, as well as
improved health, educa on, and employment outcomes.
Slum redevelopment opens up land in PUNE by demolishing exis ng slums and
replacing them with new housing units. This helps to free up open spaces that
can then be used to build infrastructure such as roads, schools, hospitals, and
other public facili es. Addi onally, this process can also increase the availability
of green spaces, allowing for greater access to parks and other recrea onal
areas.

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URBAN STUDIES

NEWS PAPER ARCTICLE REVIEW

NAME: OMKAR P.PATIL

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