Maharashtra’s real estate regulatory body, MahaRERA, has a new leader in Manoj Saunik. The retired IAS officer assumed the role of chairman on Friday, succeeding Ajoy Mehta whose term concluded in September. Saunik brings a wealth of experience to the table, having served as the state’s Chief Secretary until December 2023.
Saunik’s appointment comes at a crucial time for MahaRERA. The real estate sector in Maharashtra has witnessed a slowdown in recent months, with concerns around project delays and buyer grievances. Saunik’s extensive administrative experience is expected to be an asset in addressing these challenges.
During his tenure as Chief Secretary, Saunik tackled critical issues like infrastructure development and disaster management. His calm demeanor and focus on stakeholder engagement suggest that he will promote a collaborative approach at MahaRERA. This could involve fostering better communication between developers, homebuyers, and the regulatory body, ultimately leading to a more efficient and transparent real estate ecosystem.
While the specific initiatives Saunik plans to implement are yet to be announced, his appointment signifies a commitment to strengthening MahaRERA and ensuring the smooth functioning of the real estate sector in Maharashtra. Stakeholders across the industry are looking forward to his leadership and its impact on promoting buyer protection and streamlining regulatory processes.
