People who are planning to buy property can now get exact property locations for projects which are registered with RERA (Real Estate Regulatory Authority) on the site within a period of two months in Mumbai and other cities in Maharashtra. The Maharashtra Real Estate Regulatory Authority or MahaRERA website will now have a special GIS (Geographical Information System) for mapping these projects and enabling searches of the same.
MahaRERA will be 1 year old on the 1st of May, 2018. The GIS facility will be released to commemorate this occasion. The new GIS feature will help in easily mapping projects which are registered. Prospective homebuyers can easily get an accurate idea pertaining to the location of projects that they are interested in, the amenities nearby and other vital information as per reports.
Projects will be more credible and viable for buyers due to this GIS based system. The Chief Minister of Maharashtra, Devendra Fadnavis, has previously asked for swift GIS mapping of all the registered real estate projects. The launch was postponed a little on account of certain technical issues. 16, 000 projects are currently registered with MahaRERA and all of them will be GIS mapped.
The RERA Act makes it absolutely compulsory for real estate developers to register both ongoing and new projects. A project database has been created already with the current count at approximately 16, 126 such ventures. This database will streamline realty searches for prospective buyers and the GIS system will help investors and developers alike. Maharashtra CREDAI has welcomed this new development since this may lead to an increase in positive sentiments for investors and end-users alike.
The sector will be streamlined and post several Government measures, more projects from the State should be launched in 2018 as per reports. Projects will be coming up as pins on the master map and buyers can scan the areas surrounding the same to check for amenities. GIS helps in capturing, analysis and storage of data for the surface of the earth. MahaRERA is striving to use this technology for enabling better project details. The new platform will show amenities such as transport facilities, hospitals and schools in tandem with project timelines and approvals.
