MahaRERA Initiates Robust Three-Tier Audit for Housing Projects

16 Jan 2024 CW Team

In a groundbreaking move towards bolstering transparency and safeguarding the interests of homebuyers, the Maharashtra Real Estate Regulatory Authority (MahaRERA) has unveiled plans for a comprehensive three-tier audit system for housing projects. This strategic initiative aims to fortify accountability within the real estate sector, ensuring compliance with regulatory standards and safeguarding the rights of property purchasers. The three-tier audit framework encompasses meticulous scrutiny of financial aspects, project timelines, and adherence to quality benchmarks. This multifaceted approach is poised to instill confidence among homebuyers by providing a robust mechanism for evaluating the integrity of housing projects. This move by MahaRERA underscores a commitment to fostering a trustworthy real estate ecosystem. It not only empowers consumers with reliable information but also sets a precedent for regulatory bodies nationwide. As the real estate landscape evolves, such measures become imperative for sustaining a healthy market where stakeholders can engage with confidence.

Infrastructure Transport

20 Jun 2025

Dassault To Build Falcon Jets In India With Reliance

Reliance Infrastructure Ltd鈥檚 subsidiary, Reliance Aerostructure, has signed an agreement with France鈥檚 Dassault Aviation to manufacture Falcon 2000 business jets in India, with the first batch expected to roll out from its Nagpur facility by 2028. This marks the first time a Falcon aircraft will be entirely built outside France.The announcement sent Reliance Infrastructure shares surging, hitting the 5 per cent upper circuit on the BSE. Anil Ambani, Chairman of Reliance Group, hailed the agreement as a 鈥渟ymbol of India鈥檚 technological and manufacturing strength鈥�, adding that it aims..

Infrastructure Urban

20 Jun 2025

INDEA Lays Foundation for India鈥檚 First Auto Design School

The Indian School for Design of Automobiles (INDEA), the country鈥檚 first institute focused solely on automobile design and management, held its foundation stone ceremony at XLRI Delhi-NCR. The event was graced by Union Minister for Road Transport and Highways, Nitin Gadkari, who virtually unveiled the stone as Chief Guest.INDEA aims to become a premier talent hub, driving innovation in the Indian automotive sector. The school will focus on advanced design, mobility solutions, and sustainable practices, playing a vital role in shaping India鈥檚 transition from a cost-driven to a quality-led a..

Infrastructure Transport

20 Jun 2025

Karnataka Launches Global Innovation Hub at Airport City

The Government of Karnataka, in collaboration with Bengaluru Airport City Limited (BACL) and ANSR, has launched a global innovation hub named District I at Bengaluru Airport City's business park. The initiative aims to elevate India鈥檚 innovation ecosystem to a global scale by fostering collaboration among startups, academia, enterprises, and government bodies.District I will serve as a platform for deep-tech entrepreneurship, enterprise innovation, and commercialisation of academic research. It brings together Global Capability Centres (GCCs), IT firms, corporate labs, startups, venture capi..