Mr Nayan A Shah, SIBM Pune Alumnus ( Batch 1982) who is presently a Mumbai-based developer and becomes the first in the country to register his project under the Real Estate Regulatory Authority (RERA), which came into effect on 1st May 2017.
As mandated by the government, the developers have to upload details about their experience over the past five years, estimated project cost, money incurred and flats sold so far and Escrow bank account number, among other things. The law also says a builder has to submit an affidavit that the project information furnished by him while applying for registration is correct and RERA-compliant. Mr Nayan A Shah, the CEO and Managing Director of Mayfair Group was the first to upload his project plans online on the MahaRera website on Monday.
Mr Nayan A Shah, is an MBA from Symbiosis Institute of Business Management Pune and an avid athlete and health fan.
Director – SIBM Pune