Mumbai: Citizens who plan to invest in real estate can get the exact location of Real Estate Regulatory Authority (RERA) registered projects on the website in about two months.
A Geographical Information System (GIS) will be available on the Maharashtra Real Estate Regulatory Authority (MahaRERA) website to enable such a search.
MahaRERA will be a year old on May 1. The GIS facility will mark the occasion, MahaRERA authorities said. “The new feature will enable mapping of registered projects. This, in turn, will allow prospective buyers to get an idea of projects in their area of interest, details and amenities in the vicinity,” MahaRERA secretary Vasant Prabhu said.
The GIS will add more to the project’s profile than a developer advertising about his RERA registration, he added. Chief minister Devendra Fadnavis has been advocating GIS mapping of all registered projects since last year. However, technical issues delayed the launch. All the 16,000 registered projects will be GIS mapped, Prabhu added.
The RERA Act has made it mandatory for new and ongoing projects to register with the regulator. It has created a database of projects. Currently, around 16,125 projects are registered on the website. MahaRERA authorities said the database will help streamline the real estate sector and the GIS-enabled system will help streamline it for developers and investors.
Maharashtra CREDAI president Shantilal Kataria said the initiative will boost investors confidence in investing as the mapping is done by MahaRERA. It will be streamlined, Kataria said, adding that more projects were announced this year after the government took measures to revive the sector.
According to RERA authorities, the technology will enable homebuyers to find the home of their choice as the projects will appear as pins on the map and buyers can scan the amenity spaces option.
MahaRERA to map registered real estate projects through GIS technology The GIS mapping pins will help prospective buyers. GIS captures, stores and analyses data on the earth’s surface. MahaRERA is trying to harness the system to develop a platform that stores details of projects. Apart from approvals and timelines, the platform will indicate amenities like schools, transportation facilities and hospitals.