Whether CIDCO Falls Under Definition Of Promoter For Town Development Activities? MahaREAT Answers

MahaREAT held that CIDCO falls under the definition of a promoter for town development activities under RERA. The tribunal clarified that CIDCO, being a government entity involved in the development of new towns, is required to register its projects under RERA. This decision came in response to a complaint filed by the Maharashtra Chamber of Housing Industry, which argued that CIDCO should be considered a promoter under RERA. The tribunal’s ruling ensures that CIDCO’s development activities are subject to the same regulatory framework as private developers, promoting transparency and accountability. This decision is expected to have significant implications for government agencies involved in real estate development.