Maharashtra Real Estate Regulatory Authority (MahaRERA) has revised the criteria for the formation of Self-Regulatory Organisations (SROs) for developers outside the Mumbai Metropolitan Region (MMR), lowering the threshold from 500 projects to 200.

This move is expected to significantly assist developers in other parts of Maharashtra by providing them with official guidance and support on various regulatory matters related to MahaRERA, including the registration of new housing projects, corrections, renewals, quarterly progress reports, and project completion reports.