RERA

RERA is The Real Estate (Regulation and Development) Act. According to RERA, each state and Union territory will have its own regulator and set of rules to govern the functioning of the regulator. This category includes questions and answers related to real estate developers seeking to register with RERA, understanding the rules, the how-tos and procedures for their projects and for buyers seeking to understand the impact of RERA. Meant for buyers, developers, agents, this forum can be used to ask anything pertaining to RERA and its rules.


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Answered on November 09, 2017
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  • Key features of the Act are to satisy the following : Ensuring Disclosures of Real Estate Projects by Promoters Real Estate Projects Registration Real Estate Agents Registration Complaints Redressal Provide recommendations to appropriate Government on matters relating to the development & promotion of real estate sector


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    Answered on November 09, 2017
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  • The Authority may, on receipt of a complaint or suo motu in this behalf or on the recommendation of the competent authority, revoke the registration granted under section 5, after being satisfied that— (a) the promoter makes default in doing anything required by or under this Act or the rules or the regulations made thereunder; (b) the promoter violates any of the terms or conditions of th...
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    Answered on November 09, 2017
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  • All under construction projects that have not received completion/occupancy certificate as applicable or shall not receive prior to July 31st, 2017 shall mandatory need to register with MahaRERA

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    Answered on November 09, 2017
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  •  In accordance with notifications issued by Urban Development Department of Government of Maharashtra, MR & TP Act is applicable to all the districts of Maharashtra. Hence, all areas of Maharashtra are included in Planning Area as defined in Section 2(zh) of the Act


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    Answered on November 09, 2017
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  • ( Source : maharera.mahaonline.gov.in) Yes. Every real estate project which has land area more than 500 sqmts or has more than 8 apartments needs to be registered

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    Answered on November 09, 2017
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  • ( Source : maharera.mahaonline.gov.in) Yes. In accordance with the model form of agreement, if the Promoter fails to abide by the time schedule for completing the project and handing over the [Apartment/Plot] to the Allottee, the Promoter agrees to pay to the Allottee, who does not intend...
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    Answered on November 09, 2017
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  • ( Source : maharera.mahaonline.gov.in) No. However, geographical jurisdiction may be specified for Chairperson or members of MahaRERA.

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    Answered on November 09, 2017
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  • ( Source : maharera.mahaonline.gov.in) As per section 2(d) an allottee includes a person who acquires the said ‘apartment / plot’ through transfer or sale, but does not include a person to whom such plot, apartment is given on rent. The Act doesn’t include rental projects, lease / leave and License deals.
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