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MahaRERA To Map Registered Real Estate Projects Through GIS Technology

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MahaRERA To Map Registered Real Estate Projects Through GIS Technology

PUNE: citizens who plan to invest in real estate will get the exact location of real estate regulatory authority (RERA) registered projects on the web site in about 2 months.

A Geographical information system (GIS) are going to be available on the maharashtra real estate regulatory authority (MahaRERA) web site to enable such a search.

MahaRERA are going to be a year previous on May 1. The GIS facility can mark the occasion, MahaRERA authorities said. “The new feature can enable mapping of registered projects. This, in turn, can enable prospective consumers to urge a plan of comes in their area of interest, details and amenities within the vicinity,” MahaRERA secretary Vasant Prabhu said.

The GIS can 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 problems delayed the launch. All the 16,000 registered projects are going to be GIS mapped, Prabhu added.

The RERA Act has created 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 web site. MahaRERA authorities said the database can help streamline the real estate sector and also the GIS-enabled system can help streamline it for developers and investors.

Maharashtra CREDAI president Shantilal Kataria said the initiative can boost investors confidence in investment because the mapping is completed by MahaRERA. it’ll be streamlined, Kataria said, adding that more projects were declared this year when the govt. took measures to revive the sector.

According to RERA authorities, the technology can alter homebuyers to search out the home of their choice as the projects can seem as pins on the map and consumers can scan the amenity spaces option.

The GIS mapping pins can facilitate prospective consumers. 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 can indicate amenities like faculties, transportation facilities and hospitals.

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